Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Tesla, GE Vernova, Netflix and GE Aerospace headline a big earnings week capped by the September CPI inflation report.
The stock market rally enjoyed strong weekly gains. But after Monday's rebound, the major indexes and many leaders have seen big intraday moves up and down. Many speculative plays saw sharp losses late in the week, but after massive runs.
Tesla stock is flirting with an early entry heading into earnings. GE stock also is setting up. GE Vernova and Netflix are in bases, but need to get above the 50-day line and short-term highs.
Palantir Technologies and Nvidia are trading between buy points and key support, much like the broader market.
The video embedded in this article previews earnings for Tesla, GE Vernova, GE Aerospace, Netflix and more.
Dow Jones Futures Today
Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.
Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
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Stock Market Rally
The stock market rally jumped on Monday, recouping much of the Oct. 10 sell-off on China tariff fears, as President Donald Trump downplayed trade concerns. After that, the major indexes had volatile action. The small-cap Russell 2000 surged to record highs, but slashed weekly gains as regional bank fears spiked late in the week.
The Dow Jones Industrial Average rose 1.6% in last week's stock market trading. The S&P 500 index climbed 1.7%. The Nasdaq composite jumped 2.1%. The small-cap Russell 2000 popped 2.4%.
All the indexes are slightly above their 21-day lines. They're not far from record highs — or their 50-day averages.
The Invesco S&P 500 Equal Weight ETF rose 1.6% for the week, but finished just below the 50-day.
The 10-year Treasury yield fell five basis points to 4.01% after hitting a one-year closing low of 3.97% on Thursday.
Markets have fully priced in an Oct. 29 rate cut. Still, investors will get the September CPI report on Oct. 24.
U.S. crude oil futures fell 2.31% to $57.54 a barrel, hitting five-month lows during the week
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ETFs
Among growth ETFs, the Innovator IBD 50 ETF climbed 2.2% last week. The iShares Expanded Tech-Software Sector ETF edged up 0.5%, with Palantir stock a massive holding. The VanEck Vectors Semiconductor ETF jumped 5.4%, with Nvidia stock the biggest component by far.
ARK Innovation ETF dipped 0.3% last week and ARK Genomics ETF climbed 2.1%. Tesla stock is the No. 1 holding across ARK Invest's ETFs.
SPDR S&P Metals & Mining ETF rose 1.4% last week. The Industrial Select Sector SPDR Fund gained 1.2%, with GE Aerospace stock the top holding and GEV stock in the top five. The Financial Select SPDR ETF was up a fraction and the SPDR S&P Regional Banking ETF sank 1.85%, diving from Tuesday's high.
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Tesla Stock
Tesla stock jumped 6.2% to 439.31 in the past week, with all the trading within the prior week's downside reversal. Shares reclaimed the 21-day line on Oct. 13, then traded relatively tightly after that. TSLA stock has a 470.75 buy point from a huge cup-with-handle base. Aggressive traders could use Friday's high of 441.46 as an early entry.
But that would be risky ahead of Tesla earnings Wednesday night. The focus will be on CEO Elon Musk's comments about robotaxi efforts on the earnings call.
GE Stock
GE Aerospace stock rose 3% to 300.14, still within a narrow range for a few weeks. A flat base is another week away, but investors could use the Oct. 15 high of 304.95 an entry. GE earnings are due early Tuesday.
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Nvidia Stock
Nvidia stock edged up 6 cents to 183.22 for the week. On Oct. 13, shares jumped back above a 184.48 flat-base buy point, but then fell back to the 50-day line. Shares closed above that key level and just over the 21-day line.
Palantir Stock
Palantir stock climbed 1.6% to 178.15, finding support at the 50-day line and also closing above the 21-day. Investors could still use a 185.75 cup-with-handle buy point. Earnings are due Nov. 3.
More broadly, how Nvidia and Palantir perform over the coming days could be a bellwether for growth stocks, especially AI plays.
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Choppy Markets Dangerous For Active Investors
The stock market rally advanced last week, but most or all of the gains came Monday, which was a partial recovery from the Oct. 10 sell-off.
A choppy market is the hardest for active investors. Market swings lure people into stocks then quickly shake them out.
Aggressive investors may keep trying buys in this environment, but smaller positions, early entries and quick exits are warranted.
As a practical matter, investors may have cut exposure this past week even if that wasn't their goal. Taking partial or full profits on winners while new buys struggle is a recipe for pulling back.
For the most part, investors may not want to make many moves until the market resolves itself to the upside or downside.
But you need to have watchlists and exit strategies up to date.
Palantir and GE Vernova stock are on Leaderboard, with Tesla on the Leaderboard watchlist. Palantir stock is on the IBD 50. Nvidia stock and Palantir are on IBD Sector Leaders. Tesla was Friday's IBD Stock Of The Day.
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