Dow Jones futures rose slightly Friday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally rose slightly Thursday with the S&P 500 and Nasdaq hitting fresh all-time highs.
Tesla reversed from fresh 2025 highs on Thursday in a sell-the-news reaction to record deliveries in Q3. But shares were rising early Friday.
Snowflake, Broadcom, Advanced Micro Devices and Palantir Technologies flashed buy signals.
Astera Labs and Credo Technology, two red-hot AI stocks that recently faltered, made bullish moves Thursday. Speculative names such as Oklo and IonQ had strong sessions.
Broadcom stock and Palantir are on Leaderboard, with Tesla and Snowflake on the Leaderboard watchlist. Astera Labs stock and Palantir are all on SwingTrader. Palantir stock and Astera Labs are on the IBD 50. Snowflake was Thursday's IBD Stock Of The Day.
The video embedded in the article reviews Thursday's market action and analyzes Tesla stock, Broadcom and Astera Labs.
Dow Jones Futures Today
Dow Jones futures were 0.2% above fair value. S&P 500 futures and Nasdaq 100 futures climbed 0.1%.
The government shutdown means investors won't get the September jobs report at 8:30 a.m. ET.
Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze leading stocks and the market on IBD Live
Stock Market Rally
The stock market rally had a narrowly mixed session. The Nasdaq and S&P 500 hit new all-time highs intraday, with the Dow Jones setting another closing best.
The Dow Jones Industrial Average climbed 0.2% in Thursday's stock market trading. The S&P 500 index rose a fraction. The Nasdaq composite advanced 0.4%. The small-cap Russell 2000 was up 0.7%.
Astera Labs and Credo Tech, two of the hottest AI stocks until a recent retreat, are battling back. ALAB stock jumped 7.8% to just above its 21-day line after bouncing off the 50-day line on Wednesday. Credo stock climbed 3.25%, back above the 21-day line.
Quantum computing, nuclear startups and some other highly speculative plays had strong days. IonQ stock jumped 10.3% after reversing higher off the 21-day line Wednesday. Oklo stock surged 11.2%, back above the 10-day line.
Coherent, BWX Technologies and Futu Holdings reversed lower. All but Futu stock still have normal-looking charts.
U.S. crude oil prices fell 2.1% to $60.48 a barrel, the lowest in nearly five months, amid expectations of another OPEC+ production hike.
The 10-year Treasury yield fell two basis points to 4.09%.
ETFs
Among growth ETFs, the Innovator IBD 50 ETF rallied 1.4%. The iShares Expanded Tech-Software Sector ETF climbed 0.6%, with Palantir the top component. The VanEck Vectors Semiconductor ETF gained 1.4%, holding a lot of Broadcom as well as AMD stock.
ARK Innovation ETF ran up 2.65% and ARK Genomics ETF popped 3.3%. Tesla stock is the No. 1 holding across ARK Invest's ETFs.
SPDR S&P Metals & Mining ETF was up 1.4%. The Energy Select SPDR ETF fell 1%. and the Health Care Select Sector SPDR Fund declined 0.2%.
The Industrial Select Sector SPDR Fund added 0.25%.
The Financial Select SPDR ETF dipped about 0.1%.
Best Growth Stocks To Buy And Watch
Tesla Stock Rises After Sell-The-News Reversal
TSLA stock rose more than 1% early Friday, signaling a move back above the 10-day.
On Thursday Tesla stock hit a fresh 2025 high of 450.75 soon after the open, but soon reversed lower, down 5.1% to 436. After running up strongly for the past several weeks, investors took profits despite Tesla deliveries hitting a record 497,099 in the third quarter, thanks to now-expired U.S. tax credits.
Tesla deliveries are likely to fall significantly in Q4, but most of the TSLA stock run-up has been about self-driving and robotaxi hopes.
CEO Elon Musk said recently that Full-Self Driving Version 14 will get an "early wide" release this week.
Tesla's stock chart still looks healthy. Ideally, shares would pause, forging a meaty handle before making a run at the late-December all-time high of 488.54.
