New York, USA – Dow Jones futures showed a slight increase on Sunday night, alongside S&P 500 futures and Nasdaq futures. This uptick followed a surge in stocks to record highs in the aftermath of Donald Trump’s presidential victory. During this time, Bitcoin also surpassed $81,000 amidst a strong showing in the cryptocurrency market.
Last week, the Dow Jones and S&P 500 experienced their best performance in a year, with numerous leading stocks reaching new highs in anticipation of a favorable environment under a potential second Trump administration. Notably, Tesla soared back above a $1 trillion market capitalization, spurred by CEO Elon Musk’s support for Trump’s election campaign. Palantir Technologies also had a stellar week, driven by strong earnings.
Earnings season remained active, with Monday.com set to report Q3 results early in the week. While some stocks like Meta Platforms, Google-parent Alphabet, CrowdStrike, Vertex Pharmaceuticals, and newly added Dow Jones component Nvidia showed promise, others faced challenges. Notably, Meta and Google stocks were on the cusp of buy points, while CrowdStrike, Vertex, and Nvidia were deemed actionable investments.
Stock market indices saw significant gains over the past week, reaching record highs, fuelled by hopes for a return of Trump to the White House under a GOP Congress. Additionally, the Federal Reserve’s rate cuts and dovish stance further boosted market sentiment.
As the weekend approached, Bitcoin’s climb above $81,000 signalled a bullish sentiment in the market. Investors were advised to remain invested in leading stocks cautiously, considering potential pullbacks and ongoing earnings season activity to make informed decisions.
The article also highlighted stocks nearing buy points such as Meta, Google, CrowdStrike, Vertex, and Nvidia, each showing promising momentum and potential for growth. With the stock market rally in full swing, investors were encouraged to stay informed and vigilant, keeping a close eye on market trends and leading sectors to capitalize on opportunities for growth and success in their investments.
