Dow Jones futures: Stock market hits highs after bullish pause; Apple, Broadcom in buy zon
May 1, 2026
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures.
The stock market had a solid week, with the S&P 500 and Nasdaq hitting record highs. Google parent AlphabetGOOGL was a big winner, while hyperscalers’ strong capital spending forecasts buoyed the AI ecosystem. But the market advance was broad.
AppleAAPL flashed a buy signal Friday on earnings. BroadcomAVGO, CorningGLW, Viking HoldingsVIK are in buy areas.
GameStopGME reportedly is preparing to bid for e-commerce giant eBay. GameStop stock rose after hours while eBayEBAY soared.
Earnings season remains heavy. While no trillion-dollar megacaps loom, dozens of high-quality names will report this coming week, including LumentumLITE, Advanced Micro DevicesAMD, Rocket LabRKLB, Astera LabsALAB, AlbemarleALB and Arista NetworksANET.
Berkshire HathawayBRKB reports Saturday, in the first quarter since Warren Buffett stepped down.
Viking stock and Broadcom are on Leaderboard while Google is on the Leaderboard watchlist. Google stock is on SwingTrader. Lumentum stock, Corning, Google, Arista Networks, Broadcom are on the IBD 50. Google and Broadcom stock are on the IBD Big Cap 20. Arista Networks stock and Broadcom are on IBD Sector Leaders.
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.
Join IBD experts as they analyze leading stocks and the market on IBD Live
Stock Market Rally
The stock market rally paused through Wednesday, holding up well despite surging oil prices. On Thursday, stocks rallied strongly and broadly on big techs’ capital spending plans and easing oil prices. The S&P 500 and Nasdaq powered to fresh highs while the small-cap Russell 2000 set a closing best on Friday.
The Dow Jones Industrial Average rose 0.55% in last week’s stock market trading, not far from record highs either. The S&P 500 index advanced 0.9%. The Nasdaq composite gained 1.1%. The small-cap Russell 2000 advanced 0.9%.
The Invesco S&P 500 Equal Weight ETFRSP rose 0.4%, also close to highs.
The market pause over several days allowed many stocks to forge handles or pullbacks that created new buying opportunities, while others paused around buy zones, letting moving averages catch up.
While chips and the broad AI ecosystem are leading the market rally, many sectors are showing strength, with industrials, banks, biotechs and some discounters setting up, along with energy names.
The 10-year Treasury yield rose seven basis points to 4.38%, but was off a midweek high of 4.43%.
U.S. crude oil futures jumped 8% to $101.94 a barrel last week, but fell back from a midweek high above $109.
Get IBD’s Daily Newsletter At Investors.com
ETFs
Among growth ETFs, the Innovator IBD 50 ETFFFTY popped 1.9% last week. The iShares Expanded Tech-Software Sector ETFIGV gained 1.7%. The VanEck Vectors Semiconductor ETFSMH rose 0.7%, with Broadcom and AMD stock major holdings.
ARK Innovation ETFARKK climbed 0.55% last week and ARK Genomics ETFARKG jumped 2.6%.
SPDR S&P Metals & Mining ETFXME was up 0.7% last week. The Energy Select SPDR ETFXLE rallied 3.5%. The Industrial Select Sector SPDR FundXLI inched up 0.3%. The Financial Select SPDR ETFXLF stepped up 1%.
Best Growth Stocks To Buy And Watch
Stocks In Buy Areas
Apple stock rose 3.3% to 280.25 on Friday, clearing early entries around 276. Intraday, shares nearly hit the 288.62 buy point from a five-month consolidation. Closing in the lower end of the daily range wasn’t ideal.
Late Thursday, Apple reported 22% earnings per share growth, solidly beating despite chip constraints on iPhone production. Gains accelerated for a fourth straight quarter. The relative strength line has been lackluster recently and over the past few years, reflecting largely in-line AAPL stock performance vs. the S&P 500.
Broadcom stock edged down 0.35% to 421.28 for the week, but rebounded after Tuesday to regain a 414.61 cup-base buy point, according to MarketSurge. Investors also could use 429.31 as a high-handle entry.
Corning stock dived 10% to 158.26 for the week, plunging Tuesday following earnings, but rebounding strongly Thursday from the 50-day line. Shares closed around the 21-day line.
Viking Holdings stock dipped 0.4% last week to 81.50, recovering to close just above an 81.48 cup-base buy point initially cleared on April 17, as well as breaking a short trendline. Shares started the week extending a retreat from the April 21 record high of 87, sliding below the buy point and the 21-day line. But with the market rebounding and oil prices falling, shares recovered.
What To Do Now
The stock market rally is in great shape. The S&P 500 and Nasdaq are at highs. While many leaders are significantly extended, the market’s mini-pause and end-of-week bounce created a number of buying opportunities.
The stock market is in a power trend, a time for stepping on the gas, buying more aggressive growth names. Investors can go on margin depending on risk tolerance.
But, assuming you’re already heavily invested, right now is more about pruning laggards and losers, while feeding winners and looking for incremental new buys.
Keep working on watchlists and stay engaged, though you don’t have to be glued to the screen. Active investors don’t have to be hyperactive all the time. A lot of money is to be found in the sitting.
Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
YOU MIGHT ALSO LIKE:
IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today
Search
RECENT PRESS RELEASES
Related Post
