Dow Jones futures, S&P 500 futures, and Nasdaq futures will open on Sunday evening following strong weekly gains in the major indexes, resulting in all-time highs. The market rally has been driven by two factors: expectations of Fed rate cuts and the ongoing boom in artificial intelligence (AI). The Federal Reserve has reaffirmed projections of three rate cuts in 2024 while companies like Nvidia, Broadcom, and Microsoft have had positive AI events. Micron Technology also reported a surprise profit and strong guidance due to AI effects. The stock market saw broad-based strength in various sectors, with financials also showing gains. Leading stocks like Uber Technologies, Eli Lilly, and CrowdStrike Holdings are setting up for potential gains. Investors can take advantage of incremental buys and look beyond extended AI leaders. Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures open on Sunday at 6 p. m. ET. The stock market rally had a strong week with all major indexes reaching record highs, although they pulled back slightly from Thursday's intraday highs.

The Dow Jones Industrial Average, S&P 500, and Nasdaq composite all had significant gains, while the small-cap Russell 2000 hit a 23-month closing high before a slight pullback on Friday. Several leading stocks broke out or showed other buy signals. Key sectors like tech, semiconductors, metals, mining, infrastructure development, airlines, homebuilders, energy, healthcare, and industrials all saw gains. Growth ETFs like IGV and SMH rebounded, and speculative story stocks like ARKK and ARKG showed mixed results. Stocks nearing buy points include Uber, Eli Lilly, and CrowdStrike. Companies like Nvidia, Broadcom, Micron, and Microsoft drove the major indexes higher, and the 10-year Treasury yield and crude oil futures saw changes. Various ETFs covering different sectors experienced gains. The recommendation during this market rally is to take advantage of opportunities but avoid buying extended stocks, especially in the AI sector. Investors should focus on creating watchlists for actionable stocks and setups. Staying informed about market direction and leading stocks and sectors is essential.