Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. Bitcoin pulled back Sunday after topping $61,000 for the first time ever.
The stock market remains split, but the rally is broadening out significantly, with more and more stocks from a variety of sectors breaking out. The one notable exception is Nasdaq and growth stocks, but even they had a tentatively positive week.
Delta Air Lines (DAL), Las Vegas Sands (LVS) and Marriott International (MAR) are among several travel stocks setting up bullishly in similar patterns, with United Airlines (UAL) already clearing a fresh buy point.
Eli Lilly (LLY) released more details Saturday from a phase two study showing its drug donanembab slowed cognitive decline in early Alzheimer’s patients by 32% over 18 months. That headline figure was released in January, sending LLY stock soaring. The more complete data were released at a conference and published in the New England Journal of Medicine. Certain other secondary goals were mixed.
LLY stock soared on the preliminary study results in January. It’s now in a flat base with a 218.10 buy point, finding support at its 21-day exponential moving average.
Volkswagen (VWAGY) will hold a battery-focused Power Day event before U.S. markets open on Monday, akin to Tesla’s Battery Day last year. VW earnings are due Tuesday, while the ID.4 crossover launches in China and the U.S. later this month. VW is leading the charge of traditional automakers rushing into electric vehicles. All of that could pressure Tesla sales and prices, as well as Tesla stock. VW stock has been soaring in recent months, outpacing fast-rising General Motors (GM) and Ford Motor (F).
