
As U.S. traders return from the Presidents Day holiday, stock futures indicate a positive start to the shortened trading week. S&P 500 futures are up 0.2%, Dow Jones Industrial Average futures have added 0.1%, and Nasdaq 100 futures are rising by 0.3%.
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The S&P 500 is approaching its all-time high, with the Nasdaq and Dow Jones also near their peaks. Growth ETFs have been hitting record levels, although small-cap stocks continue to face challenges. Notably, AI giants Amazon and Broadcom are nearing buy points, with Axon Enterprise also showing potential.
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Despite a calm facade in the S&P 500 index, with a modest year-to-date gain of 4%, underlying stocks have experienced significant turmoil. This includes shocks from Chinese AI advancements and the Trump administration’s tariff wars. While overall market volatility remains low, individual stock fluctuations have been more pronounced.
Investors are advised to stay prepared and nimble, ready to adapt to market movements, especially in light of upcoming economic and earnings reports that could influence market actions this week.
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Key Market Updates as Trading Resumes