Posted 12/1/2023, 11:04:00 PM
Stocks Hit New Highs as Rally Broadens and Treasury Yields Retreat
- Dow Jones futures open Sunday evening along with S&P 500 futures and Nasdaq futures as the stock market rally continues.
- The Dow Jones hit a 52-week high while the S&P 500 set a 2023 closing high and Nasdaq not far behind, signaling a broader advance.
- Arm Holdings, United Rentals, D.R. Horton, TopBuild, InterContinental Hotels, Marriott Worldwide and Palantir Technologies are flashing buy signals.
- The 10-year Treasury yield fell to a 3-month low while the 2-year yield plunged, signaling investors expecting Fed rate cuts.
- Broadening rally with small caps and various sectors gaining momentum is a great sign that uptrend can continue even if some tech titans pause.