Dow Jones futures rose modestly Sunday night, along with S&P 500 futures and Nasdaq futures. The stock market rally hit record highs last week as President Donald Trump finalized a China trade deal with Beijing. Clearing up that uncertainty is good news for current winners such as Apple stock and AMD stock. Boeing (BA) reportedly is mulling cutting or halting 737 Max production, as the Boeing 737 Max grounding pushes into 2020.
Which growth stocks and sectors will join Apple (AAPL), Advanced Micro Devices (AMD) and other 5G wireless plays? Adobe (ADBE) is among a handful of software names to recover. Mastercard (MA) just cleared a buy point, joining other payment stocks. Biotechs are charging ahead, with Amarin (AMRN) set to gap higher on an FDA approval.
Dow Jones Futures Today
Dow Jones futures climbed 0.1% vs. fair value. S&P 500 futures and Nasdaq 100 futures climbed 0.4%. Remember that overnight action in Dow futures, Boeing stock, Amarin stock and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Boeing is considering a halt or cutback in 737 Max output, according to multiple reports. A decision could come as soon as Monday. The FAA’s new chief said last week that the regulator won’t recertify the troubled Boeing 737 Max before 2020. Other reports last said the Dow Jones aerospace giant would delay a Boeing 737 Max production ramp until 2021.
Boeing stock fell 3.5% last week, stuck below 50-day and 200-day moving averages.
Join IBD experts as they analyze Amarin stock and other actionable names on IBD Live on Monday morning. Take a free trial!
China Trade Deal Is Big Lift For Market Rally, Economy
The “very large phase one” China trade deal, as President Trump hailed it, ended the risk of further trade war escalation with new tariffs on Dec. 15 that would have hit the Apple iPhone. Instead, the partial China trade deal includes a rollback of some existing tariffs.
While it still must be…