Dow Jones Futures Fall After Big Rally; Apple, Boeing In Buy Areas, But Market Is Still Divided

2026-02-14 07:09:51

Dow Jones futures edged lower early Monday, along with S&P 500 futures and Nasdaq futures.

The stock market rally had a strong, broad rebound Friday, with bitcoin surging following massive losses. The Dow Jones hit a record high above 50,000 as many sectors are thriving. The S&P 500 rallied back above its 50-day moving average. But the Nasdaq remains below the key level, down solidly for the week.

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Dow Jones giants Boeing (BA), JPMorgan Chase (JPM) and Apple (AAPL) flashed buy signals Friday.

So did AI infrastructure plays GE Vernova (GEV), Ciena (CIEN) and Nvidia (NVDA) chipmaker Taiwan Semiconductor (TSM). Markets see a tailwind from Google-parent Alphabet (GOOGL) and Amazon.com (AMZN) forecasting blowout capital spending this year.

But the market remains divided. That’s harder to navigate.

The delayed January jobs report is due Wednesday morning, with CPI inflation report set for Friday. Earnings season remains active.

Hims & Hers Health (HIMS) dived early Monday after it stopped offering a new compounded copycat of oral Wegovy, the weight-loss pill made by Novo Nordisk (NVO). The FDA signaled a crackdown. Novo Nordisk stock jumped.

GE Vernova stock and Google are on Leaderboard. Google stock is on the IBD 50. Taiwan Semiconductor stock is on IBD Sector Leaders. Boeing was Friday’s IBD Stock Of The Day.

Dow Jones Futures Today

Dow Jones futures edged lower vs. fair value. S&P 500 futures lost a fraction and Nasdaq 100 futures fell 0.2%.

The 10-year Treasury yield edged up to 4.24%.

Bitcoin fell modestly to just above $69,000.

Crude oil futures rose slightly.

The Nikkei jumped 3.9%. Japanese Prime Minister Sanae Takaichi’s coalition won a parliamentary supermajority in Sunday’s snap elections. That should mean more aggressive fiscal policy to boost the economy and deeper U.S. ties, but also raise concerns about the yen and long-term debt sustainability.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze leading stocks and the market on IBD Live

Stock Market Rally

The stock market rally saw significant tech losses, while much of the market had a strong performance.

The Dow Jones Industrial Average jumped 2.5% in last week’s stock market trading, hitting a record high Friday and topping the 50,000 level The S&P 500 index edged down 0.1% but rallied 2% on Friday to reclaim its 50-day line. The Nasdaq composite lost 1.8%, still some distance below the 50-day. The small-cap Russell 2000 gained 2.2%, thanks to Friday’s 3.6% bounce off the 50-day line.

The Invesco S&P 500 Equal Weight ETF (RSP) bounced 2.1% to a new high.

Software and crypto-related stocks dived last week, though they bounced with the market on Friday. But it’s unclear if Friday was just a blip or something meaningful.

Google stock fell solidly and Amazon plunged on massive capital spending plans, but that should be good news for many AI infrastructure firms. Many such AI stocks made bullish moves Friday, including Ciena, Nvidia, Taiwan Semiconductor and GE Vernova.

Meanwhile, regional banks, aerospace and industrial firms, travel and transportation names, consumer staples, many medicals and more are acting well.

The 10-year Treasury yield fell 3.5 basis points to 4.205%.

U.S. crude oil futures 2.55% to $63.55 a barrel for the week.

Bitcoin surged 10.1% on Friday but still fell 16.5% to $70,008.21 for the week. Late Thursday, the bitcoin price nearly hit $60,000, the lowest since October 2024.

Hims & Hers Stops Offering Knockoff Wegovy Pill After Two Days: Here’s Why

ETFs

Among growth ETFs, the iShares Expanded Tech-Software Sector ETF (IGV) dived 8.7%. The VanEck Vectors Semiconductor ETF (SMH) edged down 0.45%, with Nvidia stock and Taiwan Semiconductor huge holdings.

ARK Innovation ETF (ARKK) tumbled 6% last week and ARK Genomics ETF (ARKG) sank 5.4%.

SPDR S&P Metals & Mining ETF (XME) rose 3.2% last week. U.S. Global Jets ETF (JETS) soared 11.5%. SPDR S&P Homebuilders ETF (XHB) jumped 8.2%. The Energy Select SPDR ETF (XLE) advanced 4.3% and the Health Care Select Sector SPDR Fund (XLV) was up 1.9%. The Industrial Select Sector SPDR Fund (XLI) popped 4.9%, with Boeing stock and GE Vernova major components.

The Financial Select SPDR ETF (XLF) rose 1.5%, boasting JPMorgan stock as a key position. The SPDR S&P Regional Banking ETF (KRE) ran up 7%.

Best Growth Stocks To Buy And Watch

Dow Stocks In Buy Areas

Boeing stock climbed 4% to 243.03 for the week, back above a 242.69 buy point on Friday. Investors also could use the Jan. 27 high of 254.35 as a high handle entry.

Apple stock leaped 7.2% to 278.12 last week, running above the 50-day line and just above a short-term high of 277.84. The official cup-base buy point is 288.62. Shares have rallied since the iPhone giant reported an 18% EPS gain for the holiday Q1, the third straight quarter of accelerating growth.

JPMorgan stock gained 5.4% to 322.40, with Friday’s move above the 50-day line offering an early entry in an emerging base. JPM stock also topped some prior bases’ buy points, according to MarketSurge.

AI Infrastructure Stocks In Buy Zones

GE Vernova stock jumped 7.3% to 779.35, above a 731 flat-base buy point. Friday’s gains pushed the gas turbine maker out of the buy zone, though investors could start a position.

Ciena stock rose 7.75% to 271.32 in a volatile week, with nearly all the gain coming Friday. Ciena stock is above a 261.13 ascending-base buy point.

Taiwan Semiconductor gained 347.37% to 348.85 for the week after rebounding from the 10-week line. TSM stock cleared the bulk of a short consolidation above a prior base. Taiwan Semi will report January sales on Tuesday, relevant for Nvidia, AMD (AMD), Broadcom (AVGO), Apple and more. For its part, Nvidia stock jumped 7.9% on Friday, with the Dow tech titan reclaiming the 50-day line but below key short-term levels.

What To Do Now

Friday’s big market rally was encouraging. For many sectors, that just reinforced bullish trends. The massive capital spending from Google, Amazon and other titans raise hopes that AI infrastructure plays will regain their footing.

Software and crypto sectors need a lot of repair work.

Friday’s buying opportunities offered a chance to add back some exposure. Just be ready to step back if the still-divided market falters again.

Definitely work on watchlists.

Earnings season remains heavy, with Cisco Systems (CSCO), Arista Networks (ANET), McDonald’s (MCD), Coca-Cola (KO), Marriott (MAR), Robinhood (HOOD), Applied Materials (AMAT) and Vertiv (VRT) among the notable reports.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

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