Dow Jones Futures: Accelerate? Nvidia, Meta, Tesla Near Buy Zones as Fed Looms

Market Rally and Key Stock Movements

Dow Jones futures, S&P 500 futures, and Nasdaq futures are set to open on Sunday evening. The upcoming week is dominated by the Federal Reserve meeting, which will be a major focus for investors. This past week saw the stock market rally reach record highs, with artificial intelligence (AI) leading the charge, although the gains were widespread across various sectors.

Several stocks stood out during this period. Nvidia, GE Vernova, Rocket Lab, Shopify, and Howmet Aerospace all showed strong performance, forming new bases or breaking out of consolidation patterns. Tesla made significant moves, racing through its buy zone, while Meta Platforms is working on establishing a new base ahead of its Connect conference.

On Saturday, China launched two investigations against the U.S. semiconductor industry, just a day before fresh U.S.-China trade talks. This development could have implications for the tech sector and global markets.

Key Stocks on Watchlists

Rocket Lab and GE Vernova are featured on the Leaderboard, while Tesla is highlighted on SwingTrader. Both Rocket Lab and Nvidia are on the IBD 50, and Nvidia is also listed on the IBD Sector Leaders. The video embedded in the article discusses the market rally's weekly action, analyzing stocks like Nvidia, GE Vernova, Rocket Lab, IonQ, and Oklo.

Federal Reserve Meeting: What to Expect

The Federal Reserve meeting is scheduled for September 16-17. Markets are anticipating a quarter-point rate hike on Wednesday afternoon, with a 75 basis point increase expected for the full year. Investors will be closely watching for signals from Fed Chair Jerome Powell that may indicate a dovish stance. Although markets predict further rate cuts in 2026, Powell and his colleagues may be hesitant to implement such measures. However, there are speculations that President Donald Trump could influence a significant change in the Federal Open Market Committee (FOMC) by early 2026.

Dow Jones Futures Today

Dow Jones futures will open at 6 p.m. ET on Sunday, along with S&P 500 and Nasdaq 100 futures. It's important to note that overnight trading in these futures does not always translate into actual trading in the next regular stock market session.

Stock Market Rally Highlights

The recent stock market rally saw strong gains across major indexes, all hitting record highs. Oracle fueled AI optimism, but economic data reinforced expectations for a Fed rate cut on September 17, with more cuts anticipated this year.

The Dow Jones Industrial Average rose 0.95% last week, the S&P 500 gained 1.6%, and the Nasdaq composite increased by 2%. The small-cap Russell 2000 advanced 0.25%, hitting a nine-month high on Thursday. The Invesco S&P 500 Equal Weight ETF edged up 0.3%, hitting a record high before pulling back on Friday.

ETF Performance

Among growth ETFs, the Innovator IBD 50 ETF jumped 4.2% last week, while the iShares Expanded Tech-Software Sector ETF gained 3.3%. The VanEck Vectors Semiconductor ETF leaped 3.8%, with Nvidia as a dominant holding. The ARK Innovation ETF bounced 4.25%, and Tesla remains the top holding across ARK Invest.

Best Growth Stocks to Buy and Watch

Several stocks are near their buy points. Nvidia stock rose 6.5% last week, regaining the 50-day moving average. GE Vernova stock surged 7.5%, also above the 50-day line. Shopify stock fell slightly but still has a new flat base with a 156.85 buy point. Howmet Aerospace stock rose 4.25%, with a 193.26 buy point from a shallow cup base.

Rocket Lab stock soared 16.4%, breaking out past a 50.92 cup-with-handle base. Meta stock edged up 0.4%, holding above the 50-day line, with analysts expecting updates on AI integration at its Connect conference.

Tesla stock vaulted 12.85%, its best weekly gain since late April, running past the 367.71 consolidation buy point. Despite no major news, Tesla's bullish technical moves have attracted investor attention.

What to Do Now

The stock market rally continues to advance, with AI leading the way. Speculative stocks like Rocket Lab, Oklo, IonQ, and Tesla are gaining momentum, though not all stocks are seeing similar gains. Major indexes are not extended from their 50-day moving averages after several weeks of choppy trading.

This is a time to be heavily invested, focusing on high-octane names. However, it's important to avoid buying extended stocks. If market conditions change, investors should be ready to adjust their strategies.

The Federal Reserve meeting and its rate-cut outlook will dominate the coming week. Staying informed with daily market analysis is crucial for navigating the current environment. Following expert insights on platforms like Threads and X/Twitter can provide valuable updates.