Dow Jones Futures: How To Handle The Market Rally Now; Airbus, Apple, Nvidia,

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally continued to press on to new highs last week, with all the key indexes hitting record highs.

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The Nasdaq is getting extended, as Tesla and especially Nvidia (NVDA) surged higher last week, with other EV and chip names also soaring. It’s a time to pay close attention and consider some portfolio management.

Meanwhile, take a closer look at EXPE stock, Airbnb (ABNB), Booking Holdings (BKNG), Apple (AAPL), Moderna (MRNA) and Peloton Worldwide (PTON).

Expedia (EXPE), Airbnb and BKNG stock all broke out Friday, buoyed by strong results last week and several positive tailwinds. Covid cases are down sharply, vaccinations are up, travel restrictions are easing while a new Pfizer (PFE) Covid pill offers much-greater treatment for patients who do get the coronavirus.

Travel could be the new hot sector, and far more than online travel sites. Hyatt (H) last week joined several hotel operators breaking out. Even airlines, beset by soaring fuel costs and widespread labor shortages, are starting to bounce back.

Meanwhile, that Pfizer Covid drug news slammed MRNA stock and other Covid vaccine makers. But Moderna stock had flashed several signals in prior months. So did PTON stock, which crashed to a 16-month low Friday on horrible Q3 results.

Finally, Apple stock now has a cup-with-handle buy point. But the AAPL chart shows an important flaw.

Tesla, Nvidia and ABNB stock are on IBD Leaderboard. Nvidia stock and Tesla are on the IBD 50.

The video embedded in this article analyzed the market action and reviewed Airbnb, EXPE stock and Moderna.

Dow Jones Futures Today

Dow Jones futures will open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.

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 actionable stocks in the stock market rally on IBD Live

Coronavirus Cases

Coronavirus cases worldwide reached 249.84 million. Covid-19 deaths topped 5.05 million.

Coronavirus cases in the U.S. have hit 47.28 million, with deaths above 773,000.

Stock Market Rally

The stock market rally had yet another strong performance, with the major indexes rising for the fifth straight week. The Dow Jones Industrial Average climbed 1.4% in last week’s stock market trading. The S&P 500 index rose 2%. The Nasdaq composite popped just over 3%.

The small-cap Russell 2000 surged 6%.

The 10-year Treasury yield fell 10 basis points last week to 1.45%, despite a Fed taper decision and a strong jobs report.

The two standout stocks of the current market rally, Nvidia and Tesla stock, last week ran up 16% and nearly 10%, respectively. Those follow sharp gains in the prior few weeks. At a combined market cap of nearly $2 trillion, that has had a huge impact on the Nasdaq. Both drifted lower Friday, which is probably healthy.

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) climbed 2.5%, while the Innovator IBD Breakout Opportunities ETF (BOUT) rallied 3.9%. The iShares Expanded Tech-Software Sector ETF (IGV) was…