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Dow Jones Futures Rise As Nike Surges; 5 New Buys As Biden Infrastructure Deal Fuels Stock Market Rally

June 25 2021
Dow Jones futures rose modestly early Friday, fueled by a soaring Nike stock. S&P 500 futures and Nasdaq futures advanced slightly after a strong session for the stock market rally.

FedEx (FDX) and Nike (NKE) were key movers on earnings overnight while JPMorgan Chase (JPM), Goldman Sachs (GS) and other big financials passed annual stress tests.
 
The Dow Jones led Thursday's gain as President Joe Biden announced a $1 trillion infrastructure deal with a bipartisan group of senators. That lifted Dow component Caterpillar (CAT) as well as a variety of infrastructure-related stocks and ETFs, including Martin Marietta Materials (MLM) and Global X U.S. Infrastructure Development ETF (PAVE).
 
The S&P 500 definitely cleared its June 14 peak, joining the Nasdaq in new-high ground.
 
Several stocks broke out Thursday, including chipmakers Lattice Semiconductor (LSCC) and Kulicke & Soffa (KLIC) as well as Victoria's Secret parent L Brands (LB). Meanwhile, Align Technology (ALGN) and MLM stock offered early entries.

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