Stock futures remain largely unchanged as the Dow Jones Industrial Average hits a new record high. This comes after a second consecutive day of market gains, with the Dow rising 0.04%, the S&P 500 up 0.5%, and the Nasdaq Composite climbing 0.9%. Tech stocks, in particular, saw a strong rally on Monday, continuing their upward trend from Friday. Despite last week's sell-off led by software and megacap tech fears, the market has shown resilience, recovering above its 50-day and 100-day moving averages. This recovery is seen as a bullish sign by traders, with many asset classes outperforming the S&P 500 index. However, iCapital's Sonali Basak warns of a choppy market, suggesting selective investing will be key to success. The earnings season continues with major reports from Coca-Cola, Hasbro, and Spotify, while investors await the retail sales report, jobs report, and consumer price index for further market insights.
