Stock Market Observes Martin Luther King Jr. Day with Dow Futures Slip

Dow Jones futures, S&P 500 futures, and Nasdaq futures edged lower as U.S. markets were closed, with the stock market rally rebounding last week and several stocks flashing buy signals, including Nvidia, Microsoft, Novo Nordisk, MercadoLibre, and Tradeweb Markets. Meanwhile, Tesla had an ugly week, extending a recent sell-off and breaking key support levels. The market rally got off to a strong start Monday, with the Dow Jones Industrial Average edging up 0.3% in last week's stock market trading, and the S&P 500 index hitting 52-week highs. Microsoft, Novo Nordisk, MercadoLibre, and Tradeweb Markets are among the stocks showing promising movements.