The Dow Jones Industrial Average and the other major stock indexes declined Tuesday as interest rates continued to rise. Bucking the tide was Nvidia, which struggled to add to record-setting gains on the stock market today.
After the opening bell, the Dow Jones Industrial Average fell 0.4%, as did the S&P 500. The tech-heavy Nasdaq composite moved down 0.3% in early trading.
Early Tuesday, the 10-year Treasury yield moved above 4.2% for the first time in three months before paring gains to trade around 4.18%. Oil prices extended their gains, with West Texas Intermediate futures trading around $70.70 per barrel.
Among exchange traded funds, the Invesco QQQ Trust was down 0.3%, while the SPDR S&P 500 ETF fell 0.4% after the open.
Nvidia, Apple And Tesla Highlight How To Handle The Stock Market Today
Stock Market Today
Nvidia stock rallied 4.1% Monday, hitting another record high, and moving past a conventional buy point of 140.76. Shares also are gaining traction above a 131.26 alternative entry. But the artificial intelligence leader gave up 0.3% in early trading.
Key earnings movers Tuesday morning include 3M, General Motors, GE Aerospace, Lockheed Martin, PulteGroup and Verizon Communications.
3M stock reversed modestly lower in morning trading, while shares of GM rallied more than 7%. GE stock tumbled 6.8%, as Lockheed shares declined 4%. PulteGroup was down more than 5% in morning action, while Verizon dropped 5%.
Nvidia Stock Topples Microsoft, But Apple Still Reigns Supreme
Best Stocks To Watch
On Monday, the Dow Jones Industrial Average declined 0.8%, while the S&P 500 dipped 0.2%. And the tech-heavy Nasdaq composite rose 0.3%.
During Monday's IBD Live show, the IBD Live team discussed the current trading conditions and how investors should handle the stock market action.
Among the best companies to watch on the stock market today are MercadoLibre, Texas Roadhouse, Uber Technologies and United Therapeutics.
Notable Dow Jones components are Amazon.com, Apple, JPMorgan Chase and Microsoft.
Apple and MercadoLibre featured in this Stocks Near A Buy Zone column.
There were five new stocks on IBD MarketSurge's "Breaking Out Today" list Monday. Notably, Marex topped a 26.03 flat-base buy point. Check for more names on the site's "Near Pivot" list. To find additional stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.
Nvidia Teases Record Breakout. It's Just One Of 19 'Perfect' Stocks.
Dow Jones: JPMorgan Nears Buy Point
Dow Jones financial leader JPMorgan closed below a flat base's 225.48 buy point, according to MarketSurge pattern recognition. Shares were up 0.4% on the stock market today.
Outside the Dow Jones index, restaurant leader Texas Roadhouse decisively reclaimed a 177.72 flat-base entry during last week's gains. Shares dropped 0.9% Tuesday.
Retail giant MercadoLibre is working on a flat base with a 2,161.73 buy point. The stock is also finding support along the 50-day moving average. Shares fell 1% Tuesday.
Uber Technologies has fallen sharply below an 82.14 buy point in a consolidation amid a five-day losing streak. Following Monday's rebound, Uber stock edged higher Tuesday morning.
Finally, United Therapeutics is in buy range above a 366.08 buy point following last week's breakout. The biotech holds high scores from Investor's Business Daily, placing it in an elite trifecta: The Big Cap 20, IBD Leaderboard and SwingTrader. Shares declined almost 1% Tuesday.
This 'Big Daddy' Smashes All Mag 7 Stocks Except Nvidia. Now Watch For This.
Stock Market Today: Companies To Watch
These are four stocks in or near buy zones in today's stock market.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Ferrari | 498.23 | Flat base | |
| Taiwan Semiconductor | 175.45 | Cup with handle | |
| ServiceNow | 850.33 | Flat base | |
| Uber Technologies | 82.14 | Consolidation |
Source: IBD Data as of Oct. 14
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Magnificent Seven Stocks: Alphabet, Meta, Tesla
Among Magnificent Seven stocks, Alphabet rose 0.5% while Meta Platforms dropped 0.1% on the stock market today.
Google-parent Alphabet is finding support around the 50-day moving average. The stock remains well below prior highs. Meta stock hit a new high in recent weeks, rising further above a 544.23 alternate entry.
Tesla shares remain below their 50-day line following sharp losses in recent weeks, as they declined another 0.9% Tuesday. The electric-vehicle giant will report earnings after the close Wednesday.
Dow Jones Leaders: Amazon, Apple, Microsoft
Among Dow Jones components in the Magnificent Seven, Amazon shares are bouncing from their 50-day line, near a 195.37 buy point in a cup with handle. The stock lost 0.3% Tuesday.
Apple stock broke out last week above a 233.09 cup-with-handle entry and is above that buy trigger. Shares moved 1.4% lower Tuesday.
Microsoft shares are trying to regain their 50-day line and are near a handle buy point at 441.85. And on Tuesday morning, the stock rose 1.1%.
Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on growth stocks, the Dow Jones Industrial Average and the stock market today.
