The Dow Jones Industrial Average and other major stock indexes traded mixed Tuesday, as China retaliated against President Donald Trump's tariffs. One stock that managed a big gain on the stock market today was Palantir Technologies, which soared after the company reported earnings.
After the opening bell, the Dow Jones Industrial Average fell 0.2%, while the S&P 500 gained 0.2%. The tech-heavy Nasdaq composite moved up 0.5% in early morning trades.
The 10-year Treasury yield ticked higher to 4.59% early Tuesday. And oil prices dropped, with West Texas Intermediate futures trading around $71.65 per barrel.
Among exchange traded funds, the Invesco QQQ Trust was up 0.5%, as the SPDR S&P 500 ETF rose 0.2% after the open.
Shares of Palantir catapulted higher Tuesday morning in the wake of the company's fourth-quarter earnings report, which came after the market close Monday. Palantir stock surged 27% in morning trading, hitting a fresh record high.
Late Monday, Palantir reported earnings and sales that easily beat Wall Street estimates due to strength in its U.S. government and commercial businesses. Its full-year 2025 revenue outlook also beat expectations amid buzz over artificial intelligence stocks.
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Trump Tariffs On China Go Into Effect; China Retaliates
Early Tuesday, China said it will impose new tariffs on limited U.S. imports after U.S. tariffs on Chinese goods took effect. China said it would implement a 15% tariff on coal and liquefied natural gas products and a 10% tariff on crude oil and agricultural machinery. The tariffs are set to go into effect Feb. 10.
Late Monday, President Trump granted Canada a one-month reprieve after Prime Minister Justin Trudeau announced a $1.3 billion plan to stop drug smuggling across the northern U.S. border.
In stocks, Ferrari, Merck, PayPal, Pfizer and Spotify were big earnings movers.
Ferrari stock raced 6.5% higher in early action, while Merck plunged 10%. Shares of PayPal lost nearly 9%, as Pfizer stock rallied almost 1%. Finally, Spotify surged more than 7% after the opening bell.
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Stock Market Today: Dow Jones Slides
On Monday, the Dow Jones Industrial Average dropped 0.3%, while the S&P 500 sold off 0.8% and the Nasdaq tumbled 1.2%.
Among the best companies to watch in the current stock market are Netflix, Royal Caribbean and Shopify.
Along with Apple and Nvidia, Dow Jones components making notable moves were Amazon, Microsoft and Walmart.
Meta and Walmart are featured in this Stocks Near A Buy Zone column.
Check out IBD MarketSurge's "Breaking Out Today" list for top growth stocks that are moving above correct buy points. Check for potential breakouts on the "Near Pivot" list. To find additional stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.
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Dow Jones: Walmart Breaks Out
Dow Jones retail giant Walmart broke out past a flat base's 96.18 buy point last week and is in buy range, according to MarketSurge pattern recognition. Shares gained 0.7% Tuesday.
Outside the Dow Jones index, streaming giant Netflix is in a buy zone past a 941.75 entry in a flat base following recent gains. Shares climbed 0.5% Tuesday.
Cruise operator Royal Caribbean gave up some gains Monday, holding just above a 258.79 flat-base entry. The stock moved up 1.3% Tuesday morning.
Shopify fell below a 115.37 double-bottom entry during Monday's 2.1% drop. Shopify shares bounced 2.3% Tuesday, looking to retake the entry.
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Stock Market Today: Companies To Watch
These are four stocks in or near buy zones in today's stock market, including a Dow Jones leader.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Netflix | 941.75 | Flat base | |
| Walmart | 96.18 | Flat base | |
| Spotify | 506.47 | Flat base | |
| Meta Platforms | 602.95 | Flat base |
Source: IBD Data as of Jan. 28
Nvidia Got Spanked, But This AI Big Daddy Soars 194% — And Counting
Nvidia, Tesla Look To Bounce
Artificial intelligence titan Nvidia tumbled nearly 3% Monday, hitting its lowest level since September. Shares of the Dow Jones component are sharply below their 50- and 200-day moving averages. Nvidia stock rose 1.6% Tuesday.
Finally, Tesla tumbled 5.2% Monday to break below the 50-day line in above-average volume. That's a key level to watch for the Elon Musk-led company. Shares are about 22% off their 52-week high. Early Tuesday, Tesla stock moved up 0.7%.
Dow Jones Leaders: Amazon, Apple, Microsoft
Besides Nvidia, another Dow Jones component in the Magnificent Seven is Amazon stock, which is in buy range above a 233 entry in a flat base. That's a new buying opportunity for the e-commerce giant. It rose 0.8% in morning action Tuesday after hitting a new high last week. Earnings are due out Thursday after the close.
Apple shares tumbled 3.4% Monday to extend a losing streak to three sessions. Shares bounced 0.4% Tuesday.
Finally, software giant Microsoft moved up 0.1% Tuesday. Shares plunged below their 50-day line last week after the company's earnings results.
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.
