The Dow Jones Industrial Average and other major stock indexes traded higher Tuesday, on pace to rebound from Monday's stock market sell-off. Nvidia and Tesla bounced, as the latter is expected to report earnings later in the day.
After the opening bell, the Dow Jones Industrial Average gained 1.5%, or around 550 points. The S&P 500 moved up 1.4%, while the tech-heavy Nasdaq composite climbed 1.7%.
The 10-year Treasury yield ticked lower to 4.38% early Tuesday. Meanwhile, oil prices rose, as West Texas Intermediate futures traded near $63.75 per barrel.
Among exchange traded funds, the Invesco QQQ Trust gained 1.7%, while the SPDR S&P 500 ETF moved up 1.3% after the open.
Tesla stock rallied 3.5% Tuesday ahead of the company's first-quarter earnings, due after the close. Shares of the Elon Musk-led company skidded another 5.8% on Monday and are more than 52% off their record high of 488.54, reached on Dec. 18.
Nvidia stock moved up 2% Tuesday. Shares of the artificial intelligence giant have extended their losses in recent sessions, pushing them further below their 50-day and 200-day moving averages and closer to their early April lows.
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Stock Market Today: Big Earnings Movers
Key earnings movers Tuesday morning include 3M, GE Aerospace and Halliburton. Also on the list were Lockheed Martin, Northrop Grumman, PulteGroup and Verizon Communications,
Shares of 3M jumped 6.3%, as GE stock surged 3.5% in morning action. Halliburton shares dropped 7%. Defense contractors Lockheed and Northrop were sharply lower in morning trading — Lockheed fell 3.3%, and Northrop plunged nearly 12%.
Finally, Pulte stock climbed 6.1%, while Verizon tumbled nearly 3% in early morning trading.
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Dow Jones Tumbles
On Monday, the Dow Jones Industrial Average plunged 2.5%, or 971 points, while the S&P 500 sold off 2.4% and the Nasdaq tumbled 2.6%.
Due to current market volatility, now is an important time to read IBD's The Big Picture column for how to handle the current market and to track the updated exposure level.
Among the best companies to watch in the current stock market are MercadoLibre, Netflix, Spotify and TJX.
Along with Apple and Nvidia, Dow Jones components making notable moves this week were Amazon.com, Microsoft and McDonald's.
Check out IBD MarketSurge's "Breaking Out Today" list for top growth stocks that are moving above correct buy points. Investor also can find 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 Stocks: McDonald's Nears Buy Point
Shares of Dow Jones component McDonald's gained 1.3% Tuesday. The stock is forming a flat base with a 326.32 buy point, according to MarketSurge chart analysis.
Outside the Dow, e-commerce giant MercadoLibre offers a 2,202 buy point in a double bottom, according to IBD MarketSurge. Shares bullishly regained their 50-day line last week. MercadoLibre stock also was up 1.9% Tuesday.
Streaming giant Netflix stock is trying to break out past a 998.70 buy point out of a double-bottom base. Netflix added 5.7% Tuesday.
Music streaming leader Spotify has formed a double-bottom base with a 621.20 buy point. Spotify stock rose 4.8% Tuesday, but it has seen sharp resistance at the 50-day line.
Finally, off-price retailer TJX gave up its 127.58 buy point in a double bottom, with a 2.9% drop Monday. TJX stock added 0.4% in early morning trades.
Keep in mind that now is not a good time to buy stocks amid heavy selling in recent weeks. Further, IBD currently recommends 0% to 20% stock exposure under current conditions.
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Stock Market: Companies To Watch
These are four stocks in or near buy zones in Tuesday's stock market, including a Dow Jones leader.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| McDonald's | 326.32 | Flat base | |
| Spotify | 621.20 | Cup with handle | |
| TJX | 127.58 | Double bottom | |
| Netflix | 998.70 | Double bottom |
Source: IBD Data as of April 21
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Dow Jones Leaders: Amazon, Apple, Microsoft
Magnificent Seven stocks are trying to rebound from lows as Wall Street reacts to the fallout of President Donald Trump's tariffs. One of them, Dow Jones component Amazon, rose 2% early Tuesday, leaving the stock sharply below its 200-day line.
IPhone maker Apple moved up 2.2% Tuesday morning. Its shares recently spiked at their highest level since April 3, but have fallen sharply since then.
Finally, software giant Microsoft gained 0.5% Tuesday. Shares found resistance at their 50-day line last week amid a five-day losing streak.
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.
