Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed ahead of Tuesday's stock market open.
Nvidia, Palantir Technologies and Tesla were big winners on the stock market today, as the Dow Jones Industrial Average rallied nearly 600 points.
Nvidia jumped 3.2% Monday. Shares have rebounded about 16% from their March 11 lows, but are still below their 50- and 200-day moving averages. Those are key areas to watch in the coming sessions. Nvidia stock edged lower in extended trading.
Palantir stock climbed more than 6% Monday, decisively regaining its 50-day line. Shares are building a new base, but it's early in the process. Palantir is a new IBD Leaderboard position and gained a fraction in evening action.
Finally, Tesla surged nearly 12%, extending a win streak to four sessions. Shares remain 43% off their record high of 488.54, reached on Dec. 18. Tesla stock added 1.3% in evening trading.
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Trump Tariff News
News reports that President Donald Trump has narrowed the focus of April 2 "Liberation Day" tariffs sent the stock market sharply higher Monday.
That day will now be devoted to unveiling reciprocal tariffs meant to level the playing field with countries that have a big trade surplus with the U.S. But both The Wall Street Journal and Bloomberg reported that plans to roll out tariffs on autos, semiconductors and prescription drugs on the same day have been shelved for now.
Later in the week, Wall Street will shifts its attention to the Federal Reserve's key inflation rate for February.
The core personal consumption expenditures index, or PCE, scheduled for Friday, is expected to rise 0.33% on the month and 2.7% from a year ago, according to FactSet. The inflation data is part of the personal income and outlays report, expected to show income up 0.35% and spending up 0.2%.
Earnings season is winding down, but a few notable companies that are reporting this week include McCormick, Lululemon Athletica, RH, Dollar Tree and GameStop.
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Dow Jones Futures Today: Oil Prices, Treasury Yields
On Monday, the Dow Jones Industrial Average rallied 1.4%, or 597 points, while the S&P 500 gained 1.8% and the Nasdaq rose 2.3%.
Ahead of Tuesday's opening bell, Dow Jones futures, along with S&P 500 futures and tech-heavy Nasdaq 100 futures, were little changed. Remember that overnight action in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
On Monday, the 10-year U.S. Treasury yield ticked higher to 4.33%. And oil prices rose, as West Texas intermediate futures settled around $69.20 a barrel.
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Breakout Stocks To Watch, Earnings Movers
Among breakout stocks Monday, Catalyst Pharmaceuticals topped a 24.64 buy point, with a 6.2% gain in big volume.
Meanwhile, IBD Stock Of The Day Heico finished just shy of a 270.37 entry.
Late Monday, KB Home plunged nearly 6% in evening trading after the company reported weaker-than-expected Q1 earnings and sales numbers.
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What To Do Now After Dow Jones Rally
Following Monday's bullish stock market action, now is an important time to read IBD's The Big Picture column for the updated exposure level.
On Monday's "IBD Live" show, the team discussed the current trading conditions of the stock market action.
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An essential resource for daily breakouts is IBD MarketSurge's "Breaking Out Today" list. It shows MarketSurge Growth 250 stocks that are breaking out past buy points. Meanwhile, the MarketSurge "Near Pivot" list shows more stocks nearing buy points in bases.
To find more stock ideas, check IBD Stock Lists like the IBD 50, Big Cap 20 and Stocks Near A Buy Zone. These features identify bullish patterns and buy points and are available to check every day.
Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
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