The Dow Jones Industrial Average and other major indexes traded lower Tuesday, as Wall Street awaited the start of the Federal Reserve's two-day policy meeting. Meanwhile, Nvidia was an early loser on the stock market today following Monday's DeepSeek crash.
After the opening bell, the Dow Jones Industrial Average inched lower, while the S&P 500 fell 0.1%. The tech-heavy Nasdaq composite dropped 0.2% in morning trades.
The 10-year Treasury yield ticked higher to 4.57% early Tuesday. And oil prices bounced, with West Texas Intermediate futures trading around $74 per barrel.
Among exchange traded funds, the Invesco QQQ Trust fell 0.1%, as did the SPDR S&P 500 ETF after the open.
Nvidia crashed nearly 17% Monday, breaking below its 50- and 200-day moving average lines, a key sell signal, and erasing $589 billion in value. The artificial intelligence giant reversed from early gains to fall 1.5% in morning trading Tuesday as Wall Street continued to digest the impact of China's DeepSeek.
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Stock Market Today: Fed Meeting Kicks Off
This week's big economic news is the Federal Reserve's interest rate decision on Wednesday. Markets currently don't expect a rate cut until June, though the May meeting is a close call. Meanwhile, Fed Chairman Jerome Powell's news conference will shape expectations for the subsequent Fed meeting in March and in the months to come.
Elsewhere, key earnings movers Tuesday morning include Boeing, General Motors, Lockheed Martin and Royal Caribbean.
Boeing shares gained 4% in early trading, while General Motors stock lost 9%. Lockheed Martin tumbled more than 6%. And Royal Caribbean jumped more than 4%, nearing a 258.70 flat-base entry.
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Dow Jones Rises
On Monday, the Dow Jones Industrial Average climbed 0.7%, while the S&P 500 sold off 1.5% and the Nasdaq tumbled 3.1%.
Among the best companies to watch in the current stock market are Meta Platforms, Netflix and Spotify.
Along with Apple and Nvidia, Dow Jones components making notable moves were Amazon.com, 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, according to MarketSurge pattern recognition, with a 2.8% rally Monday. Shares dipped 0.3% Tuesday.
Outside the Dow Jones index, social media platform Meta is past a 638.40 entry and in buy range. And Meta stock added 1.3% in Tuesday's trading.
Streaming giant Netflix is in a buy zone past a 941.75 buy point in a flat base following last week's earnings-fueled gains. Shares rose 0.1% Tuesday.
Meanwhile, Spotify is also in buy range past a flat base's 506.47 entry amid a five-day win streak. Shares tacked on 1.5% Tuesday morning.
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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
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Tesla Stock Skids
Tesla skidded another 2.3% Monday, still trying to find support at the 50-day line. A decisive rebound would put the Elon Musk-led company in a new buying area. Meanwhile, shares are almost 19% off their 52-week high.
Tesla stock sank 2.6% in morning trades Tuesday.
Dow Jones Leaders: Amazon, Apple, Microsoft
Besides Nvidia, another Dow Jones component in the Magnificent Seven is Amazon stock, which rallied last week to break out above a 233 buy point in a flat base. That's a new buying opportunity for the e-commerce giant. It fell 0.1% Tuesday.
Shares of Apple rallied 3.2% Monday, rebounding from their recent lows. Shares added another 2.3% early Tuesday.
Microsoft shares dropped 0.5% Tuesday morning. On Monday, the software giant found support at its 50-day moving average despite a big decline.
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.
