The Dow Jones Industrial Average rose 0.6% at 1:30 p.m. ET on Tuesday, adding 200 points, while other major indexes held moderate gains.
The National Federation of Independent Business' Small Business Optimism Index rose to 91.0 in June from 89.4 in May. Wednesday's consumer price index report is on watch for a new look on inflation.
The S&P 500 gained 0.3% at the hour. The Nasdaq rose 0.2%. The major indexes were off session lows.
The Nasdaq said it plans to rebalance the Nasdaq 100 index to "address overconcentration in the index by redistributing the weights." The changes will be announced on Thursday and will come into effect on July 24.
Volume on the NYSE rose but fell on the Nasdaq, compared with the same time on Monday.
The small-cap Russell 2000 added 0.4%, while the Innovator IBD 50 ETF saw a 0.3% decline.
Crude oil rose more than 1% to trade at $74.06 a barrel. The yield on the benchmark 10-year Treasury note fell three basis points to 3.97%.
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Dow Jones Stocks Today
The highlight in the Dow today is Caterpillar. The stock, which is also an IBD SwingTrader pick, is breaking out of a cup-with-handle buy point of 250.89. Volume is easing from earlier levels. The relative strength line is lagging, which is a negative.
Shares of Apple slipped despite a price-target upgrade from KeyBanc analysts to 200 from 180. The tech titan is tracking the 21-day exponential moving average, as seen in IBD MarketSmith chart analysis.
Salesforce gapped up as it works on a flat base. The company will increase prices for its cloud products in August by an average 9%. Shares are near a 225 entry.
JPMorgan Chase rose on an upgrade from Jefferies to buy from hold with a higher price target of 165 from 149.
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Stocks Moving Today
In the stock market today, IBD Leaderboard stock Generac rose back above its 141.54 buy point, which it initially cleared on June 27.
Zscaler reversed higher after the cybersecurity play rebounded from its 50-day line in Monday's stock market. The recent IBD Stock Of the Day and SwingTrader play cleared a trendline as well with an entry near 146.
Shares of Amazon.com rose after Wells Fargo analyst Ken Gawrelski added the cloud and e-commerce giant to the firm's list of "signature picks." Shares formed a bullish three-weeks-tight pattern with a 131.85 entry and are finding support at the 21-day moving average. Amazon's Prime Day event runs today and tomorrow.
Enterprise software stocks broke out amid an ongoing AI rally. Dynatrace — on IBD Leaderboard and SwingTrader — broke out of a flat base with a 52.99 entry. Volume is tracking well above average, a good sign.
Datadogticker symb=DDOG] also broke out and is above a 103.80 buy point. The buy zone goes to 108.99. The relative strength line made a new high since the base started forming, which is a good sign.
PepsiCo, Delta Air Lines and chip testing equipment maker Aehr start off the earnings season on Thursday. Big banks follow on Friday, with Wells Fargo, Citigroup and JPMorgan Chase announcing.
PepsiCo is in a flat base but remains below its 50-day line. Aehr is approaching a 40.69 buy point. Dow Jones component JPMorgan is in a buy zone from a 141.78 buy point.
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