Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded little changed ahead of Tuesday's open. The stock market is awaiting results from U.S.-China trade talks that kicked off in London Monday.
Amazon, Circle Internet, Palantir Technologies and Tesla were among the winners on the stock market today, as the Dow Jones Industrial Average inched lower.
Amazon stock broke out past a 214.84 buy point in a cup with handle, with a 1.6% gain. But volume was below average, a sign of weak institutional demand. Shares of the e-commerce giant edged lower in after-hours trading.
Stablecoin issuer Circle continued to surge, with a 7% advance Monday. Last week, the company's shares shot up 168% in Thursday's trading debut, raising $1.1 billion in an initial public offering after selling an upsized 34 million shares at an above-range price of $31 per share. Circle stock added 1.5% late Monday.
Palantir stock is moving further above a 125.25 cup-with-handle entry following Friday's retake of that level, according to IBD MarketSurge. But the stock eased 0.3% in extended trading Monday.
Finally, Tesla stock rebounded another 4.6% Monday, adding to Friday's gain. Shares are back above their 200-day line, which they gave up during Thursday's 14.3% plunge. The stock tacked on 2% in extended trading Monday.
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Stock Market Today: U.S.-China Trade Talks, Inflation Data
Treasury Secretary Scott Bessent and other top Trump officials met with Chinese counterparts in London. That follows Trump's call with President Xi Jinping on Thursday.
Two big inflation reports this week will be scrutinized for upward pressure on prices from the Trump tariffs. The consumer price index for May, due Wednesday, is expected to show a 0.3% monthly rise in core prices, according to FactSet. That's about twice the 0.14% rise in May 2024, so the 12-month core inflation rate should increase to 2.9%.
Then comes the producer price index on Thursday. The PPI is expected to rise 0.2% on the month, with an annual increase of 2.6%, per Econoday estimates.
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Dow Jones Futures Today: Oil Prices, Treasury Yields
On Monday, the Dow Jones Industrial Average eased less than 0.1%, while the S&P 500 gained 0.1% and the Nasdaq climbed 0.3%.
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 lower to 4.48%. And oil prices climbed, as West Texas intermediate futures settled near $65.40 a barrel.
Take that, Nvidia. Microsoft Reclaims This Throne.
What To Do Now As Market Rally Continues
Following the ongoing bullish stock market action, now is an important time to read IBD's The Big Picture column. With the stock market in rally mode, investors should be methodically putting their capital to work by buying strong breakouts past correct entries. Check out the latest Big Picture column for today's updated recommended exposure level.
On Monday's "IBD Live" show, the team discussed the current trading conditions of the stock market action.
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.
