Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded little changed ahead of Tuesday's open. The stock market ended sharply higher Monday, rebounding from Friday's sell-off.
Meanwhile, Palantir Technologies jumped 4% on better-than-expected Q2 results after the close. The company also issued strong Q3 sales guidance and raised its full-year sales outlook.
Elsewhere, Figma, Nvidia, Spotify and Tesla were big movers on the stock market Monday.
Figma cratered more than 27% Monday. Last Thursday, Figma soared in its first day of trading after its initial public offering, up 250% from its listing price. Figma stock is one of the highest-profile IPOs this year.
On the upside, IBD Leaderboard stock Nvidia snapped back after two days of losses, rallying 3.6%. Nvidia stock is about 18% above a 153.13 buy point.
Spotify jumped 5% after the streaming music leader announced plans to raise the price of its premium subscription service in multiple markets outside the U.S.
Finally, Tesla raced 2.2% higher after the firm's board approved an interim stock award of 96 million shares for CEO Elon Musk early Monday, calling it a "good faith" first step and setting the price per share for Musk to exercise his 2018 CEO award package.
Find The Next Palantir, Nvidia Or Hot IPO. Here's How.
Stock Market Today: Economic Data, AMD, Astera Earnings
After Friday's July jobs report raised concerns, the Institute for Supply Management services index on Tuesday will highlight the coming week's economic data. Economists are looking for the index to rise to 52.2 from 50.8 in June, an indicator of accelerating expansion.
Key earnings reports this week include Advanced Micro Devices and Astera Labs, along with Dow Jones names Caterpillar, Amgen, Disney and McDonald's.
Here's How To Analyze Stocks Like Nvidia In Bull And Bear Markets
Dow Jones Futures Today: Oil Prices, Treasury Yields
On Monday, the Dow Jones Industrial Average rallied 1.3%, or 585 points, while the S&P 500 climbed 1.5% and the Nasdaq composite advanced 2%.
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 4.2%. And oil prices dropped, as West Texas intermediate futures settled near $66.10 a barrel.
As Nvidia Rules, Tesla Slides And These Two Mag 7 Names Do Battle
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.
