The Dow Jones Industrial Average and other major stock indexes surged Monday after President Donald Trump and the U.S. reached a trade deal with China to slash tariff rates. Meanwhile, Apple, Nvidia and Tesla were among the big winners on the stock market today.
After the opening bell, the Dow Jones Industrial Average jumped 2.5%, or more than 1,000 points. The S&P 500 gained 2.7% as the tech-heavy Nasdaq composite moved up 3.5%.
The 10-year Treasury yield ticked higher to 4.47% early Monday. Meanwhile, oil prices rallied, as West Texas Intermediate futures traded near $63.30 per barrel.
Among exchange traded funds, the Invesco QQQ Trust gained 3.4%, while the SPDR S&P 500 ETF moved up 2.7% after the open.
IPhone maker Apple remains sharply below its 50-day moving average following heavy losses in recent months. But Apple shares soared 4.6% early Monday, looking to extend a winning streak to three sessions.
Nvidia stock jumped 4.3% in morning moves. Shares of the artificial intelligence giant have moved decisively above their 50-day line over the last few trading sessions and are approaching their 200-day line, a key area to watch.
And Tesla raced 6.2% higher in early action Monday following Friday's retake of the long-term 200-day line. Shares are set to open at their highest level since Feb. 25. Led by Chief Executive Elon Musk, the electric-vehicle maker remains around 39% off its record high of 488.54, reached on Dec. 18.
Nvidia Stock — Once Again — Puts The 8 'Secrets' Of Selling In Focus
Stock Market Today: Trump-China Trade Deal News
The U.S. and China will temporarily slash tariff rates on each other in a dramatic de-escalation of a trade war between the world's two largest economies.
The U.S. will cut the 145% tariff on most Chinese imports to 30% by May 14, including a 20% tariff tied to fentanyl. China will cut its 125% tariff on U.S. goods to 10%. The U.S. tariff cuts don't apply to Trump's sectoral duties on steel, aluminum and more.
"We are in agreement that neither side wants to decouple," Treasury Secretary Scott Bessent said Monday. He added that the U.S. and China "had a very robust and productive discussion" on addressing President Trump's fentanyl concerns. Also he said talks might lead to China buy more American-made products.
While this week's focus is primarily on Trump-China trade deal news, other noteworthy releases include the consumer price and producer price indexes, along with U.S. retail sales data.
In stocks, key earnings reports this week include those from Sea Limited, Warren Buffett fintech stock Nu , artificial intelligence play CoreWeave — a recent initial public offering — and Chinese e-commerce giant Alibaba.
Trump Tariffs Trigger Bear Market. Investor Focus Shifts Here.
Dow Jones Falls
On Friday, blue chips on the Dow Jones Industrial Average fell 0.3%, or 119 points. The S&P 500 inched lower, and the Nasdaq composite ended a fraction higher.
Due to current market volatility, now is an important time to read IBD's The Big Picture column for how to handle the current market and to track the updated exposure level.
Among the best companies to watch in the current stock market are Booking, Commvault, Robinhood and Sea Limited.
Along with Apple and Nvidia, Dow Jones components also making notable moves this week were Amazon.com, Microsoft and Boeing.
Check out IBD MarketSurge's "Breaking Out Today" list for top growth stocks that are moving above correct buy points. Investors also can find 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.
Tesla Redeems Itself While Mag 7 Brace For Barrage Of Earnings
Dow Jones Stocks: Boeing Extends Rally
Shares of Dow Jones component Boeing climbed 0.1% Monday, further above a double-bottom entry at 184.40 and just above buy range, according to MarketSurge chart analysis.
Outside the Dow, Booking is holding just shy of a 5,282 buy point in a double bottom. Booking stock moved up 0.7% in morning action.
Recent IBD Stock Of The Day Commvault closed Friday back below a 174.58 double-bottom entry. Commvault shares added 4.7% early Monday.
IBD Leaderboard watch list stock Robinhood has cleared an aggressive alternate entry of 51.07 and is still approaching a 66.91 buy point in an abnormally deep cup base, according to IBD MarketSurge chart analysis. Robinhood shares jumped 5.4% Monday.
Finally, shares of Sea Limited are moving toward a 147.73 consolidation pattern entry despite Friday's sharp drop. Sea stock was up 1.3% Monday morning.
As Wall Street Whipsaws, What's An Investor To Do? Start Here
Stock Market: Companies To Watch
These are four stocks in or near buy zones in Monday's stock market, including a Dow Jones leader.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Boeing | 184.40 | Double bottom | |
| Robinhood | 66.91 | Cup base | |
| Sea Limited | 147.73 | Consolidation | |
| MercadoLibre | 2,202.00 | Double bottom |
Source: IBD Data as of April 30
Here's How To Analyze Stocks Like Nvidia In Good Times And Bad
Dow Jones Leaders: Amazon, Microsoft
Magnificent Seven stocks are rebounding from lows as Wall Street reacts to the fallout from President Trump's tariffs. One of them, Dow Jones component Amazon, is back above its 50-day moving average for the first time since Feb. 14. Amazon stock surged more than 7% in morning action on Monday.
Microsoft stock shot up over the last few weeks, bullishly retaking its 200-day line for the first time since Jan. 29. The software giant rallied 0.5% Monday morning.
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.
