Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded modestly lower ahead of Tuesday's open following Monday's stock market losses.
Palantir Technologies was a big earnings movers after the market close, while Nvidia and Tesla were losers on the stock market today, as the Dow Jones Industrial Average dropped nearly 100 points.
Palantir plunged nearly 8% in extending trading Monday even after the company raised its full-year revenue forecast. The firm met first-quarter earnings targets and topped revenue estimates.
Other earnings movers included Diamondback Energy, Ford Motor, and Vertex Pharmaceuticals. Shares of Diamondback climbed 0.7%, while Ford stock lost 2%. Finally, Vertex sold off 3.4% late.
Nvidia declined 0.6%, ending a two-day win streak and testing resistance around the 50-day moving average, a key area to watch. And Nvidia stock fell another 0.5% in extended trading.
Finally, Tesla skidded 2.4%, still setting resistance at the long-term 200-day line. Shares have been below that level since a sharp breach in early March and are still nearly 43% off their record high 488.54, reached on Dec. 18. Tesla stock headed down 0.6% in late trading.
Flag Top-Rated Stocks Set To Report Like Palantir. Here's How.
Stock Market Today: Trump Tariff News; Fed Meeting Looms
On Sunday night, President Donald Trump wrote on Truth Social that he would impose a 100% tariff on movies made outside the U.S., declaring foreign film production a "national security threat." In response, Netflix and Disney declined more than 5% and roughly 3%, respectively, in premarket trading.
Trump also said Sunday that he expects to lower China tariffs "at some point," but he once again said Beijing has been ripping America off, equating trade surpluses with stealing. He said has no plans to speak with President Xi Jinping this week, adding that U.S. and Chinese officials are talking about "different things."
Later this week, the Federal Reserve meeting and policy update Wednesday will take the economic spotlight. Markets see little chance of a rate cut, so the focus will be on Fed Chairman Jerome Powell's news conference, and on any shift in his thoughts on how tariffs will affect inflation.
Big earnings report this week include Disney, along with Arista Networks, Fortinet, Paycom Software and Shopify.
Here's How To Analyze Stocks Like Nvidia In Good Times And Bad
Dow Jones Futures Today: Oil Prices, Treasury Yields
On Monday, the Dow Jones Industrial Average moved down 0.2%, or 98 points, while the S&P 500 lost 0.6% and the Nasdaq declined 0.7%.
Ahead of Tuesday's opening bell, Dow Jones futures dipped 0.1%, while S&P 500 futures fell 0.3%. Tech-heavy Nasdaq 100 futures were down 0.5%. 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 higher to 4.34%. And oil prices declined, as West Texas intermediate futures settled around $57 a barrel.
Tesla Redeems Itself While Mag 7 Brace For Barrage Of Earnings
Stocks To Watch: DoorDash, Booking And Commvault
Among the best stocks to watch Monday, IBD Leaderboard stock DoorDash is breaking out past a 2,202 buy point in a double-bottom base, according to IBD MarketSurge. And shares are in the buy zone as they edged higher.
Meanwhile, IBD SwingTrader stock Booking is rapidly approaching a 5,282 buy point in a double bottom.
Finally, IBD Stock Of The Day Commvault climbed 0.8%, closing just shy of a 174.58 double-bottom entry.
As Wall Street Whipsaws, What's An Investor To Do? Start Here
What To Do Now After Dow Jones Snaps Win Streak
Following Monday's 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. IBD has a 40%-60% recommended exposure level at this time.
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.
