The Dow Jones Industrial Average and other major stock indexes reversed higher Monday after Iran's attacks on U.S. bases in the Middle East were less severe than feared, with no reported casualties. A number of defense giants climbed, while Hims & Hers Health collapsed. Tesla gained ground while Trump Media & Technology whipsawed on the stock market today.
The Dow Jones industrials rallied nearly 300 points, rising 0.7% in recent action. Sherwin-Williams and IBM fared best on the blue-chip index with gains of roughly 3% each. Amgen lagged most with a dive of nearly 6%.
The Nasdaq composite also rebounded from lows, rising nearly 1%. DoorDash was a top performer, rising more than 4% after it was upgraded to "strong buy" from "outperform" by Raymond James. AppLovin also stood out with a lift of more than 3%.
Laggards on the tech-heavy composite included Grail and Diamondback Energy. Recent initial public offering Grail skidded nearly 6%, though climbing out of depths for the day, while Diamondback fell more than 5%.
Stock Market Today: Consumer Discretionary Shines
The S&P 500 also bounced from lows and added 1%. The benchmark index's sectors were mostly positive on the stock market today as consumer discretionary and real estate led the charge. The only laggards were energy, which took a steep dive, and health care.
Northern Trust shined here, surging 8% after the Wall Street Journal reported that Bank of New York Mellon recently approached it to discuss a potential merger.
Bringing up the rear on the benchmark index were Super Micro Computer and APA, tumbling nearly 10% and almost 8%, respectively.
Meanwhile, small caps joined the party, with the Russell 2000 index up 1.1%. The index is trading just below its 10-day line and remains shy of its 200-day moving average.
The Innovator IBD 50 exchange traded fund held support at its 21-day exponential moving average and reversed for a 0.8% gain at the close. The fund's rise for the year now sits at almost 9%.
Trump Stock Whipsaws Despite $400 Million Move
One stock that oscillated between positive and negative performance on the stock market today was Trump Media & Technology.
It struggled to squeeze out a meager gain of 0.3% despite the firm's board approving a stock buyback that could be worth up to $400 million.
The stock saw premarket gains of around 3% evaporate in open trading. The buybacks will be made on the open market, and the stocks will then be retired.
"The Board took a vote of confidence in our Company, our stock, and our strategic plans," Chief Executive Devin Nunes said in a statement. "Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities."
Investors should steer clear of Trump Media stock. It holds a dire IBD Composite Rating of 17. In addition, shares have lost almost half of their value so far this year.
Cathie Wood Stock, Circle, Surges
Stablecoin stock Circle Internet built on premarket gains as it rose almost 10% on the stock market today. It comes after the stock surged nearly 80% last week shortly after its IPO.
Cathie Wood is a noted backer of the cryptocurrency play. ARK Invest, where she serves as Chief Executive and Chief Investment Officer, owns a large tranche of shares.
It is held by the ARK Innovation ETF , the ARK Next Generation Internet ETF and the ARK Fintech Innovation ETF
In addition, Circle stock is currently a member of the IBD Leaderboard Watchlist.
Stock Market Today: Hasbro Toys With Buy Point
Meanwhile, Hasbro managed to move above a double-bottom base entry of 70.04 with a gain of nearly 3%, MarketSurge analysis shows. The stock's relative strength line has been making progress of late.
All-around performance is also solid, with its IBD Composite Rating sitting at 92 out of a best-possible 99. The company's 50-day moving average could soon cross above its 200-day line, which would be a bullish signal.
Hasbro has a rich portfolio of toy brands, including Transformers, My Little Pony and games such as Monopoly. In total, 62% of shares are held by funds. Its Accumulation/Distribution Rating of B+ reflects more buying than selling among institutions of late.
Its Earnings Per Share Rating of 84 out of 99 is solid. But earnings are seen rising 6% this year before accelerating 10% in 2026. This is below the 25% growth sought by those following The IBD Methodology.
3:17 p.m. ET
More Stocks Test Entries
A few other equities were making breakout attempts on the stock market today. InterDigital is in a buy zone above a consolidation entry of 231.97, according to MarketSurge analysis.
Overall performance is very good, though not ideal, with its Composite Rating sitting at 93 out of a best-possible 99. But while it has an Earnings Per Share Rating of 98, profits are seen falling 36% this year before sliding a further 31% in 2026.
However, institutional ownership is high, with 65% of shares being held by funds. In addition, the stock has rallied around 20% so far this year.
InterDigital provides wireless and video technologies for mobile devices and networks. It operates in areas including the U.S., China, South Korea and Europe.
Recent initial public offering Hinge Health tested an IPO-base entry of 43.80, though it has fallen back below its buy point.
Hinge Health is a telehealth option for physical therapy, with a platform that automates treatment plans and an app for patients. You can read more about Hinge Health by reading the IBD Stock Of The Day column here.
2:09 p.m. ET
Iran Attacks U.S. Bases in Qatar, Iraq
An aerial attack has been launched at U.S. bases in Qatar and Iraq, the Wall Street Journal reported. It came around an hour after Qatar, which is home to a major U.S. military base, closed its airspace ahead of an anticipated Iranian strike.
Videos posted online by residents from the Persian Gulf state on X showed flashes and explosions. Qatar said that air defenses had successfully repelled the attack.
Iran's Islamic Revolutionary Guard said in a statement that they will not "leave any attack on its territorial integrity, sovereignty, and national security unanswered under any circumstances," according to the BBC.
President Donald Trump is due to meet with the National Security Council today.
Despite the attack, oil actually fell. West Texas Intermediate crude skidded more than 4% to just under $71 per barrel
12:51 p.m. ET
These Defense Stocks Gain
Defense stocks were mostly higher on the stock market today. Moves in the sector came after the U.S. bombed three Iranian nuclear sites over the weekend, ramping up tensions in the area.
Lockheed Martin rose 1.5%, pulling clear of its 50-day moving average. RTX was down fractionally while Northrop Grumman added 1.4%.
General Dynamics turned in a lift of 1.1%, pulling away from its major moving average. Boeing was up around 1% while Honeywell rose fractionally. Honeywell is eyeing a cup-with-handle entry of 230.47, MarketSurge analysis shows.
Standouts in the aerospace-defense group included Rocket Lab, which rose nearly 3% and came close to an alternate entry of 32.70. Another was Kratos Defense & Security Solutions, up nearly 2%. Kratos specializes in directed-energy weapons, electronics, and unmanned aerial vehicles.
Meanwhile, Qatar temporarily closed its airspace on Monday. The BBC has reported that there is a "credible threat" of an Iranian missile attack on an American air base in the Middle East country. The Wall Street Journal separately reported that Iran has been moving missile launchers into place for a potential attack on U.S. forces.
Stock Market Today: Gold Stock Tests Entry
Now is still a good time to be looking for stocks clearing entries. IBD is recommending exposure in the 80%-to-100% range.
Precious metals play Kinross Gold was among the equities flirting with buy points on the stock market today. It was up more than 2%, though off highs. It briefly moved above a consolidation entry of 15.96.
This is a midstage patter, according to MarketSurge analysis. This is neutral. Overall performance is extremely strong for the gold miner, however. It holds a best-possible IBD Composite Rating of 99.
Earnings are see rising 73% this year before slowing to 10% growth in 2026.
11:48 a.m. ET
IBD 50 Stock Hims Droops On Novo Move
One stock that was getting eviscerated on the stock market today was IBD 50 stock Hims & Hers Health, though it may not remain on the list for long.
The telehealth firm — famed for its weight-loss, hair-loss and erectile-dysfunction treatments — was hit hard after Novo Nordisk ended their fledgling collaboration. Weight-loss giant Novo scotched their collaborative deal over worries about Hims' sales of cheaper versions of its cash cow weight-loss drug, Wegovy.
In a media release, the firm said it took the move due to "deceptive promotion and selling of illegitimate, knockoff versions of Wegovy that put patient safety at risk."
More information on the story can be obtained here.
Hims stock plummeted nearly 30%. It is on track for what could be its biggest percent decrease on record, according to Dow Jones data. It gapped below its 50-day moving average, according to MarketSurge analysis. This triggered a key sell signal.
Novo itself was down nearly 6% on the stock market today. It fell after test results for its next-generation obesity drug, CagriSema, showed no clear advantages vs. Eli Lilly offering Zepbound. The Danish company is down more than 19% so far this year.
10:57 a.m. ET
Tesla Stock Surges Amid Robotaxi Rollout
Tesla stock was making early progress following the launch of its robotaxi — a driverless vehicle powered by artificial intelligence — in Austin, Texas, over the weekend. Wedbush analyst Dan Ives hailed the service Sunday, calling it a "very impressive" experience.
"Going into it, we expected to be impressed but walking away from it, all there is to say is that this is the future. We took two approximately 15-minute rides around Austin and the key takeaways are that it was a comfortable, safe, and personalized experience," he said in a note to clients. "The ride itself was completely smooth, and it was indistinguishable that the car was driverless as there was never a moment in the vehicle where we felt as if it did something irrational."
He also said that the launch "is really just the beginning of the Tesla AI story." Ives reiterated his outperform rating and 500 target on the stock.
Tesla Chief Executive Elon Musk also seemed happy with how the debut went.
""Super congratulations to the Tesla AI software and chip design teams on a successful robotaxi launch!! Both the AI chip and software teams were built from scratch within Tesla," he said on X.
However, only a handful of Tesla Model Y vehicles are currently involved in the program, which is limited to a geofenced area of Austin.
Tesla stock surged nearly 7% on the stock market today, pulling away from its 50-day and 200-day moving averages in the process, MarketSurge analysis shows. It remains shy of a potential early entry of 367.71.
Stock Market Today: Energy Stocks Muted
Energy stocks were mixed following the strike on Iran over the weekend.
The big fear at the moment is an attempt by the Islamic country to close the Strait of Hormuz. Around 20% of global oil consumption flowed through the strait last year. It connects the Persian Gulf with the Gulf of Oman and the Arabian Sea.
More than 80% of oil and gas that moves through the area is delivered to Asian markets. China, India, Japan, and South Korea were the top destinations, according to the Energy Information Administration.
The price of oil was little changed in early trade, with West Texas Intermediate inching higher to just over $74 per barrel while Brent also slightly higher to more than $77.
Chevron and ExxonMobil rose marginally but ConocoPhillips slipped slightly. TotalEnergies and Shell inched higher but BP gave up slight ground.
The SPDR S&P Oil & Gas Equipment & Services exchange traded fund and the SPDR S&P Oil & Gas Exploration & Production ETF fell less than 1%.
Cactus popped more than 1%, Warren Buffett stock Occidental Petroleum and Hess were fractionally positive. Equipment play TechnipFMC dropped nearly 1%, but remains extended past a 32.90 entry.
8:57 a.m. ET
Cathie Wood Stock Circle Keeps Climbing
Cathie Wood holding and stablecoin leader Circle, a recent initial public offering, surged nearly 80% last week. Shares jumped another 5% in premarket trading Monday. Circle stock is on the IBD Leaderboard watchlist.
Tesla stock gained 1.5% premarket Monday after the company provided robotaxi rides to an invite-only group of Tesla fans for a flat rate of $4.20 per ride in Austin, Texas over the weekend. All rides came with a human "safety monitor" in the passenger seat.
8:12 a.m. ET
Stock Market Today: Trump Orders Iran Bombings
President Trump announced late Saturday on Truth Social that the U.S. bombed three Iranian sites, thus committing the U.S. military to Israel's war effort.
"We have completed our very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan." Trump said. He added, "NOW IS THE TIME FOR PEACE!"
Trump addressed the nation briefly shortly after 10 p.m. ET.
"Our objective was the destruction of Iran's nuclear enrichment capacity and a stop to the nuclear threat posed by the world's No. 1 state sponsor of terror," Trump said. "If peace does not come quickly, we will go after those other targets with precision, speed and skill."
In economic news this week, key releases include the Federal Reserve's primary inflation rate and weekly jobless claims. The personal income and outlays report for May, out Friday from the Bureau of Economic Analysis, includes the core Personal Consumption Expenditures price index.
The PCE is expected to rise a tame 0.14% on a monthly basis, though the Fed's key gauge of core inflation is expected to tick up to 2.6% on a 12-month basis, according to economists polled by FactSet. Jobless claims are due out Thursday.
More than a few important names have earnings due in the coming week: Micron Technology, FedEx, Nike, Carnival among others.
Tesla, Broadcom Recharge This Elite List Of 17 Stocks
Dow Jones Leader JPMorgan Above Buy Point
Elsewhere, Dow Jones banking giant JPMorgan Chase is in a 5% buy zone past a 269.52 buy point in a handle entry in recent sessions, MarketSurge chart analysis shows. Shares dipped 0.3% in premarket trading Monday.
Meanwhile, financial leader Cboe Global Markets is approaching a 236.02 entry in a flat base. Cboe stock inched lower in premarket trades Monday.
Finally, Nvidia is rapidly nearing a 153.13 entry in a cup base that started forming in early January. Nvidia stock dropped 0.8% in early action Monday.
The ongoing stock market uptrend provides a bullish setting for raising exposure, but investors still need to watch for volatility. Investors should buy stocks with a 21-day average true range, or ATR, of up to 8%. But they should be wary of being too concentrated in high-octane names.
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. Further, to find additional stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.
Nvidia And Microsoft Battle For Supremacy In This Arena
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.
