The Dow Jones Industrial Average and other major stock indexes rose Friday, as President Donald Trump suggested cutting tariffs on China in a social media post. Meanwhile, Cloudflare and Lyft were among stocks making big earnings moves.
After the opening bell, the Dow Jones Industrial Average rose 0.2%. The S&P 500 gained 0.4% as the tech-heavy Nasdaq composite moved up 0.7%.
The 10-year Treasury yield ticked lower to 4.37% early Friday. Meanwhile, oil prices rose, as West Texas Intermediate futures traded near $60.55 per barrel.
Among exchange traded funds, the Invesco QQQ Trust gained 0.7%, while the SPDR S&P 500 ETF moved up 0.2% after the open.
President Trump suggested in a Truth Social post that an 80% tariff on Chinese goods "seems right," CNBC reported. The figure marks a sharp reduction from the 145% tariff now planned for products from China, but still is seen as a major hurdle for trade. Trump announced a deal with the U.K. Thursday that calls for a 10% baseline tariff.
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Stock Market Today: Earnings Movers
Cloudflare and Lyft were among Friday's earnings movers as each made significant moves higher. Cloudflare shares surged nearly 9%, while Lyft leapt more than 17% in morning action.
Other stocks on the move included Coinbase Global, DraftKings, HubSpot.
Coinbase stock fell 1.5%, while DraftKings rallied 2%. HubSpot sold off more than 6%.
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Dow Jones Rises
On Thursday, blue chips on the Dow Jones Industrial Average climbed 0.6%, or 254 points. The S&P 500 also gained 0.6%, and the Nasdaq composite advanced 1.1%. Finally, the small-cap Russell 2000 jumped 1.9%.
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.
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Dow Jones Stocks: Boeing In Buy Range
Shares of Dow Jones component Boeing climbed 1.5% Friday, further above a double-bottom entry at 184.40 and closing in on its buy range, according to MarketSurge chart analysis.
Outside the Dow, IBD SwingTrader stock Booking is rapidly approaching a 5,282 buy point in a double bottom. Booking stock dropped 0.8% in premarket action.
Recent IBD Stock Of The Day Commvault closed Thursday just above a 174.58 double-bottom entry. Commvault shares tacked on 1% early Friday.
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 added nearly 1% in early action Friday.
Finally, shares of Sea Limited are moving toward a 147.73 consolidation pattern entry, after having already rallied 115% over the past 12 months. Sea stock was down more than 1% Friday morning.
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Stock Market: Companies To Watch
These are four stocks in or near buy zones in Friday'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
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Dow Jones Leaders: Amazon, Apple, Microsoft, Nvidia
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 attempting to regain its 50-day moving average for the first time since Feb. 14. Amazon stock rose 0.8% Friday.
IPhone maker Apple snapped a four-day losing streak Thursday following last week's earnings report. And Apple shares moved up 1.3% early Friday.
Microsoft stock shot up last week, retaking its 200-day line for the first time since Jan. 29. The software giant gained 0.2% Friday morning.
Nvidia stock was up 0.3% Friday morning. Shares of the artificial intelligence giant have moved decisively above their 50-day moving average over the last few trading sessions and are approaching their 200-day line.
And Tesla raced nearly 7% higher in early action Friday, trying to move above stout resistance at the long-term 200-day moving average. Led by Chief Executive Elon Musk, the electric-vehicle maker remains around 42% off its record high of 488.54, reached on Dec. 18.
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.
