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 mixed Monday as Wall Street reacted to the U.S.-European Union trade deal.
Still, Circle Internet Group, Coinbase Global, CoreWeave, Nvidia and Tesla were big movers on the stock market Monday.
Circle Internet sold off 3.9% Monday, extending its recent losses and closing at its lowest level since July 2. Meanwhile, Coinbase lost 3.1%, falling for a sixth straight session. The cryptocurrency stock is holding above a 349.75 buy point. Earnings are due out Thursday after the market close.
CoreWeave tumbled another 4.6% Monday, its fourth straight decline. Shares broke their 10-week line in recent weeks, triggering a sell signal.
On the upside, IBD Leaderboard stock Nvidia rallied to more record highs Monday, as shares advanced 1.9%. Nvidia stock is about 15% above a 153.13 buy point.
Finally, Tesla raced 3% higher after the electric-vehicle giant chose Samsung Electronics in a $16.5 billion deal to manufacture some of its artificial-intelligence chips. Tesla stock is attempting to regain its 50-day line after giving up that level last week.
Find The Next Palantir, Nvidia Or Hot IPO. Here's How.
Stock Market Today: Fed Meeting, Jobs Report, Magnificent Seven Earnings
The Federal Reserve's two-day policy meeting kicks off Tuesday, with an interest rate decision slated for Wednesday. Meanwhile, the July jobs report is set for Friday. Economists expect the U.S. economy to have added 110,000 jobs in July, according to Econoday. They also see the unemployment rate ticking back up to 4.2%.
Besides the Fed meeting, Magnificent Seven stocks Amazon, Apple, Microsoft and Meta Platforms are all due to report this week. Boeing and four other Dow Jones Industrial Average stocks are also reporting.
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 lost 0.1%, or 64 points, while the S&P 500 edged up less than 0.1% and the Nasdaq composite rose 0.3%.
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 higher to 4.42%. And oil prices advanced, as West Texas intermediate futures settled near $67 a barrel.
Nvidia Reigns Supreme As Tesla Skids Below This Non-Mag 7 Member
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.
