Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded modestly lower ahead of Tuesday's open. The stock market rose Monday, as Wall Street shrugged off the latest Trump tariff news.
Circle Internet Group, CoreWeave, Palantir Technologies, Roblox and Shopify were big winners on the stock market Monday.
Circle Internet jumped 9.3% Monday, rebounding from Friday's plunge. Shares remain about 31% off their 52-week high. Meanwhile, CoreWeave advanced 5.2%, ending a two-day skid and finding support at the 10-week moving average, an important level to watch.
IBD Leaderboard stock Palantir climbed 5%, hitting a new high and nearing the 20%-25% profit level from a 125.25 cup-with-handle entry.
Roblox jumped 5.8%, reaching a new 52-week high and more than 50% past a 74.24 cup-with-handle entry. Finally, Shopify rallied 4.1%, closing just below a 117.37 buy point in cup with handle.
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Stock Market Today: Trump Tariff News
Over the weekend, President Donald Trump said that the U.S. will impose 30% tariffs on the EU and Mexico, starting Aug. 1, joining many other countries. The tariff letters generally were roughly in line with the April 2 "reciprocal" tariffs that Trump paused for 90 days.
But Brazil, Canada and Mexico, spared on April 2, are getting big new duties now. Trump slapped a huge 50% tariff on Brazil on political grounds. Canada faces a 35% tariff, though reportedly with an exception for goods that fall under the U.S.-Mexico-Canada Agreement. It's unclear if Mexican goods that are part of the USMCA face tariffs or not.
Elsewhere, JPMorgan Chase, Netflix and Taiwan Semiconductor headline this week's earnings releases. Other anticipated earnings reports include Goldman Sachs, Bank of America, Johnson & Johnson and ASML.
Finally, investors will get the June Consumer Price Index inflation report on Tuesday and Producer Price Index inflation data on Wednesday. Core CPI inflation is expected to pick up to 3% vs. a year earlier, partly as tariffs feed their way into the data. Retail sales and several manufacturing-related reports also are on tap.
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Dow Jones Futures Today: Oil Prices, Treasury Yields
On Monday, the Dow Jones Industrial Average rose 0.2%, or 88 points, while the S&P 500 gained 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 off 0.1%. 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 reversed lower, as West Texas intermediate futures settled near $67 a barrel.
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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.
