The Dow Jones Industrial Average and other major stock indexes were mixed early Tuesday, as UnitedHealth plunged on the stock market today after suspending its outlook. Meanwhile, Wall Street digested a surprisingly cool inflation report.
After the opening bell, the Dow Jones Industrial Average dropped 0.4%. The S&P 500 gained 0.3% and the tech-heavy Nasdaq composite rose 0.8%. For continuing coverage, see Investor's Business Daily's intraday stock market today.
The 10-year Treasury yield edged lower to 4.45% early Tuesday. And oil prices extended recent gains, as West Texas Intermediate futures traded near $62.70 per barrel.
Among exchange traded funds, the Invesco QQQ Trust moved up 0.8%, while the SPDR S&P 500 ETF gained 0.3% after the open.
Early Tuesday, UnitedHealth plunged nearly 14% after the company suspended its 2025 outlook due to higher-than-expected medical expenditures and announced a new chief executive.
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Stock Market Today: CPI Inflation Data
Early Tuesday, the Labor Department's consumer price index, or CPI, rose 0.2% on the month, with an annual increase of 2.3%. That was cooler than the expected 0.3% monthly rise and 2.4% annual increase. Core CPI, excluding food and energy, climbed 0.2% in April, with a year-over-year increase of 2.8%. It was anticipated to rise 0.3% on the month with a year-over-year increase of 2.8%, according to Econoday.
Key earnings movers Tuesday include JD.com, Loar Holdings, On, Sea Limited, Tencent Music and Under Armour.
JD stock climbed 1%, while Loar shares dived 10%. On stock soared nearly 10%, as shares of Sea surged 6%. Tencent Music shares dropped 4%, while Under Armour stock gained nearly 1% in morning trading.
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Dow Jones Surges
On Monday, the Dow Jones Industrial Average rallied 2.8%, or 1,160 points, while the S&P 500 gained 3.3% and the Nasdaq advanced 4.4%.
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 Roblox.
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 Extends Rally
Shares of Dow Jones component Boeing climbed 1.3% Tuesday, further above a double-bottom entry at 184.40 and out of buy range, according to MarketSurge chart analysis.
Outside the Dow, Booking is holding just shy of a 5,282 buy point in a double bottom. Booking stock fell 0.8% in morning action.
Recent IBD Stock Of The Day Commvault closed Monday back above a 174.58 double-bottom entry. Commvault shares were a fraction higher early Tuesday.
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 3.2% Tuesday.
Finally, IBD SwingTrader stock Roblox is attempting to break out past a 74.24 cup-with-handle entry. Roblox stock gained 0.6% Tuesday.
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Stock Market: Companies To Watch
These are four stocks in or near buy zones in Tuesday'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 | |
Roblox | 74.24 | Cup with handle | |
Commvault | 174.58 | Double bottom |
Source: IBD Data as of May 13
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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 back above its 50-day moving average for the first time since Feb. 14. Amazon stock gained 2.8% in morning action on Tuesday.
IPhone maker Apple is right at its 50-day moving average following big gains in recent sessions. Apple shares inched lower early Tuesday.
Microsoft stock shot up over the last few weeks, bullishly retaking its 200-day line for the first time since Jan. 29. The software giant edged up Tuesday morning, right at a 448.38 buy point in a cup base.
Nvidia stock tacked on 3.5% in morning moves. Shares of the artificial intelligence giant have moved decisively above their 50-day line over the last few trading sessions and are approaching their 200-day line, a key area to watch.
Finally Tesla rose 0.6% in early action Tuesday as the stock extended a win streak to four sessions Monday. Led by Chief Executive Elon Musk, the electric-vehicle maker remains around 35% 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.