Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded little changed ahead of Tuesday's open.
Meanwhile, Nvidia and Palantir Technologies are approaching new buy points, but artificial intelligence stocks Broadcom and Oracle extended their recent declines on the stock market Monday.
Nvidia stock rallied 2.1% Monday, closing just 1% away from a flat base's 184.48 buy point, per IBD MarketSurge.
IBD Leaderboard name Palantir stock moved up 0.7%, within striking distance of a cup-with-handle entry at 185.75.
On the downside, Broadcom and Oracle declined 2% and 0.3%, respectively. Broadcom fell for a third straight day, while Oracle extended a losing streak to five sessions.
Find The Next Palantir, Nvidia Or Hot IPO. Here's How.
Stock Market Today: Jobs Report, Government Shutdown
Friday's September jobs report takes the economic spotlight this week. Economists expect a 50,000-job overall payroll gain, with private payrolls up 75,000 and government jobs down by 25,000, according to FactSet. Economists expect the jobless rate and average hourly wage growth to hold at 4.3% and 3.7%, respectively.
Meanwhile, experts expect the Institute for Supply Management manufacturing survey index, out Wednesday, to tick up to 49.4 but remain in a slight contraction below the median 50.
Finally, a partial government shutdown could start after Tuesday, which could suspend the release of the jobs report and other economic data. The odds aren't looking great, with a 68% chance of a government shutdown when the new fiscal year begins on Oct. 1, according to the Polymarket prediction market. Usually markets aren't that affected by a shutdown initially, but it could weigh on stocks and bonds if it persists.
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 rose 0.2%, or 68 points, while the S&P 500 moved up 0.3% and the Nasdaq composite climbed 0.5%.
Ahead of Tuesday's opening bell, Dow Jones futures edged lower, along with S&P 500 futures and tech-heavy Nasdaq 100 futures. 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 fell to 4.14%, ending a three-day winning streak. And oil prices dropped, as West Texas intermediate futures settled near $63.10 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 stocks breaking out past correct entries. Check out the latest The 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. Notably, DoorDash broke out past a 269.06 cup-with-handle entry.
Meanwhile, the MarketSurge "Near Pivot" list shows more stocks nearing buy points in bases. For example, Charles Schwab is approaching a 99.59 entry.
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.
