The Dow Jones Industrial Average and other major stock indexes were higher Wednesday, as Nvidia and Tesla rallied in a bid to extend recent gains. And Super Micro Computer soared on the stock market today after scoring a $20 billion artificial intelligence deal with a Saudi Arabian company.
After the opening bell, the Dow Jones Industrial Average rose 0.1%, while the S&P 500 gained 0.2% and the tech-heavy Nasdaq composite climbed 0.3%. Click here for updated information on today's stock market.
The 10-year Treasury yield edged lower to 4.48% early Wednesday. And oil prices eased, as West Texas Intermediate futures traded near $63 per barrel.
Among exchange traded funds, the Invesco QQQ Trust moved up 0.3%, while the SPDR S&P 500 ETF gained 0.2% after the open.
During Tuesday's bullish gains, Nvidia decisively regained its long-term 200-day moving average, which was a key resistance level, for the first time since late February. Nvidia stock added 2.5% Wednesday.
Meanwhile, Tesla raced 1.5% higher in early action Wednesday as the stock extended a win streak to four sessions Tuesday. Led by Chief Executive Elon Musk, the electric-vehicle maker remains around 30% off its record high of 488.54, reached on Dec. 18.
Finally, Super Micro soared almost 13% after the company announced a multi-year, $20 billion partnership with Saudi data center firm DataVolt. Super Micro will provide high-density graphic processing unit platforms and rack-scale liquid cooling systems to power DataVolt's hyperscale AI campuses.
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Stock Market Today: Earnings Movers
Key earnings movers Wednesday include Karman Holdings, Oklo, Dynatrace and Global-E Online.
Karman stock tumbled 4%, while Oklo shares rose 20%. Dynatrace stock advanced 4%, as shares of Global-E Online plunged more than 17% in early trading.
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Dow Jones Slides
On Tuesday, the Dow Jones Industrial Average declined 0.6%, or 269 points, while the S&P 500 gained 0.7% and the Nasdaq advanced 1.6%.
Due to ongoing stock market strength, 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 and Microsoft.
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: Microsoft Hits Buy Point
Shares of Dow Jones component Microsoft have shot up over the last couple weeks, bullishly retaking their 200-day line for the first time since Jan. 29, attempting to clear a 448.38 buy point in a cup base, according to MarketSurge chart analysis. Microsoft stock rose 0.6% Wednesday.
Outside the Dow, Booking is trying to break out past a 5,282 buy point in a double-bottom base. Booking stock gained 0.2% in morning action.
Recent IBD Stock Of The Day Commvault is squarely in buy range above a 174.58 double-bottom entry. Commvault shares added 0.3% early Wednesday.
IBD Leaderboard watch list stock Robinhood has cleared an aggressive alternate entry of 51.07 in recent sessions and is approaching a 66.91 buy point in an abnormally deep cup base, according to IBD MarketSurge chart analysis. Robinhood shares tacked on 0.6% Wednesday.
Finally, IBD SwingTrader stock Roblox is breaking out past a 74.24 cup-with-handle entry, with a 4.8% rally Tuesday. Roblox stock gained 1.1% Wednesday.
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Stock Market: Companies To Watch
These are four stocks in or near buy zones in Wednesday'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
Magnificent Seven stocks continue to rebound from their recent lows as Wall Street reacts to more optimism after President Trump's tariffs sent them reeling. One of them, Dow Jones component Amazon, is back above its 50-day moving average for the first time since Feb. 14. Amazon stock dropped 0.6% in morning action on Wednesday.
IPhone maker Apple is back above its 50-day moving average following big gains in recent sessions. Apple slipped 0.5% early Wednesday.
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.
