The Dow Jones Industrial Average and other major stock indexes dropped Tuesday, as the S&P 500 threatened to snap a six-day win streak. Among the winners was retail giant Home Depot, which moved higher on the stock market today after the company's strong sales results.
After the opening bell, the Dow Jones Industrial Average fell 0.2%. The S&P 500 lost 0.3%. And the tech-heavy Nasdaq composite dropped 0.4%. (Click here for intraday updates on the stock market today.)
The 10-year Treasury yield ticked higher to 4.49% early Tuesday. And oil prices eased, as West Texas Intermediate futures traded around $62.60 per barrel.
Among exchange traded funds, the Invesco QQQ Trust moved down 0.4%, while the SPDR S&P 500 ETF fell 0.3% after the open.
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Stock Market Today: Home Depot Earnings
Home Depot gained 1% Tuesday even after the company reported slightly worse-than-expected profit for the first quarter. Despite the miss, the company maintained its 2025 outlook. Also, quarterly sales topped estimates.
Another big earnings winner was Amer Sports, which soared more than 19% Tuesday. Shares closed Monday just out of buy range past a 29.76 double-bottom entry.
Elsewhere, key earnings movers this week include Lowe's and Target, along with Palo Alto Networks, Snowflake and Workday.
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Dow Jones Rises 137 Points
On Monday, blue chips on the Dow Jones Industrial Average rose 0.3%, or 137 points, while the S&P 500 gained 0.1% and the Nasdaq inched higher.
Ongoing stock market strength makes now an important time to read IBD's The Big Picture column for how to handle the current market conditions and to track the updated exposure level.
Among the best companies to watch in the current stock market are Birkenstock, Spotify, Robinhood and Axon Enterprise
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 few weeks, bullishly retaking their 200-day moving average for the first time since Jan. 29 and clearing a 448.38 buy point in a cup base, according to MarketSurge chart analysis. Microsoft stock eased 0.5% Tuesday.
Outside the Dow, Birkenstock surged last week, rallying up the right side of a cup base that has a 62.66 buy point. Birkenstock shares rose 0.4% in morning action.
Recent IBD Stock Of The Day and IBD SwingTrader stock Spotify is moving out of buy range above a 621.20 double-bottom entry. Spotify shares fell 0.5% early Tuesday.
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 lost 0.9% Tuesday.
Finally, Taser-maker Axon is breaking out past a 715.99 buy point following last week's gains. Axon stock was down 1% 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 |
|---|---|---|---|
| Microsoft | 448.38 | Cup base | |
| Robinhood | 66.91 | Cup base | |
| Birkenstock | 62.66 | Cup base | |
| Spotify | 621.20 | Double bottom |
Source: IBD Data as of May 20
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Dow Jones Leaders: Amazon, Apple, Nvidia
Magnificent Seven stocks continue to rebound from their recent lows as Wall Street reacts to more optimism after President Donald Trump's tariffs sent them reeling. One of them, Dow Jones component Amazon, is building a cup base with a 242.52 buy point. Amazon stock lost 0.5% in morning action on Tuesday.
IPhone maker Apple threatened to extend a losing streak to five sessions Tuesday, with a 0.6% drop. Shares, however, remain right at their 50-day moving average.
During last week's bullish gains, Nvidia decisively regained its long-term 200-day moving average, which was a key resistance level. But Nvidia stock declined 1% Tuesday.
Finally, Tesla rallied more than 2% in early action Tuesday, rebounding from Monday's losses. Led by Chief Executive Elon Musk, the electric-vehicle maker remains around 28% 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.
