The Dow Jones Industrial Average, S&P 500 and Nasdaq were back in the black Tuesday as all three ended the day near session highs after a rough start to the week. A nuclear power stock jumped, while Boeing led the Dow on the stock market today and Nvidia prepared for its highly anticipated earnings report.
The Dow closed the day with a 0.3% gain, or 135 points, after wavering between positive and negative throughout Tuesday's session. The 30-stock index had tumbled 349 points Monday after hitting a record close on Friday.
The S&P 500 and the Nasdaq composite both notched a 0.4% gain. Small caps on the Russell 2000 outperformed the major indexes with a 0.8% increase.
Volume was higher on both the Nasdaq exchange and the New York Stock Exchange compared with Monday, in preliminary numbers. On the Nasdaq, rising stocks outpaced falling ones by 3-to-2. On the NYSE, winners edged out losers.
Investors seemed to brush off President Donald Trump's firing of Federal Reserve Gov. Lisa Cook. Cook plans to file a lawsuit challenging her firing by Trump, according to news reports Tuesday. Those reports cited a statement from Cook's attorney, Abbe Lowell.
3:52 p.m. ET
Stock Market Today: Boeing Lifts Higher
Boeing led the Dow with a gain of more than 3%. The aerospace giant announced that Korean Air plans to purchase 103 of Boeing's planes to modernize its fleet and support the carrier's growth.
Boeing stock retook its 21-day line on the stock market today. A strong bounce off its 10-week moving average could offer an early entry opportunity.
Elsewhere, Oklo lifted more than 3% after BofA Securities initiated coverage on the nuclear power stock with a buy rating and a 92 price target. The IBD MarketSurge Growth 250 stock has more than tripled so far this year.
3:06 p.m. ET
Energy Stock Bolts Higher
Talen Energy soared more than 6% in heavy trading on news that it will replace Interactive Brokers in the S&P MidCap 400 Thursday before the market open.
Shares reclaimed their 21-day line on Tuesday's move. Talen operates infrastructure facilities that generate power using nuclear energy, natural gas, coal and oil.
Interactive Brokers, an IBD 50 name, bumped up 0.3% after wild swings to start Tuesday's session. As it exits the S&P MidCap, the online brokerage stock will replace Walgreens Boots Alliance on the S&P 500 index, also before the bell on Thursday. Walgreens dipped 0.3%.
Interactive Brokers stock had reached a 20% profit zone from a deep cup-with-handle base with a 53.53 buy point. Shares have pulled back from their all-time high of 68.07 reached on Aug. 12. Shares have tested their 10-week moving average for two straight weeks.
Nvidia stock held on to a 1.2% gain. The artificial intelligence leader is set to report its fiscal second-quarter results Wednesday after the market close.
Market Rises Into Nvidia Earnings; Tesla Breaks Out
1:46 p.m. ET
China EV Stock Jumps, Apple Rises
IBD 50 stock Xpeng jumped more than 5% in heavier-than-average volume. Shares are climbing in an early-stage consolidation pattern with a 27.16 buy point.
The China-based electric vehicle maker recently reported record second-quarter vehicle deliveries. It also said it delivered 36,717 smart EVs in July, a 229% increase from a year ago.
Eli Lilly popped more than 4% on news it will be requesting approval for its weight-loss pill orforglipron. The drug candidate had a third successful Phase 3 study in patients with type 2 diabetes and obesity, the company said.
Eli Lilly stock reclaimed its 21-day line on the stock market today. Shares have been clawing back since their 14% plunge on Aug. 7, after Lilly reported the same experimental medication missed expectations in a 72-week trial.
Lilly stock has lagged, as reflected in its weak 15 IBD Relative Strength Rating. But Eli Lilly's fundamentals are a strong point. Its full-year 2025 profit is expected to jump 75%, followed by a 33% increase in 2026. Its third-quarter revenue is forecast to grow 39%.
Meanwhile, Dow stock Apple bumped up around 0.3%. The tech giant sent out invitations to the media for an event on Sept. 9, where it is expected to showcase its new iPhone 17 model.
12:16 p.m. ET
Semtech Soars After Earnings
Semtech rallied nearly 15% in heavy trading following the semiconductor maker's modest beat on its fiscal second-quarter adjusted profit and sales projections. Earnings jumped to 41 cents per share from 11 cents per share a year ago. Meanwhile, revenue rose 20% to $257.6 million.
The company also gave third-quarter earnings and revenue guidance with midpoints meeting or topping views. Even with Tuesday's hefty jump, the IBD MarketSurge Growth 250 stock has lost 5% so far this year.
IBD 50 leader Palantir rose 1.7% after it bounced off its 50-day line earlier in the session. But it remains below its 21-day line.
Another IBD 50 name, Atour Lifestyle Holdings, trimmed larger morning gains to around 1.8% in recent trades, after the China-based hotel operator topped second-quarter profit and revenue forecasts.
The company said its net revenue increased 37.4%. Atour expects its full-year 2025 net revenue to increase 30% vs. 2024. Atour reported it had 1,824 hotels as of June 30.
Shares broke out and reached the 37.46 buy point of an early-stage flat base but the breakout faded. Shares reached a record high before fading.
10:44 a.m. ET
Treasury Yields Rise, Bitcoin Retreats
The 10-year Treasury yield inched up to 4.29%. Oil prices pulled back to around $64.15 a barrel. Bitcoin fell to around $110,400 in recent action.
Among exchange traded funds, the Invesco QQQ Trust moved up less than 0.2%. Also, the SPDR S&P 500 ETF edged higher Tuesday morning.
Stock Market Today: EchoStar Rockets Higher
EchoStar catapulted more than 75% higher in enormous volume on news AT&T agreed to buy low band and mid-band wireless spectrum licenses from EchoStar in a $23 billion deal. EchoStar reached a record high on the stock market today.
AT&T shares gave back early morning gains and sank 1%. The telecom stock pulled back to its 21-day line in a flat base with a 29.19 buy point.
Dow component Nvidia added another 0.7% and is on pace for three straight days of gains.
Heico advanced 8.7% after the company beat fiscal third-quarter earnings and sales estimates. The aerospace and defense parts and service provider's profit grew 30% to $1.26 per share.
Heico's earnings have increased an average 32% over the last five quarters. Its fiscal third-quarter sales lifted 16% to a record $1.147 billion.
Further, shares reclaimed both their 21-day exponential and 50-day moving averages. And its relative strength line spiked after being on a downtrend since it peaked in early August.
9:46 a.m. ET
Nasdaq 100 Winners, Losers
Among the Nasdaq-100 index stocks, Advanced Micro Devices rallied nearly 2% and Qualcomm moved up 1.3%, making them some of the best performers just after the market open.
On the downside, CSX and Comcast declined 1.4% and 0.7%, respectively.
Housing Data
Early Tuesday, the Case-Shiller Home Price index fell 0.3% in June, with an annual rise of 2.1%, below the expected 2.6% increase.
Meanwhile, the Federal Housing Finance Agency's House Price index dipped 0.2% in June, with an annual increase of 2.6%.
8:56 a.m. ET
Dow Jones Movers: American Express, Boeing, IBM, Nvidia
Inside the blue chip Dow industrials, Boeing, IBM and Nvidia rose in premarket trading, shrugging off the mild market weakness. Boeing stock climbed 0.7%, while IBM shares gained 1%. Nvidia stock moved up 0.5% in premarket trading.
On the downside, American Express dipped a fraction, threatening to add to Monday's 1.1% loss. Shares are building a cup base with a 329.14 buy point.
8:08 a.m. ET
Stock Market Today: Trump Fires Fed Governor
Late Monday, Trump posted a termination letter to Cook on Truth Social, citing allegations by Federal Housing Finance Agency Director Bill Pulte that she had made false statements on applications for home mortgages.
In a written statement released Monday night, Cook said: "President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so." She added, "I will not resign."
Tesla Stock Hits Buy Point
Tesla raced ahead nearly 2% Monday, rallying for a second straight day and briefly topping an early buy trigger at 348.98. The conventional entry is in play at 367.71.
But shares eased 0.7% premarket Tuesday, threatening to snap that win streak.
Earnings Movers: Heico
Aerospace leader Heico rallied nearly 2% after the defense contractor reported better-than-expected earnings and sales results for its fiscal third quarter.
Later this week, apparel makers and retailers continue to report their earnings results. PVH, Abercrombie & Fitch, Kohl's, Urban Outfitters and Guess all report. Meanwhile, dollar stores Five Below, Dollar General and Ollie's Bargain Outlet will report Wednesday.
Stock Market Today: Housing Data, Consumer Confidence
The Case-Shiller Home Price index and the Federal Housing Finance Agency's House Price index are both due out at 9 a.m. ET.
The Case-Shiller index is seen up 2.6% on year in June as housing price inflation continues to ebb, down from 2.8% in May. And the FHFA index fell 0.2% in May, with an annual increase of 2.8%.
Later in the morning, expected at 10 a.m. ET, The Conference Board's consumer confidence reading is seen showing a downtick to 96.4 in August from 97.2 in July. The gauge has stabilized after taking a tumble earlier in the year but confidence remains relatively depressed as consumers worry about the job market.
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