Stocks finished in negative territory Tuesday, including ending a run of wins for the S&P 500. But CoreWeave bucked the trend and hit a record high and China-based robotaxi name Pony AI jumped today on the stock market.
The Dow Jones Industrial Average closed 114 points, or 0.3%, lower. The S&P 500 gave up 0.4%, snapping its six-session winning streak. The Nasdaq also declined 0.4% after finishing nearly flat Monday.
The small-cap Russell 2000 index closed a seesaw session up by less than 0.1%, holding above the 2,100 level. Unlike the other major indexes that are above their 200-day moving averages, the Russell 2000 sits around 3% below its 200-day line.
Volume was significantly lower on the Nasdaq exchange and higher on the New York Stock Exchange compared with Monday. Falling issues narrowly outpaced rising stocks on the Nasdaq. On the New York Stock Exchange losers overtook gainers by more than 3-to-2.
Oil prices were slightly lower, at around $62.60 a barrel. But bitcoin rose to more than $106,800, and the benchmark 10-year Treasury bond ticked up to 4.48%.
Stock Market Today: Dutch Bros Drops Again
IBD 50 name Dutch Bros skidded 6.2% in heavier-than-average volume on the stock market today. This follows Monday's 2.5% drop. Shares had been rising since the coffee kiosks operator topped first-quarter earnings and sales estimates on May 7.
Dutch Bros stock is building a deep cup base with an 86.88 buy point. The stock holds 98 IBD Composite and Earnings Per Share Ratings and a 96 Relative Strength Rating.
3:27 p.m. ET
Robotaxi Stock Lifts Higher
Pony AI stormed to a gain of nearly 18% at one point, but trimmed those gains back to roughly 8% in recent action. The move came after the China-based autonomous driving vehicle maker reported rising first-quarter sales from its robotaxi business.
"Our robust total revenues in the first quarter were fueled by a 200% year-over-year rise in Robotaxi services, with fare-charging revenues achieving approximately 800% growth rate," Chief Executive James Peng said in the earnings release.
Pony AI stock has more than quadrupled from its April low of 4.11. Shares started trading in late November at an initial public offering of 13 per share.
Agilysys catapulted 21% higher after the hospitality software company reported higher-than-expected profit and sales for its fiscal fourth quarter. Its earnings increased 69% on 19% revenue growth.
It also gave a sales outlook for fiscal 2026 of $308 million to $312 million, lagging analyst forecasts. Agilysys bumped up to its 200-day line, finding resistance.
Market Pauses Bullishly, Tesla Moves On Musk; Palo Alto Falls Late
1:54 p.m. ET
Credit Scoring Name Plummets
Fair Isaac trimmed larger losses to around 8% in Tuesday afternoon action. Shares are trading in heavy volume and tested their 200-day and 50-day moving averages.
The credit scoring and financial services stock sank to the 1,900 price level but has since retaken the 2,000 psychological level, after closing above 2,200 Monday. Shares had been building the right side of a cup base with a 2,402.51 buy point since the company's earnings report on April 29.
At the same time, IBD 50 name Dave jumped more than 6% and hit a record high on the stock market today. Research firm Benchmark raised its price target to 229 from 202, and held its buy rating on the banking app stock.
Dave stock has shown a spectacular gain of nearly 80% since the company crushed first-quarter earnings and sales estimates on May 8.
GE Vernova inched up 0.5% and hit the 447.50 buy point of a deep early-stage cup base. The Leaderboard watchlist stock is in the low end of a buy range that extends to 469.88. Its relative strength line reached a 52-week high, as shown by the blue dot on its chart.
12:35 p.m. ET
CoreWeave Keeps Climbing
IBD 50 player and new issue CoreWeave surged nearly 5% and reached a new high Tuesday. The cloud computing services provider continues to bolt higher on the heels of the company's first quarterly results as a public company May 14.
Pegasystems popped up more than 3% in heavy trading, following news it will be added to the S&P MidCap 400 before the market open Thursday. It will replace Nordstrom.
Pegasystems stock is extended from a buy zone from a cup-with-handle entry at 93.08. Pegasystems operates a workflow automation platform.
Mosaic rose 0.9% and is on pace for seven straight weeks of gains. The fertilizer name continues its rally after it topped first-quarter earnings estimates on May 6.
IBD 50 name Rubrik climbed more than 2% and reached a record high on the stock market today. The cybersecurity stock is extended from the buy range of a double-bottom-base buy point at 76.11. Rubrik stock has gained around 87% from the bottom on the base reached April 7.
The company is expected to report its fiscal first-quarter results on June 5.
11:06 a.m. ET
Stock Market Today: Dow Stock Home Depot Reverses
Dow component Home Depot ventured into negative territory, after it missed fiscal first-quarter earnings. The home improvement retailer reported higher-than-expected sales and reaffirmed its fiscal 2025 adjusted profit outlook, which was below views. Shares wavered in recent action.
Home Depot expects sales growth of around 2.8% and comparable sales to rise approximately 1% in fiscal 2025. The retailer also plans to open 13 stores during the year.
Home Depot stock tested its 200-day moving average where it found resistance on the stock market today. Shares are in a skewed consolidation pattern with an official 439.37 buy point, according to MarketSurge chart analysis.
Trip.com tumbled 6% after the China-based online travel service missed first-quarter profit forecasts with in-line sales. The stock tested and found support at its 21-day exponential moving average within an irregular base with a 77.18 buy point.
Viking Holdings plunged nearly 5%, even after the river cruise operator reported a smaller-than-expected first-quarter loss and higher revenue than views. Shares are in a deep cup base with a 53.14 buy point. Viking tested its 21-day line, seeking support.
Big Stock Movers: Sports Gear Stock Hits New High
IBD MarketSurge Growth 250 name Amer Sports spiked nearly 18% in heavy volume, after the sports equipment maker beat first-quarter earnings and sales estimates. It also raised its full-year 2025 profit and revenue outlook.
Shares are extended from a 5% buy zone up to 31.25 of a double-bottom base with a 29.76 buy point. The giant move lifted shares to a 20% profit zone from its buy point. Amer Sports stock reached an all-time high Tuesday.
D-Wave Quantum gapped up more than 27% in huge volume to a new high. The jump came on news it released its new cloud-based quantum system named Advantage2.
Palo Alto Networks fell 0.4% ahead of the company's fiscal third-quarter earnings report, due after the market close. The network security stock is in an early-stage cup-with-handle base with a 195.42 buy point.
In Big Tech names, Dow Jones component Nvidia pulled back 1.5% while IBD Leaderboard name Palantir Technologies added a fraction. Palantir stock is in the low end of the buy zone up to 131.51 from a 125.25 cup-with-handle base buy point.
Lastly, Tesla added 1% on the stock market today.
Follow Kimberley Koenig for more stock market news on X, the platform formerly known as Twitter, @IBD_KKoenig.
