The Dow Jones Industrial Average and other major indexes finished higher Monday as the Senate voted on amendments to President Donald Trump's tax bill. Apple and Palantir Technologies were among the best performers, while Robinhood Markets hit fresh heights. Some issues, including Walt Disney, also tested entries on the stock market today.
Stocks added to recent strong gains, which saw some key indexes reach record highs. The Dow Jones index soared 275 points, or 0.6%. Apple rallied late and ended up with 2% gain. Meanwhile, Boeing lagged, skidding 2.3%.
The Nasdaq composite built on last week's record close by rising 0.5%. Grail was a standout, thanks to a lift of 6.3%. Trade Desk and Strategy also flexed their muscles with pops of nearly 4% and more than 5%, respectively.
Stock Market Today: Tech Stocks Strong, IBD 50 Jumps
The S&P 500 picked up 0.5% to log a fresh record close. The benchmark index's sectors were mostly higher on the stock market today, with technology and financials leading the way. Consumer discretionary and energy were the only laggards.
Palantir Technologies and Oracle stood out on the benchmark index as they rose 4.3% and 4%, respectively. Palantir won a spot on the IBD Leaderboard list of top stocks Monday as it traded above a 133.49 entry.
Meanwhile, small caps were off lows for the day, leaving the Russell 2000 index up 0.1% and just above its 200-day moving average.
Growth stocks outperformed, with the Innovator IBD 50 exchange traded fund up 2%. The fund's year-to-date rise now stands at almost 14%.
Robinhood Soars On These Moves, Makes Investors Merry Men
Investment banking play Robinhood Markets rocketed almost 13% on the stock market today after the company unveiled a smattering of new products.
The company was boosted by its move to offer launch of U.S. stock and ETF tokens for customers in the European Union.
It will offer EU customers more than 200 of these cryptocurrency-esque tokens. The assets will allow users to get exposure to the likes of Microsoft and Nvidia, as well as stock tokens for some private companies, including SpaceX and OpenAI.
Robinhood Chief Executive Vlad Tenev said its European customers will "be able to claim what we believe are the world's first OpenAI and SpaceX private-stock tokens on a decentralized blockchain."
Robinhood stock shot to new highs and notched its 11th record-high close in June.
The stock has been on a tremendous run so far in 2025, rising roughly 150%. It also holds a near top-level IBD Composite Rating of 98.
2:24 p.m. ET
These Solar Stocks Shine On Trump Bill Move
Trump's signature tax bill has been seen as a net negative for renewable energy stocks.
But a few were rallying on the stock market today due to tweaks to the Senate version of the legislation.
The stocks were benefiting from a proposed tax on imported renewable-energy equipment that could make U.S.-made rivals look cheaper in comparison.
First Solar was among the top performers on the S&P 500 Monday as it jumped nearly 9%. It continues to lag its 200-day moving average, however.
The stock is now up more than 41% from its lows for the year, though it is still down around 7% in 2025. It also has a poor IBD Composite Rating of 30 out of 99. It is the biggest solar manufacturer in the U.S.
Nasdaq-listed Sunrun was also surging Monday, popping nearly 11%. It remains stuck below its major moving averages and is expected to swing to a loss per share of 28 cents in 2025 from earnings of $1.47 per share last year.
Sunrun is the biggest American residential solar developer.
In contrast, Enphase Energy, a U.S. manufacturer with operations in China, fell more than 3%. It is down more than 42% so far in 2025.
Barrons reported that Baird Analyst Ben Kallo said the tax on companies using Chinese components was "good for domestic producers such as First Solar, Nextracker (solar) and GE Vernova (wind)."
2:24 p.m. ET
Stock Market Today: Medical Products Leader Tests Buy Point
At the moment, IBD is recommending exposure at the 80%-100% level. This makes keeping an eye out for stocks clearing entries important.
Boston Scientific is flirting with a flat-base buy point of 107.06, MarketSurge analysis shows.
The stock's relative strength line is bending upward, a positive sign. However, trading volume was lower than average today, which is not ideal. However, if volume comes in and helps drive the stock higher, it would show conviction in the move.
Overall performance is excellent, with BSX's IBD Composite Rating coming in at 97 out of 99. Boston Scientific is among the top 15% of issues in terms of price performance over the past 12 months.
Earnings are a key strength, with its Earnings Per Share Rating sitting at 97 out of 99. Profit is expected to rise 16% this year and by 13% in 2026.
The medical play makes products for use in areas including blood clot filtration, kidney stone management and cardiac rhythm management. It is one of the major cardiac device makers.
Boston Scientific is a member of the IBD Large/Mid-Cap Leaders Index. It is also a former member of the prestigious IBD Leaderboard list of top stocks.
1:15 p.m. ET
GMS Stock Clears Entry On Home Depot Deal, But Note This
GMS stock soared on news the building-products supplier has entered into a definitive agreement to be acquired by Home Depot. Home Depot's SRS Distribution subsidiary is to pay around 110 per share for the building materials distribution firm. This values the company at around $4.3 billion. The deal is valued at $5.5 billion when debt is taken into account.
Home Depot won the race to buy GMS ahead of QXO. The latter firm had tabled its own bid worth 95.20 per share earlier this month.
GMS shares rallied nearly 12%, and have moved in the buy zone above a cup-with-handle entry of 105.14, according to MarketSurge analysis. QXO climbed 4% while Home Depot dipped 0.6%.
However, investors should note that upside for GMS is extremely limited here given the narrow gap between its current price and Home Depot's offer. Also, if the deal should somehow collapse, there would also be a risk to the downside.
Home Depot's takeover is expected to close by the end of fiscal 2025.
12:27 p.m. ET
Stock Market Today: Banks Strong After Fed Stress Tests
Financials got some backing Monday after encouraging results from the Federal Reserve's annual stress tests. It found that the 22 firms analyzed, which included the likes of Wells Fargo and Goldman Sachs, had enough money on hand to survive a major recession.
"Large banks remain well capitalized and resilient to a range of severe outcomes," Fed Gov. Michelle Bowman, who is vice chair for supervision, said in a written statement. However, the Fed did note that the tests were generally less strenuous than the previous year.
The tests examined 22 banks with assets of more than $100 billion. The examinations aim to evaluate the health of big banks to ensure they can withstand downturns.
Leaderboard stock JPMorgan Chase, which is extended, rose 1.5%. Goldman Sachs rose more than 2%, and is closing in on a 20% profit goal from a 620.79 buy point. Wells Fargo gained 1.4%.
Citigroup rose nearly 1%, Bank of America was up a fraction while Morgan Stanley was fractionally negative.
Trump Spending Bill Amendment Voting Underway At Senate
U.S. senators were hard at work over the weekend as they sought to progress President Donald Trump's signature tax bill.
The Congressional Budget Office estimated Sunday that the proposed "One Big, Beautiful Bill" would hike the deficit by nearly $3.3 trillion over the next decade.
Senators have now started offering amendments to the legislation. The so-called "vote-a-rama" could go on for hours, as senators are allowed to table an unlimited number of amendments.
While most amendments do not get the required number of votes to pass, they do offer insight into how lawmakers stand on the legislation.
The process kicked off at around 9 a.m. ET. Republicans are trying to pass the bill by the July 4 Independence Day holiday.
11:23 a.m. ET
Hewlett Packard Enterprise, Juniper Jump As Lawsuit Risk Fades
Two stocks that were outperforming on the stock market today were Hewlett Packard Enterprise and Juniper Networks. The stocks rallied strongly after the Justice Department settled a lawsuit challenging Hewlett Packard Enterprise's $14 billion acquisition of networking solutions provider Juniper.
Hewlett Packard Enterprise has agreed to divest its global Instant On wireless networking business as part of the settlement. It has also agreed to license the source code for Juniper's Mist artificial intelligence software.
This removes a big overhang as the trial was set to start July 9, though the deal still needs to be approved by a judge. Once this happens the takeover can go ahead as planned.
Shares of Hewlett Packard Enterprise gapped through their 200-day moving average amid a jump of more than 13%. Juniper surged more than 8%, well clear of its own 200-day line, and moved above a consolidation entry of 39.79, according to MarketSurge analysis.
Hewlett Packard Enterprise is looking to boost its networking growth by snapping up Juniper. This could be a key driver amid the AI revolution.
10:32 a.m. ET
Disney Clears Entry After Bullish Call
With the stock market looking bullish, it is a good time to be looking out for stocks clearing buy points. Walt Disney tested an entry after Jefferies analyst Ed Alter upgraded the stock to buy from hold. He also hiked his price target to 144 from 100.
He touted the entertainment giant's digital offerings, noting Disney was taking advantage of "key differentiations of bundling, studio releases, and sports."
According to Alter, Disney+ web visits were up 40% year over year in each of the past three months. Further, he expects profit margin for its direct-to-consumer streaming unit to rise to 13% by the end of fiscal 2028.
He also said Disney's Experiences division, which includes its parks and cruise lines, is benefiting from recent strength in its parks and the upcoming launch of two new cruise ships.
Disney stock is flirting with a consolidation entry of 123.74, MarketSurge analysis shows. It also moved higher above an early entry of 120.50.
Further, the relative strength line hit fresh heights, a bullish sign. Walt Disney stock has an IBD Composite Rating of 94 out of 99, signaling strong all-around performance. Shares were up more than 1% in morning trades.
9:43 a.m. ET
Stock Market Today: Broadcom Shines Early
The 10-year Treasury yield ticked down to 4.26% Monday morning. Meanwhile, oil prices eased with West Texas Intermediate futures selling around $65.30 a barrel.
Among exchange traded funds, the Invesco QQQ Trust rose 0.4%, while the SPDR S&P 500 ETF added 0.3% after the market open.
Early movers Monday morning included Broadcom, Circle Internet and Robinhood Markets.
Broadcom stock rallied nearly 2% to hit a new high, while Circle bounced more than 4% after Friday's 15.5% tumble. Finally, Robinhood shares climbed more than 5% to new highs.
8:45 a.m. ET
Palantir Jumps On AI Partnership
Palantir Technologies rallied more than 4% early Monday after the company announced a partnership with Accenture to provide artificial-intelligence powered services to U.S. federal agencies.
Shares of Palantir stock are rebounding after Friday's 9.4% plunge.
8:18 a.m. ET
Tesla Delivery Numbers Due
Tesla declined nearly 1% in premarket trading Tuesday, threatening to extend a losing streak to five sessions. Shares are pulling back to their 50- and 200-day moving averages.
The electric-vehicle giant is expected to announce global second-quarter vehicle delivery and production data on Wednesday.
Analysts expect Tesla vehicle deliveries to come in at 390,000 for the quarter, which is 12% below a year ago but about 16% above the first-quarter total, according to FactSet.
7:55 a.m. ET
Stock Market Today: U.S.-Canada Trade News, Jobs Report Looms
Late Sunday, Canada withdrew its digital services tax just one day before the first tax payments were due after President Donald Trump abruptly suspended trade talks Friday. Canada was set to collect billions of dollars from U.S. tech giants starting on Monday.
Trump and Canadian Prime Minister Mark Carney spoke Sunday, agreeing to continue trade talks in pursuit of a deal by July 21, a Canadian spokeswoman said.
Elsewhere, Thursday's jobs report from the Labor Department takes the economic spotlight this week. Further, the stock market is closed for the July 4 holiday.
Economists expect the unemployment rate will rise to 4.3%, a four-year high, in the June jobs report, due Thursday. Forecasters also see a 115,000-job gain in nonfarm jobs, with the private sector adding 125,000 jobs and government shedding 10,000.
Nvidia And Microsoft Battle For Supremacy In This Arena
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