The Nasdaq led the market on a red-letter day for stocks as the major indexes turned their fortunes back upward after last week's downtrend. The markets started out strong, fueled by President Donald Trump's postponement of European Union tariffs, and kept building on gains throughout the session on the stock market today.
The Dow Jones Industrial Average popped 1.8%, or 740 points, and finished right at its 200-day moving average after falling well below it during a four-day losing streak last week. The S&P 500 on Tuesday jumped 2.1%, also after four straight days of losses. The benchmark index tested and found support at its 200-day moving average Friday before leaping well past it Tuesday.
The Nasdaq pushed ahead of the other major indexes as it surged 2.5%. The small-cap Russell 2000 also held a 2.5% gain, though it still remains well below its 200-day line.
Preliminary data show volume was higher on both the Nasdaq and New York Stock Exchange vs. Friday. On the Nasdaq exchange, rising stocks topped falling issues by around 5-to-2. On the NYSE, gainers beat losers by more than 6-to-1.
Oil prices sank 1% to around $60.95 a barrel. Bitcoin climbed to more than $109,700, and the benchmark 10-year Treasury bond shed eight basis points to 4.43%.
On Sunday, President Trump in a Truth Social post said he agreed to delay new EU tariffs until July 9, following a call with European Commission President Ursula von der Leyen. Trump had said Friday he would hike EU tariffs to 50% on June 1, citing a lack of progress in trade talks.
In economic news, the Conference Board's May Consumer Confidence Index came in much stronger than expected at 98.0 vs. the 87.3 forecast.
Stock Market Today: Health Stock Catapults Higher
Hologic trimmed gains of more than 24% to 14.5% in heavy volume. Trading on the stock was halted temporarily Tuesday following news the women's health company rejected an offer from TPG and Blackstone to take the company private. Hologic stock has underperformed, as reflected in its 16 Relative Strength Rating.
Blackstone clambered more than 2% higher on the stock market today. The global asset management stock retook its 50-day line.
On the losing end, Fair Isaac skidded another more than 11% before it found support at the 1,500 price level. Shares have lost nearly 32% since May 19.
Shares started dropping on news a federal official targeted them in a bid to lower mortgage origination costs. Fair Isaac is known for its FICO credit scoring.
3:28 p.m. ET
Nuclear Play Powers Up
In stocks, Oklo bounded 10% higher after it announced Tuesday it signed a memorandum of understanding with nuclear operator Korea Hydro & Nuclear Power. The collaboration is expected to develop and deploy Oklo's advanced nuclear technology.
Oklo stock is climbing back toward its all-time high of 59.14, reached on Feb. 7.
Investment firm CLSA raised its price target to 74 from 50 and held its outperform rating on Oklo stock. Famed investor Cathie Wood's ARK Autonomous Tech exchange traded fund on Friday sold 97,238 shares of Oklo valued at around $4.75 million.
Elsewhere, MarketSurge Growth 250 name Paychex added nearly 2% and reached the buy point of a flat base with a 158.37 buy point. The payroll and human resources services stock is in a buy zone up to 166.29.
Stocks Jump On Tariff News, Tesla Breaks Out; Nvidia Due
2:01 p.m. ET
Space Stocks Take Off
IBD 50 stock Rocket Lab got a 12% boost on the stock market today. The rocket launching company teamed up to launch another satellite for BlackSky Technology as part of a mission named Full Stream Ahead. The window for the launch from New Zealand is set to open late Tuesday in U.S. time zones.
BlackSky Technology floated more than 8% higher on the stock market today. Like Rocket Lab, the satellite imagery company is not yet profitable.
Shares may have also benefited on news that Elon Musk's SpaceX will launch another test of its Starship system Tuesday evening. Musk will present a live event discussing how to make life multiplanetary life on his social-media platform X. Moreover, the Trump administration supports private sector space exploration projects with allotted funds in the fiscal 2026 budget proposal.
Beyond space names, newly added IBD SwingTrader name Interactive Brokers advanced 2.7% and broke out of an early-stage, cup-with handle base with a 210.46 buy point. Shares are in a buy range up to 220.98.
Seagate Technology got a 3.7% jolt higher and broke out of a long, irregular consolidation pattern with a 115.32 entry point. The data storage stock is in the buy zone up to 121.09.
12:32 p.m. ET
Restaurant Names Jump, Southwest Soars
Texas Roadhouse climbed nearly 4% and broke out of a cup-with-handle base with a 194.50 buy point on a weekly chart. The restaurant stock is in the 5% buy zone up to 204.23, according to IBD MarketSurge pattern recognition.
New IBD Leaderboard stock Shake Shack sprinted more than 6% higher in heavy volume. Shares have soared roughly 72% since hitting a 52-week low April 7.
Brinker International rallied around 7.5%, putting it on pace for three straight days of gains. The parent of Maggiano's and Chili's restaurants has gained around 25% so far this year.
Cheesecake Factory popped 6% and is nearing a 56.26 buy point out of a cup-with-handle base.
And Darden Restaurants climbed more than 4% and broke out of a skewed flat base with a 211 buy point. Shares of the Olive Garden parent are in the low end of a buy range that reaches up to 221.55.
Outside of restaurant stocks, Southwest Airlines surged more than 5% on news it will start charging a bag fee after 54 years of no extra charge for checked bags. The discount airline stock is in a long, choppy consolidation pattern with a 36.12 buy point.
10:46 a.m. ET
Stock Market Today: AI Stock Soars On Deal News
Informatica popped more than 5%, adding to Friday's 17.4% surge. The artificial intelligence-based data management software stock reclaimed its 200-day line after testing it Friday.
The jump came on news Salesforce will buy the AI company in an all-stock deal valued at $8 billion.
Dow Jones name Salesforce picked up 1% on the stock market today. The customer relationship management giant reports its fiscal first-quarter earnings Wednesday after the market close.
Pinduoduo tumbled around 15% in heavy volume after the e-commerce company missed both first-quarter earnings and sales estimates. Shares fell below their 50-day and 200-day lines. The stock has a weak 33 IBD Relative Strength Rating.
AutoZone skidded more than 2% after the auto parts retailer missed fiscal third-quarter earnings estimates with a beat on sales views. The stock is in a flat base with a 3,916.81 buy point. Shares found support at their 50-day line.
Stock Movers: Nvidia On The Move
Dow Jones component Nvidia climbed more than 3% on the stock market today. The company reports earnings Wednesday after the market close.
CoreWeave popped more than 16% and reached a new high on the stock market today.
Lastly, Tesla also showed robust action, advancing 4.8%.
Follow Kimberley Koenig for more stock market news on X, the platform formerly known as Twitter, @IBD_KKoenig.
