Major stock indexes clung to gains in the final hour of trading Tuesday, as investors felt hopeful while waiting for news on U.S.-China trade talks. Tesla increased its winnings as Chief Executive Elon Musk and President Donald Trump appeared to be taking a hiatus from last week's public feud. And a uranium name sank on the stock market today.
After wallowing in flattish ground, the Dow Jones Industrial Average ended the day 0.3% higher, for a 105-point gain. The 30-stock index was trying to put some more miles between itself and its 200-day moving average. The S&P 500 bumped up 0.6% to move further above the 6,000 level. The Nasdaq composite also added around 0.6%.
The small-cap Russell 2000 Index produced a 0.5% gain, marking three straight days of increases. The Russell is closing in on its 200-day line.
Volume was significantly higher on the Nasdaq exchange and modestly higher on the New York Stock Exchange vs. Monday. Advancers beat decliners by roughly 3-to-2 on both exchanges.
The 10-year Treasury yield ticked lower to 4.47%. Oil prices dipped to near $64.85 a barrel. Bitcoin kept its rally going and climbed past $109,000.
Among exchange traded funds, the Invesco QQQ Trust added 0.7%, and the SPDR S&P 500 ETF rose 0.6%. But the Innovator IBD 50 ETF dropped 1.7%.
Electronics Stock Continues Rally
TTM Technologies climbed 1.4% and reached the profit zone of a cup-with-handle base. The stock also flashed a profit-from-pivot-point flag, as its 20% gain happened within 15 days of the breakout.
The electronics component stock added to Monday's 7.5% gain spurred on by a price target hike from Truist Securities to 41 from 36. Shares hit an all-time high on the stock market today and have climbed around 46% so far this year.
3:40 p.m. ET
Tesla Gains Amplify
In stocks, Tesla's gains mounted as investors grew more confident that Trump and Musk were patching things up. The two traded broadsides last week but tensions seemed to cool leading into Tuesday's trading.
Tesla was up 2% earlier in the session but boosted its winnings to 6% in recent action. Shares had plunged more than 17% over two days last week before climbing in the last three sessions.
Stock Market Today: Uranium Stock Sinks
Cameco dropped nearly 5% after Monday's 10.7% jump. On Monday, the uranium stock reached a record high and the profit zone from the 53.48 buy point of a cup-with-handle base.
Uranium is used in nuclear energy and is a source for artificial intelligence data centers and crypto mining. Cameco's 2025 profit is expected to jump 49% followed by 61% in 2026.
Cameco stock holds a best-possible 99 Composite Rating and a 98 Earnings Per Share Rating from Investor's Business Daily.
Futures: Tesla, Google Mask Growth Woes; Inflation Data Due
2:46 p.m. ET
Biotech Soars On Positive Outcome
Biotech name Insmed catapulted nearly 28% in heavy volume and broke out of a consolidation pattern with an 84.91 buy point. Shares are above the 5% buy zone that extends to 89.16. Shares reached a level not seen since 2001. The stock's relative strength line hit a 52-week high as shown by the blue dot on its chart.
The excitement came after Insmed reported that its 16-week study showed significant improvement in patients with pulmonary arterial hypertension, a high blood pressure in arteries of the lungs.
IBD 50 component Ouster tacked on 7% in heavy trading. Shares reached a 52-week high on the stock market today.
Shares are on pace for three straight weeks of gains, and Ouster's IBD Relative Strength Rating climbed to 97 from 78 four weeks ago. The company develops lidar technology used in drones as well as in mining, automotive and industrial settings.
1:17 p.m. ET
Hostess Parent Tanks
J.M. Smucker stock tumbled more than 14% in enormous volume after the packaged-food company missed fiscal fourth-quarter net sales estimates. Its profit fell 13% while sales declined 3%.
The company also gave a fiscal 2026 profit outlook that was well below projections. J.M. Smucker battled with higher coffee costs while its Hostess Brands snack business saw weak demand. Shares fell further below their 50-day and 200-day lines. The stock hit a 52-week low and was the biggest loser on the S&P 500 Tuesday.
Elsewhere, new issue Circle Internet Group turned sharply lower, losing 8%. It's the stock's first decline since its trading debut last week.
And in economic news, the National Federation of Independent Business' Small Business Optimism Index climbed to 98.8 in May, topping forecasts for 95.9 as well as April's reading of 95.8.
12:00 p.m. ET
Recent Big Winners Sell Off
Sezzle tanked more than 11% after it filed a lawsuit against Shopify for antitrust violations. The IBD MarketSurge Growth 250 name enjoyed nine straight weeks of increases producing a 170% gain and reached a record high Monday.
The "buy now, pay later" service provider stock is seeking support at its 21-day line. Meanwhile, Shopify stock rose 0.8%.
Highflier and new issue CoreWeave gave back around 5% of Monday's 15.6% gain. The IBD 50 stock started trading in late March with an offer price of 40 per share and was trading around the 152 price level in recent trades.
Fellow IBD 50 name Rubrik dropped nearly 5% and is on pace for three straight days of losses after reaching a record high Friday. Shares fell from the 20% profit zone from a double-bottom base with a 76.11 buy point. The IBD Leaderboard name undercut its 21-day exponential line on the stock market today.
The move was prompted after the company's announcement it plans to offer $1 billion in convertible notes through a private placement.
10:47 a.m. ET
Stock Market Today: eToro Sinks After Earnings
Shares of recent initial public offering eToro gave back an early morning gain and plunged more than 8%. The Israel-based trading platform operator announced first-quarter earnings of 69 cents per share that topped analysts' views, but lagged the prior year. Its revenue rose 11% came in at $3.75 billion. EToro stock broke out of an IPO base Monday with a 10.6% gain but fell back below the 74.28 buy point Tuesday.
Casey's General Stores soared more than 14% in huge volume after the mini-mart operator reported better-than-expected earnings and sales for its fiscal fourth quarter. Casey's stock jumped above a recent buy zone of a cup base with a 445.17 entry. Shares retook their 50-day moving average and reached a new high on the stock market today.
Calavo Growers plunged more than 17% in heavy volume following the avocado producer's miss on fiscal second-quarter profit and sales forecasts. The stock fell below its flat base with a 28.37 buy point. Shares also undercut their 50-day and 200-day lines, triggering sell signals.
Core & Main fell nearly 3% despite its beat on fiscal first-quarter earnings and sales. But the water services company gave a fiscal 2025 net sales outlook that disappointed. Shares fell back into the buy zone of a cup-with-handle base up to 57.12 after being extended. Shares are seeking support at their 21-day exponential average.
9:06 a.m. ET
Tesla, Taiwan Semi Rally
Tesla stock rallied more than 2% premarket Tuesday, as Trump told reporters at the White House late Monday that "I'd have no problem" speaking with Musk. He continued saying, "I'd imagine he wants to speak with me."
Trump also said that he wasn't going to sell the red Tesla he bought in March. On Friday, a senior White House official said that he was considering getting rid of the Model S Plaid. Tesla shares jumped 4.6% Monday.
Further, Taiwan Semiconductor Manufacturing, better known as TSMC, jumped 2.3% after reporting strong May sales that jumped nearly 40% year over year. TSMC makes chips for industry giant Nvidia.
8:10 a.m. ET
Stock Market Today: More U.S.-China Trade Talks, Earnings Movers
A second round of trade talks between the U.S. and China kicked off Tuesday morning. They were expected to focus negotiations on tariffs for rare earths and technology.
Commerce Secretary Howard Lutnick said Tuesday that trade talks with China were "going well."
Treasury Secretary Scott Bessent said Monday's round of talks was a "good meeting," while Trump told reporters that "We are doing well with China" but cautioned that "China's not easy."
Key earnings movers Tuesday morning included Academy Sports & Outdoors and United Natural Foods. Academy stock dropped 1.1% in premarket action, while shares of United Natural Foods rallied 3.3%.
Tesla, Broadcom Recharge This Elite List Of 17 Stocks
Dow Jones Leader Amazon Breaks Out
Elsewhere, Dow Jones retail giant Amazon broke out past a 214.84 buy point in a cup with handle, with a 1.6% gain Monday, according to MarketSurge chart analysis. Shares of the e-commerce leader edged higher in premarket trading Tuesday.
Outside the Dow, recent Stock Of The Day Toast has rebounded after finding support at its 21-day exponential moving average, offering an alternative entry at a recent high of 43.47. This is a follow-on entry, after Toast gapped above a 36.75 handle buy point following its May 8 earnings report. Toast stock added 0.4% premarket Tuesday.
Finally, recent initial public offering eToro topped a 74.38 buy point in an IPO base, with a 10.6% surge Monday. Shares climbed another 1% Tuesday morning.
The ongoing stock market uptrend provides a bullish setting for raising exposure, but investors still need to watch for volatility. Investors should buy stocks with a 21-day average true range, or ATR, of up to 8%, though they should be wary of being too concentrated in high-octane names.
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.
Nvidia Stock Snags This Crown As Tesla Loses This Battle
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