The Dow Jones Industrial Average finished lower in Monday's mixed trade amid the U.S.-European Union trade deal and President Donald Trump's vision for global tariffs. Meanwhile, Nike, Nvidia, and Tesla made strides on the stock market today. Famed investor Cathie Wood snapped up a plunging stock.
The Dow industrials lost 64 points, or 0.1%, but did trim their decline. Nike was the top performer following a JPMorgan Chase upgrade, rising 3.9%. Insurance stock Travelers was the worst laggard due to a 2.4% decline.
The Nasdaq composite fared best among the key large-cap indexes, ending up 0.3% for a new record closing high. Advanced Micro Devices and Diamondback Energy were strong here, notching gains of more than 4% each. Charter Communications paced decliners as it lost 3.7%.
Stock Market Today: Energy Shines, IBD 50 Lags
The S&P 500 pushed out a gain of less than 0.1%, enough for a new closing high and remaining close to the 6,400 mark. Most of the benchmark index's sectors declined on the stock market today. Real estate and materials fell the most while energy and technology logged the strongest gains.
Super Micro Computer was a standout on the S&P 500 as it surged 10%. Devon Energy also shined with a 3.5% advance. Albemarle and Revvity struggled, with losses of 10.7% and 8.3%, respectively. Revvity was hit after the maker of clinical tests and tools cut its full-year guidance.
Volume was lower on both the New York Stock Exchange and the Nasdaq vs. Friday.
Small caps reversed lower, with the Russell 2000 index dropping 0.2%. The index remains clear of its short-term moving averages as well as its 200-day line.
Growth stocks also surrendered initial gains, with the Innovator IBD 50 exchange traded fund falling 0.4%. The fund currently trades in a buy zone above a 32.93 entry.
The 10-year Treasury yield rose two basis points to 4.41%. Oil prices rose, with West Texas intermediate futures up 3% to $67.10 per barrel.
Magnificent Seven: Microsoft Pulls Back Ahead Of Earnings
It is a pivotal week for some of the biggest names in tech, which also means it's an important period for the current stock market uptrend.
Magnificent Seven names Microsoft, Meta Platforms, Apple, and Amazon.com are all set to deliver quarterly reports.
The former two names report late Wednesday, while the latter duo report after the close Thursday. They made a mixed start to the week.
Amazon stock advanced 0.6%. The e-commerce stock has a Composite Rating of 95 and is extended past a 214.84 buy point.
Meta Platforms ended higher by 0.7%. Earnings are a key strength here, with the stock's Earnings Per Share Rating sitting at 96. Shares are extended past a cup-with-handle entry of 662.67, MarketSurge analysis shows.
Apple squeezed out a gain of less than 0.1%. It is trading below its 200-day moving average and is down nearly 15% in 2025.
Meanwhile, Microsoft shed 0.2%. The IBD Long-Term Leader has a Composite Rating of 94 and is up more than 21% so far this year.
Tesla was the top performer among the Magnificent Seven, gaining more than 3%. AI chip stock Nvidia also fared well by rising 1.9%.
However, Google's parent company, Alphabet, was the weakest among the closely watched group of stocks. The stock fell 0.3% but remains above the actionable zone from a 181.23 buy point.
3:19 p.m. ET
Cathie Wood Loads Up On Cancer Stock
One famous name in the investing world who loves to capitalize on sharp stock reversals is ARK Invest Chief Executive Cathie Wood.
And she was at it again on Friday when her firm, where she also serves as chief investment officer, snapped up more than 262,000 shares in Veracyte for the ARK Innovation ETF.
The move came with the stock down 47% from its recent high of 47.32, which it reached at the end of January, at Friday's close.
However, those following IBD investing principles would know the dangers of grabbing a falling knife – if the stock continues to fall it is easy to get shaken out.
The stock currently boasts an IBD Composite Rating of 50 out of 99. It also lags in 13th place in the medical products industry group.
And while company earnings have grown by an average of 76% over the past three quarters, it is also among the bottom 9% of issues in terms of price performance over the past 12 months.
Shares squeezed out a fractional gain on the stock market today, but the fact that the stock is down more than 36% so far this year means this is a risky asset to be buying now.
The San Francisco-based firm specializes in genomic diagnostics. It focuses on precision testing for diagnosing cancer.
2:06 p.m. ET
Boeing Boosted, Airbus Lags After EU Deal
It was a tale of two aerospace stocks Monday following the U.S.-EU trade agreement.
The deal will reinstate a tariff exemption for the aerospace sector that will allow for the free shipment of new aircraft, engines and spare parts. A similar agreement had already been inked with the United Kingdom.
The Wall Street Journal reported this returns the industry to the landscape that existed under a 1979 World Trade Organization treaty that protected commercial aerospace from duties.
Dow Jones stock Boeing was off highs, but remained up nearly 1% on the stock market today. It is trading above its 20% profit goal from a 184.40, entry, according to MarketSurge analysis.
Boeing's IBD Composite Rating of 74 out 99 is not ideal, and its Earnings Per Share Rating of 20 out of 99 is poor. But it has rallied by more than 32% so far this year regardless.
Airbus slumped more than 3%, and dropped below its 21-day exponential moving average. It remains extended past a 46.69 consolidation entry.
Stock Market Today: New Leader In Buy Zone
With IBD currently recommending exposure in the 80%-100% range, it is a good idea to look for stocks clearing entries.
Veeva Systems has climbed past a flat base buy point of 291.69. It is actionable as high as 306.27.
VEEV stock has a perfect IBD Composite Rating of 99. This is a reflection of excellent all-around performance.
The RS line is off recent highs, but it is gaining traction again, and this progress is helping to fuel the breakout.
Institutions have been adding to their holdings of VEEV stock of late, with its Accumulation/Distribution Rating coming in at B.
The number of firms holding shares in Veeva Systems is strong at the moment, according to MarketSurge data. In total, 55% of its stock is held by funds.
The MFS Growth Fund (MFEGX) and the Fidelity Contrafund (FCNTX) are among the noteworthy holders. It has also just won a spot on the vaunted IBD Leaderboard list of top stocks.
The firm develops cloud-based customer relationship management software for the life sciences industry. It recently blew past fiscal first-quarter expectations and served up a bullish full-year outlook.
12:49 p.m. ET
Tesla Stock Pops On AI Chip Deal
Tesla was a top performer on the stock market today as investors digested the firm's latest artificial intelligence move. On Sunday, Tesla chose Samsung Electronics in a $16.5 billion deal to manufacture some of its artificial-intelligence chips.
Tesla Chief Executive Elon Musk posted on X: "Samsung's giant new Texas fab will be dedicated to making Tesla's next-generation AI6 chip. The strategic importance of this is hard to overstate."
Samsung did not identify the client, but said the deal, equivalent to nearly 8% of its 2024 revenue, runs through 2033. While the initial deal is valued at around $16.5 billion, Musk added on X that the total amount is "likely much more than that."
Tesla stock rallied more than 4% in midday action Monday. It has now recaptured its 50-day moving average, a bullish move.
Nevertheless, Tesla currently has a lackluster IBD Composite Rating of 51 out of 99 and an EPS Rating of 56. It is also lagging the benchmark S&P 500 year to date, as it is currently down nearly 19% in 2025.
Samsung already makes Tesla's AI4 chip while Taiwan Semiconductor Manufacturing is making the AI5 chip. The latter stock fell 1.3% on the stock market today.
11:41 a.m. ET
Trump Expects This Tariff Rate
Trump was sharing more details on his vision for tariffs during a meeting with United Kingdom Prime Minister Keir Starmer at his golf course in Turnberry, Scotland, on Monday.
"For the world, I would say it'll be somewhere in the 15% to 20% range," Trump said, adding that he wants "to be nice."
The president added that it would be unrealistic to sit down and do hundreds of deals with individual countries and that this would be the levy "for essentially the rest of the world." It represents an increase on the 10% baseline tariff announced in April.
He also said that securing a deal with China before the Aug. 1 will be "tough," but also said "we're gonna see what happens."
Stock Market Today: First Bancorp Stock Clears Entry
Regional banks have managed to squeeze out a gain so far in 2025. And First Bancorp made a bullish move by clearing a cup base entry 50.34 Monday with a gain of 1.5%, MarketSurge analysis shows.
This is a first-stage base, a positive. It has been rallying in high volume since turning in a 24% gain in earnings per share to 87 cents last week.
Overall performance is strong here, with its IBD Composite Rating sitting at 92 out of 99. It also ranks among the top 18% of issues in terms of price performance over the past 12 months.
First Bancorp is both a stock market and industry standout so far in 2025, with its gain currently sitting at almost 16%. Earnings are seen rising 29% this year before slowing to 8% growth in 2026.
The First Bank parent operates more than 100 branches in North Carolina and South Carolina.
10:40 a.m. ET
Cheniere Energy Pops On EU Pledge
Cheniere Energy was among the stocks making gains following the announcement of a U.S.-EU trade agreement.
The EU has agreed to buy $750 billion of U.S. energy products under the deal announced by President Trump at the weekend. This includes snapping up more liquefied natural gas.
This was good news for Cheniere Energy, which is the U.S.'s largest exporter of LNG. While it gave up some premarket gains, Cheniere Energy stock was up more than 2% on the stock market today.
It hit resistance at the 50-day moving average. However, it continues to form an early-stage consolidation with an ideal entry point of 257.65, according to MarketSurge analysis. Its recent high of 246 could serve as an alternate entry.
Among other LNG providers, Venture Global rallied more than 3% while NextDecade rose more than 1%.
9:47 a.m. ET
Early Winners And Losers: Nvidia, Shopify, TSMC
Nvidia shares rallied almost 1% Monday morning, hitting another record high. They are extended beyond a 153.13 buy point. Shopify climbed nearly 2%, on pace to add to Friday's 1.9% advance.
On the downside, Taiwan Semiconductor sold off 1%, threatening to snap a three-day win streak.
9 a.m. ET
Dow Jones Movers: Amazon, Cisco, UnitedHealth
Inside the Dow 30, Amazon, Cisco Systems and UnitedHealth Group were among the early movers.
Amazon stock climbed nearly 1%, and now is extended past a 214.84 entry ahead of this week's earnings report. Cisco shares slipped more than 1% after Evercore ISI downgraded the stock from outperform to in-line.
Finally, UnitedHealth rose more than 1% in premarket action, with the company set to report second-quarter results early Tuesday.
8:47 a.m. ET
Stock Market Today: Nike Jumps On Upgrade
Dow Jones Industrial Average component Nike jumped 4% Monday after JPMorgan Chase upgraded the stock from neutral to overweight and raised its price target from 64 to 93.
Nike stock is set to break out past a 77.50 cup-with-handle entry.
8:07 a.m. ET
Trump Trade Announcement
President Donald Trump announced a trade deal with the European Union on Sunday after meeting with European Commission President Ursula von der Leyen in Scotland. Further, the U.S. will impose a 15% tariff on most European goods, including autos.
Tariffs on the EU had been 10%, but 25% tariffs on key goods such as auto exports. Trump had threatened 30% tariffs on the EU in May.
In addition, Trump said the EU will buy a lot of U.S. energy and military gear. Trump has made similar claims following other trade deals, with some countries disputing various specifics.
Stock Market Today: Fed Meeting, Jobs Report, Magnificent Seven Earnings
The Federal Reserve's two-day policy meeting kicks off Tuesday, with an interest rate decision Wednesday. Meanwhile, the July jobs report is set for Friday. Economists expect the U.S. economy added 120,000 net new jobs, all in the private sector. They also see the unemployment rate ticking back up to 4.2%.
Besides the Fed, Magnificent Seven stocks Amazon, Apple, Microsoft and Meta Platforms are all due to report this week. Also reporting is Boeing and four other Dow Jones Industrial Average stocks.
Please follow Michael Larkin on X at @IBD_MLarkin for more analysis of growth stocks
Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on growth stocks, the Dow Jones Industrial Average and the stock market today.
