Major stock indexes closed out the trading day mostly lower Tuesday after wavering between positive and negative ground. The Dow Jones Industrial Average posted the largest loss of the three leading indexes on the stock market today.
The Dow was weak throughout the day Tuesday, and finished 0.4% lower. Still, the 30-stock index is holding support at the 44,000 level.
The Nasdaq composite inched fractionally higher in Tuesday's session. The S&P 500 shed less than 0.1%. Small caps led the market, with the Russell 2000 index climbing nearly 0.7%. The Russell recouped about half of Monday's drop of nearly 1.6%.
Volume was higher on the Nasdaq and New York Stock Exchange compared with Monday, in preliminary numbers. Advancers beat decliners by around 9-to-5 on both exchanges.
The 10-year Treasury yield edged up to 4.4% Tuesday afternoon. Oil prices climbed to around $68.30 a barrel. And bitcoin climbed past the $108,800 level.
3:33 p.m. ET
Stock Market Today: Two Banks Weigh Heavy On The Dow
Dow Jones laggard JPMorgan Chase sank more than 3% after HSBC downgraded the Big Bank to reduce from a hold rating. Shares are coming off an all-time high reached Thursday.
JPMorgan stock is extended from a three-weeks-tight pattern entry at 267.12. The IBD Leaderboard name is finding support at its 21-day exponential moving average.
Goldman Sachs also weakened as the session wore on, increasing its loss to nearly 2%. The bank stock is extended from a cup-with-handle buy point of 620.79.
Outside Dow Jones components, Fair Isaac felt another round of pain as it racked up an 11% loss, after plunging in late May. Shares knifed below their 50-day line Tuesday.
The move came following news the Federal Housing Finance Agency posted on social media that some agencies will be able to use another credit scoring model beyond FICO scores.
2:39 p.m. ET
Copper, Pharma Stocks Get A Boost
President Donald Trump announced new levies on copper imports and threatened to impose a 200% duty on pharmaceuticals, sending stocks in both industries higher.
During a Cabinet meeting Tuesday afternoon, Trump said, "I believe the tariff on copper, we're going to make it 50%." That lifted copper prices to new highs and sent miners surging on the stock market today.
Copper mining stock Freeport-McMoRan shot up around 4.4% Tuesday afternoon, following the news of new copper tariffs.
Southern Copper spiked on the news, then trimmed a larger gain to around 1% in recent trades. And Rio Tinto climbed 2.1%.
Meanwhile, Trump also said pharmaceuticals are expected to be next up for new tariffs, with duties on the items coming "very soon."
Pfizer, Eli Lilly and AbbVie all moved 1% higher or more in recent action.
Elsewhere, China-based financial stock Futu was a bright spot on a weak trading day, with its 7.1% rally.
The IBD 50 name is extended from the buy zone of a cup-with-handle base with a 118.52 buy point. Shares reached a 52-week high on the stock market today.
Stocks Quiet, Copper Spikes Amid Trump Tariff News
12:58 p.m. ET
Stocks On The Move: Gold Names Plummet
Two IBD 50 gold stocks were big losers on the list of growth names as gold prices fell more than 1%: Triple Flag Precious Metals and Agnico-Eagle Mines.
Triple Flag sank 7% and pulled back to the 22.96 buy point of a consolidation pattern. Shares have given back a 10% gain from the buy point, creating a round-trip sell signal. Shares found support at their 10-week moving average.
Agnico-Eagle fell 5% and undercut its 50-day line. Shares are in a cup-with-handle base with a 126.65 buy point, according to MarketSurge pattern recognition.
Outside of gold names, SoundHound surged more than 12% in heavy trading, adding to Monday's 2.6% jump. But shares have a long way to dig out, as they have lost 36% so far this year.
11:58 a.m. ET
No Extensions On Tariffs
On Tuesday, Trump posted on social media that no further extensions would be granted regarding tariffs. The administration said Monday that it would impose tariffs on at least 14 nations by Aug. 1 but Trump added that was not necessarily a firm date. Many of those countries had faced a Wednesday deadline, but Trump issued an extension.
"There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 – No extensions will be granted," Trump's post said.
Stock Market Today: Fintech Name Taps Into SpaceX
IBD 50 name SoFi Technologies jumped more than 4% on news the financial services company will be adding avenues for investors to tap into private markets. SoFi will be offering new funds that will allow investors access to private companies, including OpenAI and Elon Musk's SpaceX.
Datadog fell another 4%, adding to Monday's 1.8% drop. Tuesday's move lower came after Guggenheim downgraded the stock to sell from neutral with a price target of 105, or 29% lower than its price in recent trades. Shares rallied 14.9% on July 3, on news Datadog would be added to the S&P 500 Wednesday before the market open.
Bank of America retreated nearly 3% Tuesday after U.K.-based financial firm HSBC downgraded the Big Bank stock to a hold rating from buy. The stock gave back gains as it fell back below the 47.98 buy point of a consolidation pattern.
10:38 a.m. ET
Treasurys Up, Oil Down
The 10-year Treasury yield edged up to 4.43%. Oil prices dipped to around $67.70 a barrel. And bitcoin climbed to over the $109,200 level.
Among exchange traded funds, the Invesco QQQ Trust was relatively unchanged. The SPDR S&P 500 ETF eased 0.1% in the first hour of trading Tuesday.
In economic news, the National Federation of Independent Business Small Business Optimism Index dipped to 98.6 in June vs. the 98.7 estimate. It also lagged May's 98.8 reading.
President Donald Trump said he planned to enact tariffs by Aug. 1 on 14 nations where levies were suspended for 90 days in April. Investor worries were eased somewhat after Trump said, "I would say firm, but not 100% firm," when asked about the Aug. 1 deadline late Monday.
Stock Market Today: IPO Movers
The market for initial public offerings was reignited this year with a handful of new issues making their debut.
IBD 50 stock Circle Internet Group gave back 1% of Monday's hefty 9.9% gain. Mizuho initiated coverage on the stock with an underperform rating and a price target of 85. The stock priced at $31 in its IPO, and currently trades around 205.
Chime Financial gained 0.8%, putting it on pace for three straight rising sessions. The mobile banking app stock is forming an IPO base with a 44.94 buy point.
Hinge Health showed a 0.8% loss, adding to Monday's 7.6% plunge. The virtual physical therapy provider stock is back below the 43.80 entry point of an IPO base.
9:16 a.m. ET
Solar Stocks Tumble On Trump Order
Late Monday, President Donald Trump ordered the end of clean-electricity tax credits within 45 days after the so-called "big beautiful bill" takes effect.
As a result, Enphase Energy tumbled 4%, while First Solar lost nearly 5%. Recent breakout stock Nextracker dropped nearly 4%, but was still above a 63.19 buy point.
8:36 a.m. ET
Dow Jones Movers: Goldman, JPMorgan, Sherwin-Williams
Goldman Sachs and JPMorgan, along with paint supplier Sherwin-Williams were early movers Tuesday morning among Dow Jones industrials.
Goldman stock dropped 0.7%, but remained firmly above a 620.79 buy point. Shares of JPMorgan declined 1.1%, yet stayed squarely above a 269.52 entry.
Sherwin-Williams stock rallied nearly 2%, but was still below its 50-day moving average after Monday's decline.
8:01 a.m. ET
Dow Jones AI Giant Nvidia, Tesla Bounce
Dow Jones member Nvidia Nvidia stock added 0.8% Tuesday morning, erasing Monday's losses and moving back near its all-time highs.
Tesla stock gained 1.1% premarket Tuesday, recovering a part of Monday's nearly 7% plunge after Chief Executive Elon Musk announced plans to form a new political party. Tesla had plunged below its 50-day and 200-day moving averages.
Stock Market Today: Trump Tariff News
Midday Monday, Trump sent letters threatening tariffs of 25% or more to the leaders of Japan, South Korea and five other nations. The move turns up the heat on two close U.S. allies – Japan and South Korea – as months of trade talks have yet to seal a deal. It also sent major stock indexes to session lows.
Trump's "reciprocal" tariff pause announced on April 9 comes to an end on Wednesday. Trump and Treasury Secretary Scott Bessent have warned countries that don't agree to a deal by then should expect their tariff rate to jump back to the April 2 level, though the rates announced Monday wouldn't take effect until Aug. 1.
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.
And follow Kimberley Koenig for more stock market news on X, the platform formerly known as Twitter, @IBD_KKoenig.
