The Dow Jones Industrial Average and other major stock indexes tumbled Tuesday amid rising U.S.-Russian tensions. An early earnings mover on the stock market today was Walmart, while Nvidia gave up its recent buy point during Monday's drop.
After the opening bell, the Dow Jones Industrial Average fell 1%, or 450 points, while the S&P 500 dropped 0.5%. The tech-heavy Nasdaq composite traded down 0.2% in morning trading.
Early Tuesday, the 10-year Treasury yield fell to 4.37%. Oil prices dipped, as West Texas Intermediate futures traded around $69 per barrel.
Among exchange traded funds, the Invesco QQQ Trust dropped 0.2%, as the SPDR S&P 500 ETF declined 0.5% after the open.
Over the weekend, President Joe Biden authorized Ukraine to use U.S.-supplied missiles for deeper strikes into Russia. And Ukraine used those missiles to strike a Russian border city Tuesday.
Meanwhile, Russian President Vladimir Putin updated Russia's nuclear doctrine to lower the threshold for a nuclear strike.
Chip giant Nvidia sold off 1.3% Monday, extending Friday's losses. Shares tried to bounce back from those losses Tuesday morning, up 1.2%. Nvidia stock closed Monday below a recent 140.76 buy point.
The newest Dow Jones component is scheduled to report earnings late Wednesday. For the fiscal fourth-quarter, Wall Street currently expects Nvidia to earn 75 cents a share, up 86%, on sales of $33.1 billion, up 83%, per IBD MarketSurge.
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Stock Market Today: Walmart Earnings, Economic Data
Walmart rallied 3% early Tuesday after the company topped earnings estimates and raised its full-year 2025 profit and revenue outlook.
Other earnings movers Tuesday morning include Lowe's and Viking Holdings. Lowe's stock sold off 4.3%, while shares of Viking moved 4.4% lower.
Housing starts and building permits for October from the Commerce Department came out Tuesday morning. Starts fell to 1.311 million, while permits dipped to 1.416 million, both less than expected.
Starts were expected to fall to 1.3 million vs. 1.354 in September, while permits were expected modestly lower at 1.4 million vs. 1.428 million the previous month, according to Econoday estimates.
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Dow Jones Falls
On Monday, the Dow Jones Industrial Average fell 0.1%, while the S&P 500 rose 0.4% and the Nasdaq composite climbed 0.6%. The small-cap Russell 2000 index inched higher, snapping a four-day losing streak.
Among the best companies to watch on the stock market today are Broadcom, Costco Wholesale, Deckers Brands and FanDuel parent Flutter Entertainment.
Dow Jones components making notable moves are Amazon.com, Apple, Microsoft and Salesforce.
Salesforce and Broadcom featured in this Stocks Near A Buy Zone column.
There were no new stocks on IBD MarketSurge's "Breaking Out Today" list Monday due to the recent market weakness. Check for 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.
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Dow Jones: Salesforce Pulls Back
Dow Jones software leader Salesforce is back in buy range above a 318.71 buy point, according to MarketSurge pattern recognition. Shares lost 0.3% on Tuesday.
Outside the Dow Jones index, artificial intelligence giant Broadcom is below support around its 50-day line, as it continues to build a flat base that has a 186.42 alternative entry. Broadcom shares fell 0.6% Tuesday.
Heico is testing support at its flat base's 269.38 buy point and is a recent IBD Stock Of The Day. Shares rose 0.4% early Tuesday.
Deckers stock is in buy range past a 172.57 buy point in a cup-with-handle base. Shares were down 2% Tuesday.
Shares of Flutter jumped past a 252.84 buy point in a flat base during last week's jump to new highs. The stock dipped 0.3% Tuesday morning.
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Stock Market Today: Companies To Watch
These are four stocks in or near buy zones in today's stock market.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Ferrari | 498.23 | Flat base | |
| Costco Wholesale | 923.83 | Flat base | |
| Broadcom | 186.42 | Handle entry | |
| Deckers Brands | 172.57 | Handle entry |
Source: IBD Data as of Nov. 12
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Magnificent Seven Stocks: Alphabet, Meta, Tesla
Among Magnificent Seven stocks, Alphabet climbed 0.3% in morning trading. Shares are below a 182.02 buy point in a cup with handle following a short-lived breakout attempt.
Meta Platforms gave up its 50-day line last week, but is still near a flat base's 602.95 buy point. Shares inched lower Tuesday.
Tesla stock reversed up 0.3% Tuesday following Monday's 5.6% rally. Shares of the electric-vehicle giant are back near new highs.
Dow Jones Leaders: Amazon, Apple, Microsoft
Among Dow Jones components in the Magnificent Seven, Amazon stock dropped another 0.5% Monday, and lost 0.4% in early trading Tuesday. Amazon shares are just above a consolidation's 201.20 buy point.
Shares of Apple are vacillating above and below their 50-day line, as they continue to consolidate after a new high on Oct. 15. The stock moved 0.1% higher Tuesday morning.
Microsoft shares fell 0.8% Tuesday morning. The stock remains below its 50-day line, a key level to watch.
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.
