Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were higher ahead of Tuesday's stock market open. The Federal Reserve's policy meeting kicks off Tuesday, while big earnings results from Magnificent Seven companies Apple, Amazon, Meta Platforms and Microsoft are due out later this week.
Key earnings movers late Monday include Lattice Semiconductor and Sprouts Farmers Market. Lattice shares tumbled more than 9% in extended trading, while Sprouts stock surged nearly 9%.
This week's biggest news is expected from the two-day Federal Reserve meeting that begins Tuesday with a policy announcement expected Wednesday. Markets see just a 4.7% chance of a rate cut on Wednesday, according to CME Group's FedWatch tool.
Meanwhile, markets have fully priced in a quarter-point Fed rate cut at the following meeting in September, with expectations of up to three cuts for the full year.
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Stock Market Today
On Monday, the Dow Jones Industrial Average moved down 0.1%, while the S&P 500 gained 0.1%. The tech-heavy Nasdaq composite inched higher.
Among the best companies to watch on the stock market today are Badger Meter, GE Aerospace, ServiceNow and Toll Brothers.
Also on the list are Dow Jones components Amazon, American Express, Apple, IBM and Microsoft.
IBM and Toll Brothers featured in this Stocks Near A Buy Zone column.
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Dow Jones Today: Oil Prices, Treasury Yields
Ahead of Tuesday's opening bell, Dow Jones futures gained 0.1% vs. fair value, as S&P 500 futures rose 0.2%. Tech-heavy Nasdaq 100 futures were up 0.3% vs. fair value. Remember that overnight action in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
On Monday, the 10-year U.S. Treasury yield ticked lower to 4.17%. And oil prices declined, as West Texas intermediate futures settled around $75.90 a barrel.
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What To Do Now
Now is an important time to read IBD's The Big Picture column amid the ongoing stock market action. Following Monday's session, be sure to check out today's The Big Picture and today's exposure level.
On Monday's IBD Live show, the IBD Live team discussed current trading conditions.
An essential resource for daily breakouts is IBD MarketSurge's "Breaking Out Today" list. It shows MarketSurge Growth 250 stocks that are breaking out past buy points. Notably on that list, LandBridge briefly broke out past a 32.91 buy point in an IPO base on the stock market today. Meanwhile, the MarketSurge "Near Pivot" list shows more stocks nearing buy points in bases.
To find more stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone. These features identify bullish patterns and buy points and are available to check every day.
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Dow Jones Stocks: American Express, IBM
Among Dow Jones components, payments giant American Express is in buy range above a flat base's 244.41 entry, according to MarketSurge pattern recognition. Meanwhile, IBM staged a breakout last week following the company's earnings report. Shares are above a 189.47 cup-with-handle entry.
Outside the Dow Jones index, Badger Meter is breaking out above a 202.81 entry in a flat base. GE stock's recent breakout past a 170.80 buy point remains under pressure, but shares are rebounding.
ServiceNow surged last week on second-quarter earnings results, topping a 806.52 handle entry but gave up that entry Monday. Finally, homebuilder Toll Brothers broke out past a 135.37 cup-base entry, with a 5.1% advance Monday.
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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 |
|---|---|---|---|
| ServiceNow | 806.52 | Handle entry | |
| KB Home | 74.66 | Flat base | |
| Toll Brothers | 135.37 | Cup base | |
| GE Aerospace | 170.80 | Flat base |
Source: IBD Data as of July 29
Magnificent Seven Stocks: Nvidia And Tesla
Among Magnificent Seven stocks, Nvidia and Tesla ended with sharply mixed action Monday.
Tesla stock raced 5.6% higher Monday, recovering a part of last week's sharp decline.
Nvidia stock, an IBD Leaderboard stock, slipped 1.3% Monday, further below its 50-day line. Shares remain sharply above a split-adjusted alternative buy point at 97.40.
Dow Jones Leaders: Amazon, Apple And Microsoft
Among Dow Jones stocks in the Magnificent Seven, Amazon is squarely below a 191.70 buy point in a flat base following last week's losses.
Apple stock inched higher Monday, still squarely off its recent record highs. Shares are extended above a cup base's 199.62 buy point.
Microsoft shares gained 0.3% Monday, still below its 50-day line and a flat base's 430.82 buy point.
Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
