The Dow Jones Industrial Average and other major index futures traded higher, as a critical inflation report produced no surprises for investors Friday. Meanwhile, Apple, Atlassian and Deckers Outdoor were big earnings movers on the stock market today,
After the opening bell, the Dow Jones Industrial Average rose 0.1%, while the S&P 500 climbed 0.5%. The tech-heavy Nasdaq composite traded up 1.2% in morning trades.
The 10-year Treasury yield ticked higher to 4.52% early Friday. And oil prices edged upward, with West Texas Intermediate futures trading around $72.80 per barrel.
Among exchange traded funds, the Invesco QQQ Trust was up 1.2%, as the SPDR S&P 500 ETF rose 0.5% after the open.
The major stock indexes are wrapping up the month with some solid gains despite some volatile action. The Dow Jones Industrial Average is up 5.5% in January, while the S&P 500 has climbed 3.2%. And the Nasdaq has risen nearly 2%, at the start of the final trading session of the month.
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Stock Market Today: Apple Earnings; Inflation Data
The Commerce Department's personal income and outlays report came out Friday morning. Included in the report is the Federal Reserve's favored inflation indicator for making interest rate decisions, the core PCE price index. It rose 0.2% on the month for December, in line with estimates, with an annual increase of 2.8%, also meeting expectations.
In stocks, Apple beat Wall Street's earnings target for its fiscal first quarter while matching views on sales. Apple stock rallied nearly 2% in morning trading, retaking a key level and flashing a bullish buy signal.
Deckers plunged 14% Friday morning despite strong fiscal third-quarter results. The company also raised its sales outlook for fiscal 2025, fueled by momentum in its Hoka and Ugg brands, but Barron's reported the forecast was light, compared with expectations.
Other key earnings movers Friday morning include Atlassian, Chevron and Exxon Mobil. Atlassian shares soared by 17%, breaking out past a 287.97 cup-base entry. Chevron sold off 1.5%, while Exxon stock added 0.2%.
Elsewhere, Vertex Pharmaceuticals jumped more than 4% after the FDA approved its non-opioid painkiller Journavx.
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Dow Jones, Other Major Indexes Rise
On Thursday, the Dow Jones Industrial Average managed a 0.4% gain after a rocky session while the Nasdaq gained 0.3%. The S&P 500 climbed 0.5%.
Among the best companies to watch in the current stock market are Netflix, Royal Caribbean, Shopify and Spotify.
Along with Apple and Nvidia, Dow Jones components making notable moves were Amazon.com, Microsoft and Walmart.
Meta and Walmart are featured in this Stocks Near A Buy Zone column.
Check out IBD MarketSurge's "Breaking Out Today" list for top growth stocks that are moving above correct buy points. 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: Walmart Breaks Out
Dow Jones retail giant Walmart broke out past a flat base's 96.18 buy point this week and is buy range, according to MarketSurge pattern recognition. Shares edged lower Friday.
Outside the Dow Jones index, streaming giant Netflix is in a buy zone past a 941.75 entry in a flat base following last week's earnings-fueled gains. Shares moved up 0.7% Friday.
Cruise operator Royal Caribbean soared on earnings this week, breaking out past a 258.79 flat-base entry. The stock moved up 0.1% Friday morning, extending itself further out of buy range.
Shopify continues to rally above a 115.37 double-bottom entry and is nearing an alternative buy point at 120.72. Shopify shares were up 0.5% Friday.
Finally, Spotify moved out of buy range past a flat base's 506.47 entry amid an eight-day win streak. Shares tacked on 0.2% Friday morning.
Shopify is on IBD Leaderboard, while Royal Caribbean is on SwingTrader.
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Stock Market Today: Companies To Watch
These are four stocks in or near buy zones in today's stock market, including a Dow Jones leader.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Netflix | 941.75 | Flat base | |
| Walmart | 96.18 | Flat base | |
| Spotify | 506.47 | Flat base | |
| Meta Platforms | 602.95 | Flat base |
Source: IBD Data as of Jan. 28
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Nvidia, Tesla At Key Levels
Nvidia bounced 0.8% Thursday, still trading wildly following Monday's plunge. Shares are right at their long-term 200-day moving average, and remain sharply below the 50-day line.
The artificial intelligence giant added 0.6% in early trading Friday as Wall Street continued to digest the impact of China's DeepSeek. DeepSeek reportedly is able to perform AI tasks for a fraction of the cost that U.S. companies charge.
And Tesla rallied nearly 3% Thursday, finding support around the 50-day line. A decisive rebound would place the Elon Musk-led company in a new buy area.
And Tesla stock moved up 3.9% in morning action Friday.
Dow Jones Leaders: Amazon, Microsoft
Besides Nvidia, another Dow Jones component in the Magnificent Seven is Amazon stock, which is in buy range above a 233 buy point in a flat base. That's a new buying opportunity for the e-commerce giant. It rose 1.4% in morning action Friday after hitting a new high Tuesday.
Finally, software giant Microsoft bounced 0.6% Friday. Shares plunged below their 50-day line Thursday after the company's earnings results.
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.
