The Dow Jones Industrial Average and other major indexes Tuesday traded mixed as Wall Street reacted to the morning's employment data. Tesla was an early loser after a Delaware judge rejected Chief Executive Elon Musk's 2018 pay package.
After the opening bell, the Dow Jones Industrial Average dropped 0.2%, while the S&P 500 was down 0.1%. The tech-heavy Nasdaq composite gained 0.1% in morning trades.
Early Tuesday, the 10-year Treasury yield ticked lower to 4.18%. Oil prices climbed, as West Texas Intermediate futures traded around $69.20 per barrel.
Among exchange traded funds, the Invesco QQQ Trust rose 0.1%, while the SPDR S&P 500 ETF was down modestly after the open.
Tesla skidded 1% Tuesday after Delaware Judge Kathaleen McCormick, in a late Monday decision, stuck with her January decision that Tesla's board was too heavily influenced by Elon Musk when awarding the original pay deal in 2018. At the time of the January ruling, the pay deal was worth some $56 billion.
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Stock Market Today: Jobs Data
Key earnings movers Tuesday morning include Credo and Zscaler. Credo soared 36%, while Zscaler stock plunged more than 5% in early trading.
Elsewhere, AT&T jumped 3.5% after the company said it expects its free cash flow to be more than $18 billion in 2027. Shares closed Monday in buy range above a 22.34 flat-base entry.
On the economic front, the U.S. Labor Department's Job Openings and Labor Turnover Survey, or JOLTS report, showed job openings at a rate of 7.744 million. The JOLTS report was expected to show job openings at a 7.49 million rate in October, up slightly from 7.443 in September.
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Dow Jones Hits New High
On Monday, the Dow Jones Industrial Average slipped 0.3%, while the S&P 500 rose 0.2% and the Nasdaq composite climbed 1%.
Among the best companies to watch on the stock market today are Embraer, Cloudflare, TJX and Tradeweb Markets.
Dow Jones components making notable moves were Amazon.com, Apple, Microsoft and Sherwin-Williams.
Apple featured in this Stocks Near A Buy Zone column.
There was one new stock on IBD MarketSurge's "Breaking Out Today" list Friday, namely Apple. 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: Sherwin-Williams Above Buy Point
Dow Jones leader Sherwin-Williams is breaking out past a 392.57 buy point in a flat base, according to MarketSurge pattern recognition. Shares added 0.1% Tuesday.
Outside the Dow Jones index, Cloudflare has broken out in recent weeks, topping a 99.17 buy point in a cup with handle. The 5% buy zone runs up to 104.13, so shares are just out of buy range following Monday's rally. Cloudflare stock fell 0.9% Tuesday.
Embraer is in buy range above an alternative entry at 39.46 and is a recent IBD Stock Of The Day. Shares were down 0.6% early Tuesday.
Retailer TJX is above a 121.13 flat-base entry following strong gains. TJX stock inched up 0.2% in early Tuesday trading.
Finally, Tradeweb closed Monday just below a 136.13 entry in a flat base. Tradeweb stock gained 0.6% in morning action Tuesday.
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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 |
|---|---|---|---|
| Tradeweb | 136.13 | Flat base | |
| Sherwin-Williams | 392.57 | Flat base | |
| Broadcom | 186.42 | Consolidation | |
| TJX | 121.13 | Flat base |
Source: IBD Data as of Nov. 26
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Magnificent Seven Stocks: Alphabet, Meta
Among Magnificent Seven stocks, Alphabet edged higher after the opening bell. Shares have plunged below their 50-day line in recent weeks, but are rebounding.
Meta Platforms is rapidly approaching a flat base's 602.95 buy point. Shares ticked up 0.5% Tuesday.
Dow Jones Leaders: Amazon, Apple, Microsoft, Nvidia
Among Dow Jones components in the Magnificent Seven, Amazon stock rallied sharply in recent sessions, decisively retaking a 201.20 buy point. It added 0.5% in early trading Tuesday.
Shares of Apple are breaking out above a flat base's 237.49 entry. The stock was up 0.5% Tuesday morning.
Microsoft shares gained 0.2% Tuesday morning. The stock reclaimed its 50-day line, a key level to watch, during recent gains.
Nvidia stock rose 0.5% Tuesday, with the artificial intelligence titan looking to rebound following a sharp pullback over the last few trading sessions. Shares are bouncing from their 10-week moving average line, an important area to watch, which places Nvidia stock in a new buy area.
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.
