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Investors Business Daily
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KIMBERLEY KOENIG

Stock Market Today: Nasdaq Gains 2% As Nvidia Leads Dow Higher; Apple Climbs Again (Live Coverage)

The Dow Jones Industrial Average and the other major indexes held hearty gains in the final hours of trading Tuesday, as select artificial intelligence and related stocks tried to recoup some of Monday's steep losses. Nvidia picked up momentum as the day went on, but retrieved only a portion of its nearly $600 billion tumble on the stock market today.

The Dow lagged the other major indexes but managed to climb 0.3% by the close, as Nvidia led the 30-stock index. On Monday, it was the only major index to post a gain, despite Nvidia's 17% tumble.

The S&P 500 stood near the day's highs with a 0.9% rise. It remained above the 6,000 level and its 50-day moving average.

The Nasdaq composite led the major indexes and rebounded 2% after losing 612 points Monday, or more than 3%. The index fell below its 50-day line in Monday's fall but regained that along with its 21-day exponential moving average Tuesday.

Small caps started out slow, but reversed higher with the Russell 2000 climbing 0.4% and topping its 21-day line. It remains below the 50-day, however.

On the Nasdaq exchange, rising stocks narrowly topped falling issues, while on the New York Stock Exchange, losers held the edge over gainers. Volume fell on both exchanges vs. the same time Monday.

Meanwhile, bitcoin climbed 0.5% to sit above the $101,200 level. And crude oil popped 1% to around $73.90 a barrel Tuesday afternoon.

Stock Market Today: Apple Climbs For Second Day

Apple climbed another 3.7% on top of Monday's 3.2% gain. Shares bumped up to and tested the 50-day line Tuesday. Apple stock is trying to recover from a steep sell-off that activated a sell signal after shares deeply undercut the 50-day line.

The iPhone maker is expected to report its fiscal first-quarter earnings numbers Thursday after the market close.

And in a dramatic turn of events, Commvault Systems turned a 19% plunge into a gain by the end of trading Tuesday. Shares initially fell despite the data backup company's better-than-expected fiscal third-quarter adjusted earnings and revenue. Shares fell below the 200-day line, flashing a sell signal, but the stock climbed back into its base with a 1.1% gain on massive volume.

Another reversal came from SoundHound, which dropped more than 10% at one point Tuesday but recovered to record a 1.1% gain. The stock and undercut its 50-day line, flashing a sell signal but now sits right at the benchmark. Shares had lost around 20% in three trading sessions but had already sold off more than 30% the first full week of January.

Payment processing giant and Dow Jones component Visa tried to advance 0.6% as it looked to climb for its ninth day out of the last 10 sessions. But shares fell just short of a gain.

Elon Musk's X social media platform is teaming up with Visa to offer a payment feature to its users.

Before retreating, Visa stock touched a new high on the stock market today. Shares are extended from a three-weeks-tight pattern with a 321.62 entry.

3:27 p.m. ET

Tesla Tries To Switch Gears

In separate news, Musk's Tesla switched gears and edged higher as it looked to end a five-day losing streak in a final push Tuesday afternoon. Tesla was trying to retake its 50-day line, but shares of the electric vehicle behemoth are finding resistance at 400. Tesla reports fourth-quarter earnings results Wednesday after the market close.

IBD 50 name Celestica recovered 8.2% of Monday's 28.2% plunge in huge volume. The stock sliced through its 50-day line Monday, triggering a sell signal, but is climbing back to the line and finding resistance. The electronics product company also reports its fourth-quarter financial results Wednesday after the bell.

1:39 p.m. ET

ServiceNow Jumps As Earnings Loom

ServiceNow popped in heavy volume and broke out of a flat base with a 1,157.90 buy point. The IBD 50 name is in a buy range up to 1,215.80 ahead of the company's fourth-quarter earnings release Wednesday after the market close. ServiceNow stock reached a new high on the stock market today and its relative strength line reached a new high.

Fourth-quarter profit estimates call for a 17% lift on another quarter of 22% sales growth. ServiceNow operates a platform used to automate business workflow used by customer service, human resources and operations departments. The stock holds perfect 99 scores for IBD Composite and Earnings Per Share Ratings.

Northern Trust climbed out of a base with a 111.87 entry and is in a buy zone up to 117.46. Its RS line hit a 52-week high. The banking and wealth management stock is on pace for its 10th gain out of the last 11 sessions. Northern Trust topped fourth-quarter profit and revenue estimates Thursday.

On the losing end of the IBD 50 is Argan, as it continued to fall deeper below its 50-day line. Argan has given back all of its gains after breaking out of a cup base with a 165.33 buy point Jan. 14.

Shares are around 23% below the buy point after rising 16% from it. The drop had already triggered the 7% sell rule as well as the round-trip sell rule. The stock has also undercut its 50-day line in heavy volume, which is another sell signal. Argan provides construction and infrastructure services for data centers, energy and other industries.

Nvidia Rebounds, Leads Dow Jones

Dow Jones component Nvidia made up some ground after Monday's near-17% plunge in huge volume. The stock was the biggest gainer on the Dow Jones index Tuesday afternoon.

Monday's steep drop below the 50-day moving average had triggered a sell signal, and shares also violated the 200-day moving average. Nvidia stock's sell-off erased nearly $600 billion in market capitalization in one day. The stock, however, climbed back above the 200-day line in the stock market today.

Oracle climbed back more than 3.5% after losing 13.8% Monday and knifing through its 50-day line.

12:18 p.m. ET

Stock Market Today: CrowdStrike Breaks Out To New High

CrowdStrike Holdings soared and broke out of a flat base with a 389 buy point, according to MarketSurge pattern recognition. Shares of the cybersecurity name are in a buy range up to 408.45. The stock reached an all-time high in heavy trading as it topped the 400 watermark for the first time.

Carnival bolted higher and broke out of a flat base with a 27.16 buy point and is in the buy zone up to 28.52. The cruise line operator's relative strength line reached a 52-week high as shown by the blue dot on its MarketSurge chart. Shares are back to a level not seen since June 2021.

GoDaddy gained more than 4% and broke out of a flat base with a 211.11 buy point. The buy zone goes up to 221.67. The stock reached a record high while its RS line also hit a new high.

10:41 a.m. ET

Fed Decision On Tap Wednesday

The Federal Open Market Committee begins a two-day meeting Tuesday with an interest rate policy announcement due out Wednesday afternoon. Expectations are for the benchmark interest rate to remain at 4.25% to 4.5%.

December durable goods orders unexpectedly fell 2.2% vs. the 0.8% lift economists expected and was weaker than November's 1.1% decrease. The reading without transportation edged up 0.3% vs. the 0.4% growth forecast and better than November's 0.1% dip. Core capital goods showed more positive action with a 0.5% boost vs. the 0.3% projected.

The Conference Board's January consumer confidence report came in at 104.1 and lagged the 106.3 consensus. It was also lower than December's revised 109.5 reading.

Cruise Line Pops On Earnings

Royal Caribbean popped sharply after the cruise line operator exceeded fourth-quarter adjusted earnings estimates. It also gave a full-year 2025 adjusted profit outlook that topped forecasts and announced it will offer Celebrity River Cruises starting in 2027.

Shares are trying to break out of a late-stage flat base with a 258.70 buy point, which is also its record high set on Dec. 9. Royal Caribbean retook its 50-day line on Tuesday's jump. The cruise line stock was added to IBD SwingTrader Tuesday.

Stock Market Today: Stock Market News And Analysis

Stock Market Today: Credit Card Name Tumbles

Synchrony Financial sank after the credit card and banking company missed fourth-quarter profit estimates but beat sales views. Shares fell back below the 69.39 buy point of a flat base as they undercut the 50-day line.

RTX added nearly 3% and broke out of a cup base with a 128.70 buy point in heavy volume. It is in the 5% buy zone up to 135.14. The defense and aerospace company topped fourth-quarter adjusted profit and sales estimates and gave full-year 2025 revenue and sale guidance mostly in line with estimates.

Follow Kimberley Koenig for more stock market news on X/Twitter @IBD_KKoenig.

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