Stocks closed mixed Tuesday, with the Dow Jones Industrial Average and small caps falling while the Nasdaq climbed to an all-time high in the stock market today.
The Dow shed 0.4% and closed near session lows. The Nasdaq composite rose 0.8%. The S&P 500 increased 0.2% after indexes saw a late pullback.
The small-cap Russell 2000 fell 0.3%, handing back some of Monday's 1.6% gain. The Innovator IBD 50 ETF added 0.4%.
Volume rose on the New York Stock Exchange and the Nasdaq, according to unconfirmed data.
On the Nasdaq exchange, falling stocks topped rising issues by 9-to-7 despite the index's gain. And on the New York Stock Exchange, losers beat gainers by about 12-to-5.
Alphabet climbed about 4% in after-hours trading following the company's third-quarter earnings report, which topped expectations. The stock rose nearly 1% in the regular session.
The 10-year Treasury yield held at 4.27%. Crude oil fell around 0.3% to close at $67.14 a barrel on the Nymex.
Stock Action: A Warren Buffett Stock In Buy Zone
IBD 50 stock and Warren Buffett stock Nu Holdings climbed more than 1% and is in a buy zone up to 15.92 from a flat-base 15.16 buy point. Shares have climbed 88% so far this year. Its relative strength line reached a 52-week high, as shown by the blue dot on the weekly MarketSurge chart. Nu Holdings is Tuesday's IBD Stock of the Day.
Stanley Black & Decker cratered more than 8% in huge volume after the tool maker missed Q3 sales estimates. The steep drop below the 50-day line triggered a sell signal, even though shares found support around the 200-day line.
3 p.m. ET
Trump Stock Rallies In The Stock Market Today
Trump Media & Technology popped nearly 14% in heavy volume and was back near the day's highs in a day of wild swings. The stock was temporarily halted five times Tuesday morning in volatile action.
Tuesday's gain follows Monday's 21.6% increase and Friday's 11.4% rise. Former President Donald Trump owns 57% of the shares in Trump Media, the parent company of social media site Truth Social.
Magnificent Seven stock Alphabet advanced 1.9% ahead of the company's third-quarter earnings report due out after the market close.
Fellow Magnificent Seven and Dow Jones stock Microsoft advanced 1.3% with the Big Tech's earnings due Wednesday after the market close. Another Dow Jones stock, Amazon.com, rose 1.4% with the company's earnings report due on Halloween.
1:32 p.m. ET
Data Storage Stock Soars
Commvault surged more than 20% following the company's fiscal second-quarter adjusted profit and revenue results that topped expectations. The data backup and recovery provider also raised its fiscal third-quarter and fiscal 2025 sales guidance. Shares reached the top of the buy range of a flat base with a 157.13 buy point. Shares hit a record high on the stock market today.
Rubrik trimmed gains to 6% in recent trades. The data management and cybersecurity stock is now extended from a wide and loose base with a 40 buy point. The stock started trading on April 25 with an offering price of 32.
Incyte rallied 11.7% after the biotech beat third-quarter sales but missed adjusted earnings estimates. Management also raised its full-year net revenue guidance. The stock broke out of a flat base with a 70.36 entry. Its buy range goes to 73.88. The company develops drugs for cancer, skin disorders and autoimmune diseases.
Harmonic sold off more than 24% after the company's better-than-expected third-quarter results but lower full-year 2024 sales and EPS guidance than previously given. The video broadband tech company sliced through its 50-day and 200-day lines, triggering sell signals.
12:07 p.m. ET
Stock Market Today: Footwear Stocks Show Varied Results
VF Corp rocketed more than 23% in giant volume and is on pace for its largest increase on record, according to Dow Jones Market Data. The maker of outdoor apparel and footwear beat fiscal second-quarter adjusted profit and sales forecasts. Shares are extended above the buy zone of a 18.86 cup-with-handle buy point.
Crocs skidded more than 17% in enormous volume after the footwear maker exceeded Q3 top and bottom line estimates but lowered its full-year earnings guidance range. The stock sank deep below its 50-day and 200-day lines, triggering sell signals.
Zebra Technologies trimmed morning gains to around 5%, after the firm reported higher-than-expected third-quarter adjusted earnings and revenue. It also provided fourth-quarter profit and sales estimates above forecasts. The stock is back in the buy zone from 372.93 to 391.58 from an irregular base.
Cadence Design Systems soared more than 11% following the company's well-received third-quarter profit and sales results, which beat estimates. The stock reclaimed its 50-day line and is in the lower half an undefined base. The stock remains below its 200-day line, however.
10:42 a.m. ET
Job Openings Diminish
The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS, showed September job openings of 7.443 million. That missed the 7.9 million estimate and the revised August 7.861 million openings.
The Conference Board's October Consumer Confidence report rose to 108.7 and exceeded the 99.1 consensus, which was higher than the 98.7 in September.
Earnings Movers
F5 soared more than 12% in heavy volume after the company topped fiscal fourth-quarter adjusted earnings and sales projections and gave revenue guidance above estimates. Shares reached a 52-week high and passed an area of tight trading around 224.
Boot Barn tumbled more than 20% in heavy volume. The retailer's fiscal second-quarter profit and revenue was better than expected, but its Q3 earnings guidance was below views. In addition, it announced its CEO Jim Conroy will be leaving next month. The footwear retailer fell below its 50-day moving average after trading near 52-week highs.
TransMedics Group plunged nearly 30% in huge volume after the company sorely missed Q3 profit and revenue estimates. It also gave a full-year sales outlook below expectations. The organ transplant technology firm fell further below its 50-day line and dropped below its 200-day moving average, a sell signal.
Futures: Google Leads Earnings Movers After Nasdaq Hits High
Stock Market Today: PayPal, D.R. Horton Sink
PayPal Holdings sank around 6.6% after the payment processor missed third-quarter sales estimates but topped earnings forecasts. Shares pulled back after reaching a 52-week high Monday. PayPal stock is still above its 50-day line.
Pfizer reversed lower 1% after the company reported much higher-than-expected third-quarter profit and sales and raised its full-year 2024 earnings guidance, which topped views. The stock bumped up to its 50-day line, finding resistance, as it works on a flat base with a 31.54 buy point. A trendline entry around 30.40 also can be seen.
D.R. Horton plummeted more than 12% in huge volume after the homebuilder missed fiscal fourth-quarter adjusted earnings and revenue estimates. The company also gave fiscal 2025 sales guidance below analysts' forecasts. The stock sank further below its 50-day line and undercut its 200-day line, triggering a sell signal. the stock is on track for its largest decrease since March 16, 2020, when it fell 20.2%, according to Dow Jones Market Data.
The severe drop pulled rival homebuilder stock PulteGroup down more than 5% and M/I Homes around 6%.
Stocks On The Move: Trump Stock Has Another Good Day
Corning surged more than 7% after the industrial glass maker topped Q3 adjusted profit and sales projections. It also issued Q4 EPS and revenue guidance above views. Shares are extended from a cup-with-handle base with a 45.60 buy point.
Leidos Holdings popped 8.5% following the company's beat on third-quarter adjusted earnings and revenue. The national security technology company also boosted its full-year 2024 sales and profit guidance. Shares are extended and reached an all-time high on the stock market today.
Follow Kimberley Koenig for more stock market news on X/Twitter @IBD_KKoenig.
