Stock Market Today: Nasdaq Hits Milestone; Trump Media Stock Rises (Live Coverage)
Stocks closed mixed on Tuesday, with the Dow Jones Industrial Average and small caps falling while the Nasdaq hit an all-time high in the stock market today.
The Dow fell 0.4% and closed near session lows. The Nasdaq Composite rose 0.8%. The S&P 500 rose 0.2% after indexes saw a late pullback.
↑
X
Nasdaq hits higher on mixed day; Waste Management, Brown & Brown, Samsor in Focus
The small-cap Russell 2000 fell 0.3%, giving back some of Monday's 1.6% gain. Innovator IBD 50 ETF (FFTY) added 0.4%.
Volume rose on the New York Stock Exchange and Nasdaq, according to unconfirmed data.
On the Nasdaq exchange, declining stocks topped gains 9-to-7 despite the index's gains. And on the New York Stock Exchange, losers beat gainers by about 12-to-5.
the alphabet ( GOOGL ) rose nearly 4% in after-hours trading after the company reported third-quarter earnings, which topped expectations. The stock rose about 1% in the regular session.
The 10-year Treasury yield held at 4.27%. Crude oil on the Nymex closed down 0.3% at $67.14 a barrel.
Stock Action: Warren Buffett in the Stock Buy Zone
IBD 50 stocks and Warren Buffett stocks Now holdings (NU) rose more than 1% and is in a buy zone from a flat-base 15.16 buy point to 15.92. Shares are up 88% so far this year. Its relative strength line has 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 The tool maker ( SWK ) crated more than 8% on massive volume after missing Q3 sales estimates. A steep drop below the 50-day line triggered a sell signal, though shares found support around the 200-day line.
3 pm ET
Trump's stock rally in the stock market today
Trump media and technology (DJT) popped nearly 14% on heavy volume and returned near the day's highs on a day of wild swings. The stock was temporarily closed five times on Tuesday morning in volatile moves.
Tuesday's gain followed Monday's 21.6% gain and Friday's 11.4% gain. Former President Donald Trump owns a 57% stake in Trump Media, the parent company of social media site Truth Social
Magnificent Seven stocks the alphabet ( GOOGL ) advanced 1.9% after the company reported third-quarter earnings after the market closed
Fellow Magnificent Seven and Dow Jones stocks Microsoft ( MSFT ) advanced 1.3% after the market closed on Wednesday with big tech earnings. Another Dow Jones stock, Amazon.com (AMZN), rose 1.4% with the company reporting earnings due to Halloween.
1:32 p.m. ET
Data storage stocks are bullish
Comvault (CVLT) rose more than 20% after the company's financial second-quarter adjusted profit and revenue results topped expectations. The data backup and recovery provider also raised its fiscal third-quarter and fiscal 2025 sales guidance. Shares reached the top of a flat base's buy range with a buy point of 157.13. The stock market hit a record high today.
Rubric (RBRK) trimmed 6% gains in recent trading. The data management and cyber security stock now expands from a wide and loose base with 40 buy points. The stock started trading on 25 April with an offer price of 32.
Insight ( INCY ) rose 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 an entry of 70.36. Its buy range goes to 73.88. The company makes drugs for cancer, dermatology and autoimmune diseases.
Harmonic ( HLIT ) sold more than 24% after the company's expected third-quarter results but lower full-year 2024 sales and EPS guidance than previously provided. The video broadband technology company crossed its 50-day and 200-day lines, triggering sell signals.
12:07 pm ET
Stock Market Today: Footwear stocks show mixed results
VF Corporation (VFC) has rocketed more than 23% in mammoth volume and is on pace for its biggest gain on record, according to Dow Jones market data. The outdoor apparel and footwear maker missed fiscal second-quarter adjusted profit and sales forecasts. Shares extended above the buy zone of an 18.86 cup-with-handle buy point.
Crocs ( CROX ) skidded more than 17% on massive volume after the footwear maker beat Q3 top- and bottom-line estimates but cut its full-year earnings guidance range. The stock dipped deeply below its 50-day and 200-day lines, triggering a sell signal.
Zebra Technologies ( ZBRA ) trimmed morning gains to about 5% after the firm reported better-than-expected third-quarter adjusted earnings and revenue. It delivered fourth-quarter profit and sales estimates above forecasts. The stock bounced back from erratic base to buy zone at 372.93 to 391.58.
Cadence Design System ( CDNS ) rose more than 11% after the company reported third-quarter profit and sales results that beat estimates. The stock has recovered its 50-day line and is in an undetermined base in the lower half. However, the stock remains below its 200-day line.
10:42 am ET
Job opportunities are decreasing
The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS, showed 7.443 million job openings in September. It missed estimates of 7.9 million and a revised August opening of 7.861 million.
The Conference Board's October consumer confidence report rose to 108.7 and surpassed the 99.1 consensus, up from 98.7 in September.
Earnings movers
F5 ( FFIV ) rose more than 12% on heavy volume after the company topped fiscal fourth-quarter adjusted earnings and sales estimates and gave revenue guidance above estimates. Shares hit a 52-week high and crossed an area of tight trading near 224.
Boot barn (BOOT) tumbled more than 20% on heavy volume. The retailer's financial second-quarter profit and revenue were better than expected, but its Q3 earnings guidance was below the view. Also, it announced that its CEO Jim Conroy will leave next month. The shoe retailer fell below its 50-day moving average after trading near 52-week highs.
Transmedics Group (TMDX) plunged nearly 30% on massive volume after the company sorely missed 3-quarter profit and revenue estimates. It also gave a full-year sales outlook below expectations. The organ transplant technology company fell further below its 50-day line and below its 200-day moving average, a sell signal.
Stock Market Today: PayPal, DR Horton Sync
PayPal Holdings (PYPL) sank nearly 6.6% after the payment processor missed third-quarter sales estimates but topped earnings forecasts. Shares rebounded after hitting a 52-week high on Monday. PayPal stock is still above its 50-day line.
Pfizer The company shed 1% after reporting better-than-expected third-quarter profit and sales (PFE) and raised its full-year 2024 earnings guidance, which topped views. The stock has pushed up to its 50-day line, finding resistance, as it works in a flat base with a 31.54 buy point. A trendline entry near 30.40 is also seen.
DR Horton ( DHI ) fell more than 12% on massive 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 dipped further below its 50-day line and lowered its 200-day line, triggering a sell signal. The stock is on track for its biggest decline since March 16, 2020, when it fell 20.2%, according to Dow Jones Market data.
Sharp drops dragged rival homebuilder stocks Pult Group (PHM) decreased by more than 5% and M/I Homes (MHO) is about 6%.
Running stocks: Trump stocks have another good day
Corning ( GLW ) rose more than 7% as the industrial glass maker topped Q3 adjusted profit and sales estimates. It issued Q4 EPS and above opinion guidance. Shares extend from a cup-with-handle base with a 45.60 buy point.
Lidos Holdings ( LDOS ) popped 8.5%, following the company's beat on third-quarter adjusted earnings and revenue. The national security technology company raised its full-year 2024 sales and profit guidance. Shares expand and hit all-time highs in the stock market today.
Follow Kimberley Koenig on X/Twitter for more stock market news @IBD_KKoenig.
You may also like:
Digital advertisers are ready to earn Stock to watch
Insurance stocks hit 160 mph winds from Hurricane Milton Stock to watch
Looking for market insight? Check out our live daily segment Stock to watch
Broadcom recovers from steep drop as sales growth picks up steam Stock to watch
Gold Prices Hit New Highs, Is Now Time to Buy Gold Stocks and ETFs or Cash Out? | Stock to watch
About The Author
