Dow Jones Rallies 400 Points, What To Do Now; 4 Tech Titans Report Earnings

Dow Jones futures were lower ahead of Tuesday’s open after the Dow Jones Industrial Average rallied more than 400 points Monday. Tech titans Alphabet, Apple, Meta Platforms and Microsoft have earnings due this week.

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But first, Dow Jones stocks 3M (MMM) and Coca-Cola (KO) will report early Tuesday. General Motors (GM), Halliburton (HAL), Raytheon Technologies (RTX) and UPS (UPS) will also be among the key reporters Tuesday morning.

Stock Market Today: Chinese Stocks Plunge

On Monday, the Dow Jones Industrial Average rallied 1.3% and the S&P 500 advanced 1.2%. The tech-heavy Nasdaq composite climbed 0.9%. And the small-cap Russell 2000 rose 0.35%.

Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) moved up 1.1% and SPDR S&P 500 (SPY) rallied 1.2%.

Chinese stocks were pummeled Monday, as China’s Hang Seng Index dived 6.4%, closing at its lowest level since April 29, 2009. Chinese leader Xi Jinping continued to consolidate his power, appointing a number of supporters to the party’s most powerful decision-making body after securing a convention-defying third term.

Alibaba (BABA) and Baidu (BIDU) tumbled more than 12% apiece. Daqo New Energy (DQ) dived nearly 7%, and Li Auto (LI) plunged 17%. And Pinduoduo (PDD) crashed 24%.

EV giant Tesla (TSLA) slashed losses to 1.5% after hitting a new 52-week low. Among Dow Jones stocks, Apple (AAPL) traded up 1.5% and Microsoft (MSFT) climbed 2.1% in today’s stock market.

AutoZone (AZO), Cardinal Health (CAH), Eli Lilly (LLY) and Texas Roadhouse (TXRH) — as well as Dow Jones stocks Chevron (CVX) and UnitedHealth (UNH) — are among the top stocks to buy and watch. Keep in mind that the new stock market rally is the perfect time for investors to put their watchlists into action.

Cardinal and Texas Roadhouse are IBD Leaderboard stocks. Eli Lilly is an IBD SwingTrader stock. UnitedHealth was featured in this week’s Stocks Near A Buy Zone column, along with three other top stock ideas.

4 Top Growth Stocks To Watch In The Current Stock Market Rally

Dow Jones Futures Today: Treasury Yields, Oil Prices

Ahead of Tuesday’s opening bell, Dow Jones futures fell 0.2% vs. fair value, while S&P 500 futures also lost 0.2%. Nasdaq 100 futures were down 0.25% vs. fair value. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

The 10-year Treasury yield ticked higher to 4.23% Monday, settling at its highest level since June 2008. Meanwhile, U.S. oil prices edged lower Monday, pausing after a three-day win streak. West Texas Intermediate futures traded near $85 a barrel.

Q3 Earnings Season: Alphabet, Apple, Meta, Microsoft To Report

Third-quarter earnings season rolls on this week, with key reports coming from tech titans Alphabet (GOOGL), Apple (AAPL), Meta Platforms (META) and Microsoft (MSFT).

Results from Boeing (BA), Chevron, Merck and Visa (V) are also due out throughout the week.

Earnings reports cause many of the largest moves in stocks, and they require special attention. Strong earnings can fuel top stocks to previously untouched levels — and above new buy points —…