Dow Jones Futures Rise Ahead Of Jobs Data; Nvidia Hits Record High On New AI Products

The Dow Jones Industrial Average and other major indexes traded higher Tuesday, as Wall Street awaited employment data due out just after the stock market open. Leading the pack was Nvidia (NVDA), which rallied to record highs in premarket action after Chief Executive Jensen Huang unveiled new artificial intelligence initiatives at CES 2025.

Ahead of the opening bell, Dow Jones futures rose 0.2% vs. fair value, while S&P 500 futures added 0.1%. Tech-heavy Nasdaq 100 futures inched higher in morning trades.

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Early Tuesday, the 10-year Treasury yield ticked higher to 4.63%. Oil prices continue to hold at their highest levels since October, with West Texas Intermediate futures trading around $74 per barrel.

Among exchange traded funds, the Invesco QQQ Trust (QQQ) gained 0.1%, as the SPDR S&P 500 ETF (SPY) moved up 0.1% ahead of the open.

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Stock Market Today: Nvidia, Jobs Data

Late Monday, Nvidia CEO Huang delivered the keynote address at CES 2025. He unveiled new AI initiatives, including Nvidia Cosmos, a computing platform for accelerating physical AI development. Cosmos offers world foundation models to help developers make next-generation autonomous vehicles and robots.

Nvidia stock broke out past a double-bottom's 146.54 buy point Monday, rallying 3.4%. Shares of the artificial intelligence giant added 2.2% Tuesday morning, reaching record highs that were previously set on Nov. 21.

Elsewhere, the Labor Department's JOLTS, Job Openings and Labor Turnover Survey is due out at 10 a.m. ET. The report is expected to show job openings easing to 7.65 million for November. vs. October's 7.744 million reading, according to Econoday estimates.

Also, the stock market will be closed Thursday in honor of former President Jimmy Carter.

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Dow Jones Eases

On Monday, the Dow Jones Industrial Average fell 0.1%, while the S&P 500 gained 0.6% and the Nasdaq rallied 1.2%.

Among the best companies to watch in the current stock market are Boston Scientific (BSX), Fortinet (FTNT), Interactive Brokers (IBKR) and Intuitive Surgical (ISRG).

Dow Jones components making notable moves were Amazon.com (AMZN), Apple (AAPL), American Express (AXP) and Microsoft (MSFT).

American Express is featured in this Stocks Near A Buy Zone column.

Check out IBD MarketSurge's "Breaking Out Today" list for top growth stocks that are moving above correct buy points. 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: American Express Nears Buy Point

Dow Jones component American Express is building a flat base that offers a 307.82 buy point, according to MarketSurge pattern recognition. Shares gained 0.3% Tuesday.

Outside the Dow Jones index, Boston Scientific has a flat base with a 91.93 entry. Shares rose 0.2% premarket Tuesday.

Cybersecurity leader Fortinet is trying to break out past a flat base's 100.59 buy point. Shares eased 0.3% Tuesday morning.

Interactive Brokers continued to rebound from its 50-day line Monday, as it forms a flat base that shows a 193.42 entry. The stock gained 0.4% Tuesday and is an IBD SwingTrader stock.

Intuitive Surgical climbed 1.3% Monday, extending a win streak to three sessions. Shares are regaining their 50-day line, placing the medical stock in a new buy area. Intuitive stock climbed 0.4% Tuesday premarket.

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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.

Source: IBD Data as of Dec. 31

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Tesla Stock

Tesla (TSLA) stock edged higher Monday, barely adding to Friday's surge. Shares remain 16% off their all-time high, which was set on Dec. 18.

The electric-vehicle giant threatened to give up its recent gains Tuesday, falling 1.5% in premarket trading.

Dow Jones Leaders: Amazon, Apple, Microsoft

Besides Nvidia, another Dow Jones component in the Magnificent Seven is Amazon stock, which rose 1.5% Monday. Amid its recent move into new highs in mid-December, the e-commerce giant is sharply extended above a 201.20 buy point. It added 0.1% in premarket trading Tuesday.

Shares of Apple tumbled back into buy range above a flat base's 237.49 entry during last week's sharp losses. They rebounded 0.7% Monday but tumbled 1.1% Tuesday morning after research firm MoffettNathanson downgraded Apple stock to sell from neutral, lowering the price target to 188 from 202.

Microsoft shares climbed 0.2% Tuesday morning, as they attempted to regain their 50-day and 200-day lines Monday. The software giant is building a cup with handle that has a 456.16 buy point.

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.

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