Dow Jones Rallies As Earnings Season Continues; Netflix Earnings On

The Dow Jones Industrial Average rose Tuesday morning, as blue chips Johnson & Johnson and Travelers reported their quarterly earnings results. Later, Netflix earnings are due out after the close.

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Oilfield services giant Halliburton (HAL) and defense behemoth Lockheed Martin (LMT) reported earnings ahead of Tuesday’s market open, kicking off quarterly results for their respective groups. HAL shares slipped 1.1% early, and Lockheed Martin shares were down 1.2% in morning trade.

Lululemon (LULU) climbed more than 3% early Tuesday after Truist upgraded the stock from hold to buy. Twitter (TWTR) was down nearly 2% after Monday’s 7.5% jump. And electric-vehicle icon Tesla (TSLA) rose 0.7% Tuesday morning.

Among the Dow Jones leaders, Apple (AAPL) and Microsoft (MSFT) lost a fraction in today’s stock market.

Despite the struggling stock market rally, Dow Jones leaders American Express (AXP) and Caterpillar (CAT) — along with IBD Leaderboard watchlist stock Edwards Lifesciences (EW), Murphy Oil (MUR), Raytheon Technologies (RTX), Shell (SHEL) and Ulta Beauty (ULTA) — are among Tuesday’s top stocks to buy and watch.

Microsoft and Tesla are IBD Leaderboard stocks. Caterpillar and Edwards Lifesciences were featured in this week’s Stocks Near A Buy Zone column. Edwards was also Monday’s IBD Stock Of The Day. And Caterpillar is an IBD SwingTrader stock.

Dow Jones Today: Treasury Yields, Oil Prices

After Tuesday’s open, the Dow Jones Industrial Average rose 0.6%, while the S&P 500 gained 0.5%. The tech-heavy Nasdaq composite moved up 0.3% in morning trade.

Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) gained 0.3%. The SPDR S&P 500 ETF (SPY) moved up 0.5%.

The 10-year Treasury yield ticked higher to 2.9% Tuesday morning after climbing to 2.86% Monday, its highest level since December 2018. Meanwhile, U.S. oil prices were down more than 3%, as Texas Intermediate crude traded below $104 a barrel.

Stock Market Rally Continues To Struggle

On Monday, the stock market finished with modest losses, extending Thursday’s sharp declines.

Monday’s The Big Picture column commented, “The S&P 500’s hold on the 4,400 level is in doubt. But the index made its low at 4,370. That’s significant, because it’s 13 points above the 4,357 close on March 16, when the S&P made its follow-through rally confirmation. So technically, the shaky uptrend survives. The same cannot be said for the Nasdaq, which undercut its March 18 follow-through more than a week ago. The tech-heavy index should be considered to be in a correction. And the generally poor action in tech stocks only reinforces that notion.”

If you’re new to IBD, consider taking a look at its stock trading system and CAN SLIM basics. Recognizing chart patterns is one key to the investment guidelines. IBD offers a broad range of growth stock lists, such as Leaderboard and SwingTrader.

Investors also can create watchlists, find companies nearing a buy point, or develop custom…