Dow Jones Pushed Higher By Tech Shares

The Dow Jones Industrial Average rallied 400 points early Tuesday, as the stock market began to add to Monday’s strong gains. Traders and investors suggest that Monday marked Day 1 of a new rally attempt on the Nasdaq.

Apple has touched fresh highs, while Tesla stock rebounded from a critical support level. Likewise, Intel surged on a report that the tech giant plans to publicly list shares of its Mobileye self-driving car business.

Apple was up over 2% early Tuesday, while Microsoft rose 1.4% in today’s stock market. Nike (NKE) rallied nearly 2%, still below a buy point after Monday’s modest loss.

Earnings news factored into early trade, with MongoDB thwarting by 15% and HealthEquity dipping by 31% impacted by quarterly results. Electric-vehicle charging station leader ChargePoint Holdings climbed 6% ahead of its Q3 report, to be released after today’s trading close.

Tesla rose nearly 3% Tuesday. EV peer Rivian was down nearly 1%, while Lucid Group bounced 2%. Chinese EV leaders; Li Auto and Xpeng Motors were each higher after Tuesday’s open, on pace to add to Monday’s strong rebounds.

Among the top stocks to buy and watch, Endeavor Group, NXP Semiconductors and Pfizer are in or near new buy zones. Recent stock market weakness suggests investors should keep alert and avoid making new purchases.