The Dow Jones Industrial Average and other major indexes extended their gains Wednesday, as Wall Street cheered President Donald Trump’s $500 billion Stargate artificial intelligence project. Meanwhile, Oracle (ORCL), Nvidia (NVDA) and Netflix (NFLX) were early winners on the stock market today.
After the opening bell, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 gained 0.5%. Tech-heavy Nasdaq composite moved up 1% in morning trades.↑X
is Tuesday, January 21st, 2025.
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The 10-year Treasury yield ticked lower to 4.57% early Wednesday. And oil prices edged up, with West Texas Intermediate futures trading around $75.95 per barrel.
Among exchange traded funds, the Invesco QQQ Trust (QQQ) rose 1%, as the SPDR S&P 500 ETF (SPY) gained 0.5% ahead of the open.
Nvidia rallied nearly 3% Wednesday morning, looking to extend a win streak to three sessions. Shares are back above their 50-day moving average for the first time since Jan. 8.
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Stock Market Today: Trump AI Project, Netflix Earnings
President Trump announced billions in private investment for AI infrastructure from a joint venture of OpenAI, SoftBank and Oracle. Oracle stock surged nearly 7% on the news, looking to retake its 50-day line.
Through a joint venture called Stargate, the three companies are committing $100 billion in initial investments and plan to put up as much as $500 billion over the next four years, as reported by CBS News and the Wall Street Journal. OpenAI Chief Executive Sam Altman, Oracle Chairman Larry Ellison and SoftBank Chief Executive Masayoshi Son made the announcement at the White House.
In stocks, Netflix soared nearly 13% in morning trading after the company beat estimates for the fourth quarter thanks to a surge of new subscribers. Netflix stock is set to break out past a 941.75 buy point in a flat base.
Other key earnings movers Wednesday morning include Interactive Brokers (IBKR), GE Vernova (GEV), Johnson & Johnson (JNJ) and Procter & Gamble (PG).
Shares of Interactive Brokers rallied 7% in morning trading, moving well above a 193.41 cup-with-handle entry. GE Vernova added 1.8%, while J&J fell 3.4%. Finally, Procter & Gamble climbed 3.2% in early morning trade.
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Dow Jones Rallies
On Tuesday, the Dow Jones Industrial Average rallied 1.2%, while the S&P 500 advanced 0.9% and the Nasdaq moved up 0.6%. Following recent bullish action, now is a good time to check IBD’s The Big Picture for an update on the current exposure level.
Among the best companies to watch in the current stock market are Broadcom (AVGO), Howmet Aerospace (HWM), Meta Platforms (META) and Spotify (SPOT).
Along with Apple (AAPL) and Nvidia, Dow Jones components making notable moves were Amazon.com (AMZN), Microsoft (MSFT) and Walmart (WMT).
Meta and Walmart are 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: Walmart Eyes Buy Point
Dow Jones retail giant Walmart is building a flat base that offers a 96.18 buy point, according to MarketSurge pattern recognition. Shares rose 0.6% Wednesday.
Outside the Dow Jones index, chip giant Broadcom rallied 1.2% Tuesday, about 5% below a 251.88 buy point in a flat base. Broadcom stock moved up 1.6% Wednesday.
Howmet Aerospace is moving out of buy range past a 120.71 buy point in a flat base. Shares inched lower Wednesday
Social media platform Meta is approaching a 638.40 buy point, as shares again find support around their 50-day line. And Meta stock rose 1.1% in Wednesday’s trading.
And Spotify is breaking out past a flat base’s 506.47 buy point following last week’s bullish move. Shares climbed 4.5% Wednesday morning.
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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.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Broadcom | (AVGO) | 251.88 | Flat base |
| Walmart | (WMT) | 96.18 | Flat base |
| Spotify | (SPOT) | 506.47 | Flat base |
| Meta Platforms | (META) | 602.95 | Flat base |
Source: IBD Data as of Jan. 20
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Tesla Stock
Electric-vehicle giant Tesla skidded 0.6% Tuesday. Shares appear to be finding support around their 10-week line, and they may be forming a new base.
But Tesla stock moved down another 0.4% in morning action Wednesday.
Dow Jones Leaders: Amazon, Apple, Microsoft
Besides Nvidia, another Dow Jones component in the Magnificent Seven is Amazon stock, which rallied 2.1% Tuesday to move closer to a 233 buy point in a flat base. That’s a new buying opportunity for the e-commerce giant. It added 0.5% Wednesday.
Shares of Apple dived 3.2% Tuesday, hitting their mid-September. And they fell another 0.1% early Wednesday.
Microsoft shares gained more than 2% Wednesday morning, as they look to decisively reclaim their 50-day line.
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.
