Dow Jones Surges As Nike Jumps On Earnings; Apple, Nvidia, Tesla Rebound

The Dow Jones Industrial Average surged 400 points Tuesday morning, as global markets rebounded from Monday's steep losses. $Nike(NKE.US)$ jumped on strong earnings results. Apple, Nvidia and Tesla stock rebounded, while Micron Technology eyed a breakout after strong earnings guidance.

Among the Dow Jones leaders, $Apple(AAPL.US)$ bounced 1% Tuesday. $Microsoft(MSFT.US)$ also added 1% in today's stock market. Both stocks are looking to stem three-day declines. $Home Depot(HD.US)$ rose to extend a rebound from support. $Nike(NKE.US)$ gained following its fiscal second-quarter report late Monday.

Electric-vehicle leader $Tesla(TSLA.US)$ traded up nearly 2% Tuesday. Its rival, $Rivian Automotive(RIVN.US)$ , rose around 4%. $Lucid Group(LCID.US)$ gained around 2%. And Chinese EV leaders Li Auto and $XPeng(XPEV.US)$ also posted solid gains after Tuesday's open.

Among Tuesday's top stocks to buy and watch, $Arista Networks(ANET.US)$ $Ryan Specialty Holdings(RYAN.US)$ , $Advanced Micro Devices(AMD.US)$ and $NVIDIA(NVDA.US)$ are in or near new buy zones. Keep in mind that investors should be cautious with new purchases amid the recent stock market volatility.

$Microsoft(MSFT.US)$ and $Tesla(TSLA.US)$ are IBD Leaderboard stocks. Arista was featured in this week's Stocks Near A Buy Zone column, while Ryan Specialty was last week's featured IPO Leader.