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Stock market today: SanDisk, Micron, AMD jump as AI rebounds; GM, 3M lead earnings movers

Dow Jones Futures: AI-Led Market Rally Hits Fresh Highs; AMD, Astera, Lumentum, Arista Earnings Late
Stock Market Today: Sandisk, Micron, AMD Jump As AI Rebounds; GM, 3M Lead Earnings Movers

Futures rose early Tuesday as Sandisk, Micron and AMD lead an AI rebound. GM and 3M are earnings movers.

Futures for the Dow Jones industrial average, S&P 500 and especially the Nasdaq-100 rose early Tuesday on the stock market today, with Sandisk, Micron Technology and Advanced Micro Devices lead a rebound in artificial intelligence. Crude oil prices also rose.

General Motors, 3M and Halliburton are among the notable earnings movers.

Ahead of the opening bell, Dow Jones futures rose 0.2% vs. fair value. S&P 500 futures climbed 0.4%. Nasdaq-100 futures jumped 1.3%.

The Dow Jones Industrial Average fell 0.6% in Monday's stock market trading. The S&P 500 index declined 0.2%. The Nasdaq composite lost a fraction, giving up solid morning gains and some distance from its 50-day line. The small-cap Russell 2000 retreated 0.7%.

The 10-year Treasury yield was steady after rising 5.5 basis points to 4.6%.

Crude oil prices more than 1% to above $84.50 a barrel on continue U.S.-Iran attacks. Crude futures rose 0.9% on Monday to $83.23 a barrel in a whipsaw session on Iran news.

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AI Stocks Rebound

SandiskSNDK jumped more than 7% before the open, while fellow memory giant Micron TechnologyMU popped 6%. Sandisk stock is still a long way from its 50-day moving average but Micron is getting close.

Advanced Micro DevicesAMD gained 4% early Tuesday. AMD stock is set to bounce from its 50-day line and try to reclaim its 21-day line.

Stock Market Today: Key Earnings

General MotorsGM, diversified industrial giant 3MMMM and oil services firm HalliburtonHAL beat second-quarter earnings.

GM stock rose modestly, eyeing a retake of its 200-day line but still below its 21-day and 50-day lines.

3M stock jumped toward a long cup-with-handle base buy point.

Halliburton stock fell modestly, moving back toward its 200-day line.

Please follow Ed Carson on X/Twitter at @IBD_ECarson  for stock market updates and more.

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