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Dow Jones futures edged lower overnight, along with S&P 500 futures and Nasdaq futures. Robinhood Markets (HOOD), AppLovin (APP), ARM Holdings (ARM), DoorDash (DASH) and Qualcomm (QCOM) headlined earnings after the close. The stock market rebounded Wednesday after Tuesday's sell-off, but closed well off highs. Supreme Court doubts about Trump tariffs appeared to buoy stocks. Earnings triggered big winners and losers. Broadcom (AVGO), Twilio (TWLO), JPMorgan Chase (JPM), Mercury Systems (MRCY) and Intuitive Surgical (ISRG) are near buy points. The video embedded in the article reviews Wednesday's market action and analyzes Broadcom, Twilio and JPMorgan. Dow Jones Futures Today Dow Jones futures sank 0.1% vs. fair value. S&P 500 futures fell 0.15%. Nasdaq 100 futures lost 0.3%. Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session. Key Earnings Robinhood, AppLovin, ARM Holding, DoorDash, Qualcomm, IonQ (IONQ), SiTime (SITM) reported Wednesday night. SiTime stock surged, signaling a move past at least an early entry. AppLovin jumped, eyeing an early buy point as well. ARM stock was modestly higher, moving back toward a buy point. IonQ stock also bounced but the quantum play is some distance from its 50-day. DoorDash stock dived on an earnings miss after already breaking key levels recently. Robinhood fell slightly, near an early entry. Qualcomm stock declined solidly after a recent pause. Stock Market Rally The stock market rally rebounded after Tuesday's tumble, but closed well off session highs. The Supreme Court's apparent skepticism about President Donald Trump's tariff authority during oral arguments appeared to cheer Wall Street. The ADP Employment Report and ISM services index signaled modest economic growth. The major indexes rose from around their 21-day moving averages, while the small-cap Russell 2000 bounced back from its 50-day line but hit resistance at the 21-day. The Dow Jones Industrial Average rose 0.5% in Wednesday's stock market trading. The S&P 500 climbed 0.4%. The Nasdaq composite advanced 0.65%. The Russell 2000 jumped 1.5%. U.S. crude oil prices fell 1.6% to $59.60 a barrel. The 10-year Treasury yield rose seven basis points to 4.16%, now decisively above its 50-day line. Among growth ETFs, the Innovator IBD 50 ETF (FFTY) rallied 1.6%. The iShares Expanded Tech-Software Sector ETF (IGV) dipped 0.2%, with AppLovin stock a top 10 component. The VanEck Vectors Semiconductor ETF (SMH) popped 1.9% with Broadcom stock a huge holding. ARK Innovation ETF (ARKK) gained 1.7% and ARK Genomics ETF (ARKG) climbed 0.8%. SPDR S&P Metals & Mining ETF (XME) advanced 0.8%. The Energy Select SPDR ETF (XLE) climbed 0.25% and the Health Care Select Sector SPDR Fund (XLV) was up 0.4%. The Industrial Select Sector SPDR Fund (XLI) advanced 0.4% and the Financial Select SPDR ETF (XLF) climbed 0.3%. Best Growth Stocks To Buy And Watch What To Do Now The stock market rally had a glass half-full kind of day. The key indexes found support where they needed to, but they didn't close well, especially given Tuesday's heavy selling. Several leaders teased buy points or set up, though some, notably in software, tested or undercut buy points. Recent market action and earnings season have made new buys tricky. Stocks breaking out, pulling back below buy points and then rebounding have been all-too common. Broadcom is just one example. It's important to follow your rules, even if they don't always result in success. If you're struggling in the current market, step back, review your trades and perhaps wait for an environment that better suits your trading style before stepping on the gas. Definitely work on your watchlists. Broadcom stock is on Leaderboard, with Robinhood on the Leaderboard watchlist. Intuitive Surgical stock is on SwingTrader. Robinhood stock is on the IBD 50. Twilio was Wednesday's IBD Stock Of The Day. ISRG was Tuesday's selection. Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors. Please follow Ed Carson on X/Twitter at @IBD_ECarson for stock market updates and more. YOU MAY ALSO LIKE: Why This IBD Tool Simplifies The Search For Top Stocks
