Alissa Coram and Ed Carson walk through Tuesday’s market action and discuss key stocks to watch in Stock Market Today.<br>Learn more about your ad choices. Visit megaphone.fm/adchoices

Market Extends Bounce; GE Vernova, Marvell Technology, SpaceX In Focus

Stock Market Today With IBD

# Full Transcript

**Podcast:** Stock Market Today With IBD

## Participants

- **Ken Shreve** (Investor's Business Daily)

## Transcript

Good afternoon, everyone, and welcome to Stock Market Today for Tuesday, June 30th, the last day of the first half of 2026. And what a day it was seeing a lot of strength out there. And joining me now to break down all the action is my colleague, Ken Shreve. Ed, what do you have for us today? Ed Carson Want to take a look at a few stocks GE Vernova, Marvell Technology, and SpaceX.

Okay, we will check those out. But we also want to take a look at the major indexes because that, of course, guides our trading decisions quite heavily. Here's a look at the Nasdaq Composite, up 1.5% on the day. It was the strongest index by far. It was slightly outpaced by the Nasdaq 100.

I just want to note that, up 1.7%. Meanwhile, the S&P 500, up about eight-tenths of a percent on the day. Nice bounces all around there. The Dow, up about a quarter of a percent, but still up at highs. And then the Russell 2000, tracked by the IWM ETF, up a half a percent here.

So a closing high there as well. Ed, seeing a broad-based rally, your thoughts on the action. What a difference a couple of days makes here. Yeah, that's why you have to take things day by day. You look at the trends and you say, okay, this and that. But you also have to be ready to switch back and forth. A couple of days ago, things were looking, you know, a couple of sessions ago, things were looking a little bleak.

And it wouldn't take much to get that back down. But the Nasdaq was the weakest index. I mean, it still is the furthest away from highs. But here it is, gotten back to the 50-day line, back above the 21-day line. A lot of strength in AI, as you say. The Qs look stronger. A lot of other indexes look stronger. So there's breadth. This was very much a tech-led day. A lot of other sectors sat out, but a lot of other sectors still look good.

And so, yeah, there's a lot of breadth. It'd be a great situation. I mean, I don't think it's pretty much perfect if you have AI and tech leading, but with lots of other sectors participating is really, I mean, sort of ideal from a growth investor's perspective. So, you know, maybe we'll look back and say now we've had our first real pullback, our first real correction.

Because, okay, we had little pauses, you know, in April and even May, but those were just really blips. You know, just, you know, barely can see them. But here you can see this one. And so there's a lot of bases, a lot of handles that are forming. So, again, if we move on, we'll all look back and say, thank goodness for June. It was wonderful because it set things up. It wasn't so, we'll forget about all the volatility in, you know, in the meantime. So we'll see. You know, we'll see. It can always reverse lower and all that.

And you can do that again. We're not out of the wedge. We did this a couple weeks ago, but it looks very strong right now. Yeah. But ...

Market Extends Bounce; GE Vernova, Marvell Technology, SpaceX In Focus

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Market Extends Bounce; GE Vernova, Marvell Technology, SpaceX In Focus

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.