Stock Market Update: Nasdaq Surges, Boeing Drags Down Dow

Dow Jones futures were lower ahead of Tuesday's open, while the Magnificent Seven stocks rallied, led by gains in Apple, Amazon, and Nvidia. This week's economic data includes two big inflation reports, and banks are set to launch their fourth-quarter reporting season. The Dow Jones Industrial Average and S&P 500 rallied on Monday, with the tech-heavy Nasdaq composite advancing. Investors are advised to read IBD's The Big Picture column for the stock market outlook and to check IBD MarketSmith's lists for daily breakouts and stocks nearing buy points. Notable stocks to watch include Novo Nordisk, Caterpillar, Netflix, and Snowflake. Tesla stock rebounded, while Apple and Microsoft traded higher.