Stocks tumbled Tuesday, taking a breather from their rally, as traders sifted through the latest corporate earnings reports.

The Dow Jones Industrial Average lost 324.80 points, or 0.75%, closing at 42,740.42. The 30-stock average touched a fresh intraday record before sliding. The S&P 500 slipped 0.76% to end at 5,815.26, and the Nasdaq Composite fell 1.01% to 18,315.59.

ASML tanked 16% as chipmakers took a dive. The company's CEO warned of "cautiousness" among customers and said a "recovery is more gradual than previously expected." Nvidia and AMD shed 4.7% and 5.2%, respectively. The VanEck Semiconductor ETF (SMH) dropped 5.4% for its worst day since Sept. 3.

Further, UnitedHealth slid 8.1% after the company trimmed its full-year earnings outlook. The insurer's decline weighed on the 30-stock Dow.

So far, about 40 S&P 500 companies have reported third-quarter results. Of those, 80% have beaten analyst expectations, per FactSet.

Wall Street is coming off a winning session that propelled the S&P 500 and Dow to all-time highs. Notably, the Dow added more than 200 points to finish above the 43,000 mark for the first time.

Despite Tuesday's declines, the three major averages are higher on the month and seem on track to overcome a historically volatile season. But Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, says that stocks aren't out of the woods just yet.

"It's hard to get any better than than where we are right now. This has quickly become a buy high, sell higher market with the S&P at all-time highs," he told CNBC. "To a degree, we're perhaps due for a little bit of a pullback."

However, a strong third-quarter earnings season and robust fundamental backdrop could sustain stocks at their current levels into the year's end. Sandven's year-end target for the benchmark is 6,000, which corresponds to a roughly 3% increase.

"For equity investors, these are the best of times and the worst of times. U.S. equity year-to-date performance remains superb and broad-based. Conversely, the wall of worry looms as valuations are elevated, election-related nuances remain, global tensions are heightened, and so on," he added. "Near term, there's much to like about the equity market. If you look toward the end of the year and beyond, we expect volatility to be more the norm versus exception."

Stocks tumble Tuesday, Dow slips from record

The major averages slid on Tuesday.

The Dow Jones Industrial Average shed 324.80 points, or 0.75%, and settled at 42,740.42. The S&P 500 slipped 0.76% and finished at 5,815.26, while the Nasdaq Composite lost 1.01% and closed at 18,315.59.

— Lisa Kailai Han

UBS says that volatility could rise again alongside risk assets

UBS believes that market volatility could rise again, despite investors' improving risk-on sentiment.

"We maintain our view that risk assets have further room to run amid an overall supportive macro environment. But volatility could increase again as a range of economic and market uncertainties return to focus," the bank wrote.

Specifically, UBS pointed out three main factors that could boost volatility: uncertainty over the Fed's policy path, Middle Eastern tensions and the November presidential election.

— Lisa Kailai Han

Monday's upturn gives proof of broadening market rally, Piper Sandler says

Stocks broadly traded higher on Monday, but a subtle difference provides proof that the market rally is definitely expanding, according to Piper Sandler.

"The S&P 500, Dow Jones Industrial Average, NYSE Composite, and Mid-caps reached new record highs, while the Nasdaq Composite and Small-cap indices also advanced, though they are still a few percentage points from their all-time highs," wrote chief market technician Craig Johnson. "This subtle divergence is technical evidence that the market has been moving away from the Magnificent Seven mega-caps and gradually rotating into 'down-cap' opportunities since July."

— Lisa Kailai Han

Inflation is 'back on the table,' portfolio manager says

Investors have increasingly turned away from inflation to focus more towards the labor market in recent weeks. But Thomas Martin, senior portfolio manager at Globalt Investments, believes that higher prices may soon be on investors' minds again.

This comes after the Federal Reserve has dialed back the speed of its rate cuts on the back of robust economic data.

"I think inflation is back on the table. People were starting to say, we don't have to worry about inflation anymore, we just worry about employment. But I think that now you kind of have to worry about that again," he said to CNBC on Tuesday afternoon.

— Lisa Kailai Han

ASML Holding heads for worst day since 2020

U.S-listed shares of ASML Holding slumped 17% on Tuesday, putting the semiconductor equipment maker on pace for its worst session since March 2020.

The decline came as the company issued a disappointing sales forecast in an earlier-than-expected earnings release. The Netherlands-based chip company said it expects 2025 net sale to come in between 30 billion and 35 billion — within the lower half of its previous forecast.

ASML's CEO also warned that some segments are experiencing a "more gradual" recovery than previously expected. Some areas of weakness include its China business

Shares are down 4.6% year to date.

— Samantha Subin

BTIG says buy small-cap, value stocks heading into November

BTIG is recommending investors rotate out of large-cap names into the end of the year.

Chief market technician Jonathan Krinsky expressed his surprise by the market's resilience going into the U.S. presidential election. However, he sees a large-cap "shakeout" with earnings season approaching.

"With that said, we can't ignore the set-up for small-caps which are starting to breakout of their recent consolidation ahead of what is their best month of the year," Krinsky wrote. "This makes us want to look for a rotation from large-to-small and from growth-to-value heading into November. These rotations tend to be short-lived, but we think the set-up is there for rotation over the coming weeks."

— Lisa Kailai Han

Wolfe Research blames reduced oil prices for third-quarter downwards earnings revisions

In a Tuesday note, Wolfe Research highlighted that third-quarter consensus S&P 500 operating earnings per share have been revised roughly 4% lower coming into the quarter. Still, the firm is hopeful for "solid" results this season due to a U.S. real GDP that grew around 3% in the third quarter.

"Our sense is the large downward revision in 3Q EPS estimates can be largely attributed to several large energy companies, who saw oil prices come down over the course of the quarter (and before prices sharply rose due to geopolitical conflicts)," wrote chief investment strategist Chris Senyek. "Given the strength in the U.S. economy thus far this year, we continue to have a high degree of conviction in our 2024/2025 S&P 500 Operating EPS estimates of $245/$270."

— Lisa Kailai Han

Citigroup shares under pressure despite earnings beat

Citigroup's third-quarter may have beaten Wall Street expectations, but the results apparently weren't strong enough to spark a rally for the stock. Shares of bank were down more than 4% in afternoon trading Tuesday after initially moving higher before the opening bell.

Citigroup's net income did decline year over year to $3.2 billion from $3.5 billion a year earlier. The drop was due in part to higher credit costs, including a build of the allowance for loan losses.

When asked about credit card losses, Citigroup chief financial officer Mark Mason said on the call Tuesday that the bank is seeing a "stabilization" in loan delinquency among its retail services clients and is "well reserved" in that area.

— Jesse Pound

Stocks making the biggest midday moves: ASML, UnitedHealth and more

These are the stocks moving the most in midday trading:

• UnitedHealth — Shares plunged 7.2% after the health care giant lowered its earnings guidance due to ongoing headwinds from a cyberattack earlier in the year.
• ASML — Shares dropped more than 16% after the Dutch semiconductor equipment maker released its earnings report early and offered a weaker-than-expected sales outlook for 2025.
• Walgreens Boots Alliance — The stock soared 11.9% following the drug store chain's fiscal fourth-quarter earnings and revenue beat.

Read the full list of stocks moving here.

— Lisa Kailai Han

LVMH shares tumble after weak earnings report

U.S.-traded shares of LVMH fell nearly 7% Tuesday to their lowest level since October 2022 after the luxury goods giant posted disappointing quarterly results.

LVMH reported revenue of 19.8 billion euros in the prior quarter while analysts had forecasted 19.87 billion euros, according to StreetAccount.

Organic growth also declined 3% in the third quarter while estimates had called for a 0.6% rise.

— Hakyung Kim

Fed's Daly says there's 'a long way' from where cuts will stop

San Francisco Federal Reserve President Mary Daly said Tuesday there's plenty of room to lower the central bank's key interest rate from here, though she noted the long-run baseline is probably higher than it's been in the recent past.

"We're a long way from where it's likely to settle," she said during a talk at New York University's Stern School of Business. "So the decisions that are really in front of us are ones about how quickly to adjust towards that level. But it's quite possible that we will have a neutral rate of interest that's a little higher than the interest rate that we came in with."

Daly, who votes this year on the rate-setting Federal Open Market Committee, said a 3% neutral rate, neither boosting nor restricting growth, would be a "completely reasonable" level. That's about half a percentage point higher than has been the case for years, and 1.75 percentage points below the current target rate.

—Jeff Cox

BofA survey shows the biggest jump in investor optimism in 4 years

Investor sentiment hasn't been this bullish in more than four years on hopes for more rate cuts from the Federal Reserve and stimulus in China, according to Bank of America investment strategist Michael Hartnett.

The October BofA Global Fund Manager Survey showed the biggest jump in investor optimism since June 2020. Meanwhile, global growth expectations recorded the fifth largest jump since 1994.

A total of 74% investors believe the U.S. will skirt a recession, and only 10% of investors expecting a weaker economy in the next 12 months, the survey showed.

— Yun Li

1 out of 5 S&P 500 stocks trade at new 52-week highs

On Tuesday morning, 106 stocks in the S&P 500 — or around one-fifth of the benchmark — traded at new 52-week highs.

Names that hit this milestone included:

• Live Nation Entertainment trading at levels not seen since Apr, 2022
• Cisco trading at levels not seen since Sept, 2023
• T-Mobile US trading at all-time highs back to the MetroPCS IPO in Apr, 2007
• Walmart Stores trading at all-time high levels back to when it first began trading on the NYSE in Aug, 1972
• BlackRock trading at all-time high levels back to its IPO in 1999
• Boston Scientific trading at all-time high levels back to its IPO in May, 1992
• L3Harris Technologies trading at levels not seen since Nov, 2022
• Apple Inc. trading at all-time high levels back to its IPO in Dec, 1980
• Goldman Sachs trading at all-time high levels back to its IPO in May, 1999

— Lisa Kailai Han

ASML Holding falls as CEO warns of 'more gradual' recovery

ASML Holding shares dropped more than 11% after the Dutch semiconductor equipment maker reported earnings earlier than expected and shared a weaker-than-expected guide for 2025.

"While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover," said CEO Christophe Fouquet. "It now appears the recovery is more gradual than previously expected."

The drop came despite better-than-expected earnings for the recent quarter.

Other chipmakers fell in sympathy, with Nvidia, Advanced Micro Devices and Broadcom last down at least 4% each. Micron Technology lost more than 3%.

— Samantha Subin

U.S. crude prices fall 5% as Israel is not expected to strike Iran's oil industry

U.S. crude futures fell 5% on Tuesday, after Israel told the U.S. that it is not planning to strike Iran's oil facilities, relieving fears that a major supply disruption in the Middle East is on the horizon.

The U.S. benchmark was last down $3.83, or 5.19%, to $70 per barrel, while global benchmark Brent had fallen $3.79, or 4.89%, to $73.67 per barrel.

Israel plans to limit its retaliatory strikes in Iran to military targets and does not plan to strike the Islamic Republic's oil industry or its nuclear facilities, three senior Biden administration officials told NBC News.

Oil prices spiked earlier this month after Iran launched a ballistic missile attack against Israel, raising fears that Israel's response could lead to cycle of further escalation that disrupts crude supplies in the region.

— Spencer Kimball

Apple hits record high

Apple shares scaled to record levels Tuesday.

The iPhone maker hit a high of $237.49 before trading back around $235 per share. Apple's previous record of $237.23 was reached on July 15.

Shares traded 2% higher as of 10:32 a.m. ET.

— Fred Imbert

Nvidia, Advanced Micro Devices fall on report U.S. weighing export limits

Nvidia and Advanced Micro Devices shed nearly 4% each on the heels of a Bloomberg report that the Biden administrations is weighing putting a limit on AI chip sales to certain countries overseas.

The report, citing sources familiar with the matter, said that officials are focused in on some Middle East countries.

— Samantha Subin

Medicare Advantage stocks tumble as UnitedHealth talks of rising demand

UnitedHealth's outlook for 2025 is weighing heavily on the stocks of companies exposed to Medicare Advantage after the insurer warned of rising demand for health-care services.

CEO Andrew Witty is calling for 2025 adjusted earnings to be as much as $30 per share. However, that is far below Wall Street's average forecast of $31.18, according to a LSEG survey. Witty said the company is being cautious given the external pressures.

Shares of the Dow component were down more than 9%, and on track for the stock's worst day since March 18, 2020, when it fell 11.1%. Shares of Humana were down more than 3%, Elevance fell 4%, Centene was down 4% and CVS Health shed nearly 4%.

— Christina Cheddar Berk

Walgreen heads for best session since 2020 following earnings beat

Walgreens Boots Alliance headed for its best day in more than four years after the retail drugstore chain topped analyst expectations for fourth-quarter earnings and announced store closures.

Shares climbed around 10% in morning trading. If that holds, it would mark the stock's best day since March 2020.

Walgreens earned an adjusted 39 cents per share on $37.55 billion. That was better than analysts polled by LSEG had forecasted, with respective consensus estimates of 36 cents and $35.76 billion.

The company also said it would close around 1,200 stores over the next three years, including 500 in the fiscal 2025 year alone.

Tuesday's rally marks a reprieve from a rough period, with Walgreens shares tumbling more than 62% in 2024. The stock is on track to notch its third straight losing year.

— Alex Harring

Healthcare providers ETF heads for first negative day in 6

The Healthcare Providers ETF (IHF) fell 3.3% on Tuesday, making it on pace for its first negative day in six.

The exchange-traded fund was dragged lower by shares of UnitedHealth Group, Humana, Elevance Health, CVS Health and Alignment Healthcare. UnitedHealth was down 9%, on pace for its worst day since March 2020, after the insurer lowered its earnings guidance and cut the top end of its full-year earnings forecast.

— Lisa Kailai Han, Gina Francolla

Dow opens Tuesday lower

The Dow Jones Industrial Average fell on Tuesday morning.

The 30-stock average slid 93 points, or 0.2%. The S&P 500 and Nasdaq Composite were both fractionally higher.

— Lisa Kailai Han

New York manufacturing index posts surprise contraction

Manufacturing activity in New York unexpectedly declined in October, according to a Federal Reserve report Tuesday.

The New York Fed's Empire State Manufacturing Index turned in a reading of -11.9 on the month for general business conditions, a decline of 23.4 points from September and well below the 3.0 Dow Jones consensus estimate. The index measures the percentage difference between companies reporting expansion against contraction.

Elsewhere in the survey, new orders plunged to -10.2 while shipments tumbled to -2.7 as both indexes showed declines of around 20 points. Also, the prices paid and received indexes both showed upticks, though employment rose 9.8 points to 4.1.

While the headline index slumped, the expectations index for activity six months ahead rose to 38.7, an increase of 8.1 points.

— Jeff Cox

Stocks making the biggest moves premarket Tuesday

Check out the companies making headlines before the bell.

Bank of America — Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts' estimates. Earnings came in at 81 cents, beating the 77 cents expected from analysts polled by LSEG. Revenue was $25.5 billion, versus the $25.3 billion consensus estimate. 

Johnson & Johnson — The health-care conglomerate saw shares rising slightly premarket after quarterly results exceeded expectations on the back of strong sales of oncology drugs. J&J also raised forward financial guidance for full-year 2024 profit and sales.

Etsy — Shares tumbled more than 5% after Goldman Sachs downgraded the online marketplace to sell from neutral. The investment bank highlighted the risk of compressed profit margins and continued market share losses.

The full list can be found here.

— Hakyung Kim

Citi shares rise after earnings beat

Shares of Citigroup rose more than 2% in premarket trading Tuesday after a better-than-expected earnings report for the third quarter.

The bank generated $1.51 in earnings per share on $20.32 billion of revenue. Analysts surveyed by LSEG were looking for $1.31 per share on $19.84 billion of revenue.

Net income was down year over year, however, to $3.2 billion from $3.5 billion. Citi reported a higher cost of credit during the quarter and hiked its allowance for loan losses.

— Jesse Pound

BMO downgrades AIG, cites 'soft' large-employer market pricing

Market conditions in the near term could spell bad news for AIG, according to BMO Capital Markets.

Analyst Michael Zaremski downgraded his rating on the stock to market perform from outperform on a "soft" large-employer market, saying that "most large employers do not expect their P&C pricing costs to meaningfully accelerate in the coming ~six months."

"We conclude that there is slightly more downside to profit margins for some insurers who have a meaningful presence within the large-employer marketplace," he said.

Though shares have jumped more than 14% year to date, the analyst noted that it's underperformed its peers this year, fueling "muted" sentiment around the name. As a result, Zaremski also cut his target by $6 to $84, which reflects more than 8% upside from Monday's close.

— Sean Conlon

Johnson & Johnson tops quarterly earnings

Johnson & Johnson reported third-quarter financial results before the bell that beat expectations. Adjusted earnings per share came in at $2.42, topping the $2.21 expected by analysts polled by LSEG. Its revenue was $22.47 billion, versus the $22.16 billion consensus estimate.

The pharma giant also increased its full-year operational sales guidance to between $89.4 billion and $89.8 billion from its prior guidance of between $89.2 billion and $89.6 billion. However, Johnson & Johnson lowered its full-year adjusted EPS guidance to between $9.88 and $9.98 from its previous guidance of between $9.97 and $10.07.

Shares of the pharma giant were down about 1% in premarket trading.

— Michelle Fox

U.S. crude oil sells off 4% as global surplus looms

U.S. crude oil futures sold off 4% on Tuesday, as a looming surplus next year overshadows the risk of a supply disruption in the Middle East.

U.S. crude oil was down $3.01, or 4.08%, to $70.82 per barrel at 7:42 a.m. ET. Global benchmark Brent pulled back $2.94, or 3.8%, to $74.52 per barrel.

Oil prices spiked earlier this month after Iran hit Israel with a ballistic missile attack, raising fears that Israel would respond by targeting the Islamic Republic's oil facilities.

The International Energy Agency said Tuesday that its members are prepared to take action if there is a supply disruption in the Middle East.

"For now, supply keeps flowing, and in the absence of a major disruption, the market is faced with a sizeable surplus in the new year," the IEA said in its monthly report.

— Spencer Kimball

Morgan Stanley hikes McDonald’s price target, sees U.S. momentum in 2025

McDonald's may be slated for more upside ahead, according to Morgan Stanley.

The restaurant stock moved marginally higher in the premarket after analyst Brian Harbour kept his overweight rating on the name and hiked his price target by $44 to $340. That implies more than 9% upside from Monday's close.

As earnings season gets underway, the analyst believes that McDonald's performance domestically is "looking brighter."

"The fundamental shift in 3Q doesn't seem that profound, but there is evidence things are moving in the right direction (not all of the industry seemed to see this), and sentiment/stock performance have clearly followed, with the U.S. at last maybe a source of upside in 2H," he wrote in a Tuesday note. "Some sales catalysts are still to come, including perhaps a permanent value relaunch in 2025."

That said, Harbour believes international sales might still be challenged and lead to mixed third-quarter results. He also said he's "a bit more tactically cautious" this quarter.

Shares have risen 4.5% this year and more than 23% in the past three months.

— Sean Conlon

Goldman Sachs posts third-quarter beat, shares rise 3% in premarket trading

Shares of Goldman Sachs were last trading 3% higher on Tuesday morning after the bank reported a third-quarter beat on both the top and bottom lines.

Earnings for Goldman Sachs came out to $8.40 per share, higher than the $6.89 analysts were expecting, per LSEG. The bank's $12.7 billion revenue also topped the $11.8 billion estimate.

Financial institutions such as Goldman could benefit as the Fed continues to reduce rates. Shares have rallied 36% this year.

— Lisa Kailai Han

Walgreens shares pop after earnings results

Walgreens Boots Alliance shares jumped more than 7% in the premarket Tuesday. The move comes after the retail drugstore chain reported fiscal fourth-quarter earnings and revenue that topped expectations, and said it plans to close roughly 1,200 stores by 2027.

Walgreens reported adjusted earnings of 39 cents per share, more than the per-share earnings of 36 cents expected by analysts polled by LSEG. Revenue of $37.55 billion topped the forecast $35.76 billion.

The stock is down more than 60% year to date.

— Sarah Min, Annika Kim Constantino

This under-the-radar oil producer is a buy and can rally more than 34%, TD Cowen says

Investors should take hold of SM Energy ahead of its earnings report, according to TD Cowen.

Analyst Gabe Daoud upgraded his rating on the stock to buy from hold, and his updated price target implies more than 34% upside from Monday's close.

"While we're cautious [on] crude we believe SM stands out as retaining multiple resource catalysts – at a time when that's largely nonexistent in [earnings and profits] – that can shape a more capital efficient '25 [versus] what's appreciated," he said in a note to clients on Tuesday. "We see dividend coverage down to ~$49/bbl which can prove defensive in a volatile tape."

While the stock was down around 3% premarket on Tuesday, it has risen more than 15% in 2024 and about 14% in the past one month.

CNBC Pro subscribers can read the full story here.

— Sean Conlon

Citi upgrades Consolidated Edison, sees earnings growth accelerating

Now is the time to buy shares of Consolidated Edison, according to Citi.

Analyst Ryan Levine sees the rate cases for its two subsidiaries — namely, Consolidated Edison Company of New York (CECONY) and Orange and Rockland Utilities (O&R) — will spur earnings-per-share acceleration.

"We are upgrading ED to Buy on the view that the upcoming O&R and CECONY will result in favorable EPS accretion of ~2.7% in '26 due to regulatory priorities, datacenter noise in staff calculation, & treasury rate movements before considering potential favorable future NY legislation," he wrote in a note to clients this week.

Levine also hiked his price target by $13 to $116, which reflects more than 12% upside from Monday's close.

Shares rose about 1% in premarket trading Tuesday after his call. The stock has risen more than 13% this year.

— Sean Conlon

Goldman downgrades Etsy, says it expects market share losses to continue

A number of negative catalysts are set to drive shares of Etsy lower, according to Goldman Sachs.

"While Street estimates (and our own modeling) seek to reflect more normalized growth levels in a better backdrop for discretionary consumer spending, visibility remains low on the timing of any such recovery," analyst Eric Sheridan said, noting that consensus gross merchandise sales estimates for next year have already been revised down. "We monitor consumer survey data from HundredX, which currently does not suggest an imminent positive inflection in purchase intent."

The stock fell more than 4% in the premarket following the call. Shares have had a tough year, losing nearly 39%.

CNBC Pro subscribers can read the full story here.

— Sean Conlon

UnitedHealth falls despite better-than-expected earnings

UnitedHealth shares were down 3.7% after the insurance giant trimmed the top end of its full-year earnings guidance.

The company now sees 2024 earnings per share between $27.50 and $27.75. Earlier this year, UnitedHealth had issued a forecast ranging between $27.50 per share and $28 per share.

UnitedHealth did post third-quarter numbers that beat expectations. The company earned $7.15 per share on revenue of $100.82 billion. Analysts polled by LSEG expected a profit of $7 per share on revenue of $99.28 billion.

— Fred Imbert

Bank of America earnings beat expectations

Bank of America reported better-than-expected results for the third quarter, sending shares slightly higher in the premarket.

The bank posted a profit of 81 cents per share on revenue of $25.49 billion. Analysts expected earnings of 77 cents per share on revenue of $25.3 billion.

The results were driven in part by strong trading revenue.

— Fred Imbert

China stocks drop with Hang Seng tanking 4% after downbeat trade data

China stocks fell Tuesday even as broader Asia-Pacific markets rose after the Dow Jones Industrial Average and the S&P 500 reached new record highs overnight. 

Mainland China's CSI 300 dropped 2.66% to end at 3,855.99, while Hong Kong's Hang Seng index was down about 4% by its final hour of trading, a day after China's September export and import data sharply missed expectations.

Japan's Nikkei 225 gained 0.77% to close at 39,910.55, while the broad-based Topix rose 0.64% to reach 2,723.57. South Korea's Kospi rose 0.39% to end at 2,633.45, while the small-cap Kosdaq gained 0.4% to reach 773.81. 

Australia's S&P/ASX 200 rose 0.79% to end trading at 8,318.4. 

— Dylan Butts

Europe stocks open higher

European stocks opened broadly higher Tuesday, with the Stoxx 600 index up by 0.34% at 8:15 a.m. in London.

However, major bourses were mixed, with Germany's DAX up 0.52% as France's CAC 40 and the U.K.'s FTSE 100 fell by 0.13% and 0.08%, respectively.

— Jenni Reid

Nvidia notches fresh record closing high

Nvidia shares ended Monday's session at an all-time closing high, bringing the chipmaker's market cap above $3.4 trillion.

The stock jumped 2.4% to finish the session at $138.07, beating its prior closing high of $135.58 seen June 18. Shares are now up more than 178% in 2024 alone as the artificial intelligence boom continues taking Wall Street by storm.

Nvidia is the second-most valuable publicly traded U.S. company. It's currently behind Apple, which has a market cap of about $3.55 trillion.

— Alex Harring, Kif Leswing

Coty slides on weaker-than-anticipated revenue growth

Coty shares tumbled more than 3% in extended trading on Monday after the beauty company said first-quarter revenue growth was smaller than previously expected.

The New York-based company said revenue grew at a rate of between 4% and 5% in the quarter on a like for like basis. That's lower than the prior guidance of 6% growth for the three-month period.

Shares of Coty have bucked 2024's market uptrend, diving more than 26% year to date.

— Alex Harring

Stock futures are little changed

Futures tied to the Dow, S&P 500 and Nasdaq 100 all sat near flat shortly after 6 p.m. ET.

— Alex Harring