Dow Jones futures rose slightly Wednesday morning, along with S&amp;P 500 futures and Nasdaq futures, paring slim gains after weak jobs data. CrowdStrike and Guidewire Software are big earnings movers.\n\nDow Jones futures rose 0.1% vs. fair value. S&amp;P 500 and Nasdaq 100 futures advanced 0.1%.\n\nOvernight, President Donald Trump said that China's President Xi Jinping is \"hard\" to make a deal.\n\n\"I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!,\" Trump wrote on Truth Social.\n\nThe <a>Federal Reserve said late Tuesday</a> that Wells Fargo is no longer subject to asset growth restrictions imposed in 2018. Wells stock rose overnight, climbing within a buy zone.\n\nThe ADP Employment Report showed private payrolls rose by just 37,000 last month, well below views for 110,000. The May employment report is due Friday.\n\n<h2>Stock Market Clears Key Levels Tuesday</h2>\n\nThe stock market rally rose modestly Tuesday with the gains having outsized importance: The Dow Jones regained its 200-day line while the Nasdaq and S&amp;P 500 peeked above their recent ranges.\n\nThe Dow Jones Industrial Average rose 0.5% in Tuesday's <a>stock market trading</a>, back above its 200-day moving average. The S&amp;P 500 index climbed 0.6%. The Nasdaq composite advanced 0.8%. The small-cap Russell 2000 jumped 1.6%.\n\nU.S. crude oil prices rose 1.4% to $63.41 a barrel. The 10-year Treasury yield was flat at 4.46%.\n\n<a>Nvidia</a> regained a buy point. <a>Tesla</a> flirted with aggressive entries but backed off as CEO Elon Musk ripped the <a>Trump budget bill as a \"disgusting abomination.\"</a>\n\nQuanta Services and Jabil broke out, but there were some notable losers too.\n\nThe video embedded in this article discusses Tuesday's market action and analyzes Stride, Talen Energy and Quanta Services stock.\n\n<p><a>Join IBD experts as they analyze leading stocks and the market on IBD Live</a></p>\n\n<h2>Earnings</h2>\n\nCRWD stock fell sharply early Wednesday after CrowdStrike earnings beat but revenue guidance came in a little light. The cybersecurity stock rose 2% Tuesday to record highs, extended from various entries.\n\nGWRE stock jumped more than 10% in premarket action, signaling a breakout after strong Guidewire Software earnings. The insurance underwriting software maker rose 1.4% to 218.18 on Tuesday. Guidewire stock is extended from a double-bottom buy point but offers a 218.33 handle entry.\n\nHewlett Packard Enterprise rose solidly early Wednesday on solid Q2 earnings. Shares are still below their 200-day line.\n\n<h2>ETFs</h2>\n\nAmong growth ETFs, the Innovator IBD 50 ETF rose 0.8%. The iShares Expanded Tech-Software Sector ETF climbed 1%, with CrowdStrike and Palo Alto Networks top-10 components. The VanEck Vectors Semiconductor ETF jumped 2.3%, with Nvidia stock the No. 1 holding.\n\nARK Innovation ETF gained 1.4% and ARK Genomics ETF 2.2%. Tesla stock is the leading holding for ARK Invest, despite some recent Cathie Wood sales.\n\nSPDR S&amp;P Metals &amp; Mining ETF rallied 1.9%. The Global X U.S. Infrastructure Development ETF popped 1.5%, with PWR stock a significant member.\n\n<p><a>Time The Market With IBD's ETF Market Strategy</a></p>\n\n<h2>Breakouts And Reversals</h2>\n\nLeading stocks generally acted well, with several breaking out. Quanta Services and Jabil cleared <a>cup-with-handle</a> buy points Tuesday.\n\nQuanta stock rose 3.2% to 356.49, clearing a 348.90 entry, according to <a>MarketSurge</a>. Jabil stock climbed 3% to 172.99, topping a 170.90 trigger. Both stocks' <a>relative strength lines</a> hit new highs.\n\nOn the flip side, Him &amp; Hers Health shot up nearly 19% intraday, topping a buy point on a European push, but shares dived to close down 3.6%. Chefs' Warehouse broke out early but reversed for a 4.1% loss. Stride stock, which flashed a buy signal Monday, dived 10% Tuesday after a New Mexico school district dropped the online education firm.\n\nNuclear stocks initially jumped on a Meta Platforms power deal with Constellation Energy, but many slashed gains or even reversed lower by the close. However, Talen Energy stock did close well.\n\n<h2>Nvidia Stock Reclaims Buy Point</h2>\n\nNvidia stock rose 2.8% to 141.22, moving back above a 137.40 handle <a>buy point</a>. NVDA shares hit the best close since late January.\n\nShares edged higher early Wednesday.\n\n<h2>Tesla CEO Musk Decries 'Disgusting' Trump Budget Bill</h2>\n\n<a>Musk ripped the House-passed tax-and-spending package</a> backed by President Donald Trump on his social site. \"This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.\"

Dow Jones Futures: Market Nears Highs, Tesla Slashes Gains On These Musk Comments

The article discusses stock market activity, including Dow Jones futures rising slightly after weak jobs data, earnings reports from CrowdStrike and Guidewire Software, and comments from political figures like Donald Trump and Elon Musk. It highlights stock movements, ETF performance, and market analysis.