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Tuesday's stock stories: What’s likely to move the market in the next session
The Dow Industrials hit a new record, with housing starts data due Tuesday at 8:30 a.m. ET. Homebuilder stocks show mixed performance: Toll Brothers up 18% in a month, Hovnanian up 25% in a month, D.R. Horton up 14.5% in a month, Lennar up 9% in a month, and PulteGroup up 11.5% in a month, though many remain off their highs. SpaceX options begin trading Tuesday on the Cboe. On day two of trading, SpaceX stock rose nearly 20% to close at $192.50, giving it a market cap of $2.5 trillion, compared to Amazon's $2.6 trillion. Workday holds its annual meeting; the stock is down 47% in a year and 48% from its September 2025 high. Of 22 analysts rate it buy or overweight, 21 have a hold. The stock closed at $129.60 on Monday, down 0.9%, with a $173.56 average price target. In energy, West Texas Intermediate futures trade around $81 a barrel, still 20% above pre-Iran war levels. The S&P Energy sector is down 7.3% in a month and 12.5% from its March 27 high. ExxonMobil shares fell 20% from their March 30 high, closing near $141; Chevron closed at $180.40, down 16% from its March 30 high. The Russell 2000 hit a new high Monday, up 6% in a month; the NYSE Composite also hit a new high, up 7.3% in three months; the Dow Industrials hit a new high, up nearly 11% in three months; the Nasdaq 100 is off 0.7% from its high; the S&P 500 is down 0.87% from its high.