Stock Market Today: Dow Soars 1,000 Points On Hormuz Opening; Tesla Makes This Bullish Move (Live Coverage)

The reopening of the Strait of Hormuz acts as a macro-reflation catalyst, fueling a risk-on rotation that contrasts sharply with the localized volatility seen in recent tech earnings; specifically, the Dow’s 1,000-point surge underscores a flight back into cyclicals, overshadowing idiosyncratic weaknesses in high-multiple names like Netflix. Despite Netflix’s strong beat, the RSI at 89.36 and a bearish MACD crossover signal an exhausted trend and high risk of a deep mean-reversion, particularly as the $97.62 level faces heavy overhead pressure following the 11% post-earnings slump. Conversely, Tesla maintains a constructive technical posture with a bullish MACD recovery; its $406.49 price point, supported by steady sentiment regarding the Terafab project and Robotaxi expectations, suggests a potential breakout if volume expands above the 1.0x average. Fundamental analysis of recent 10-Q filings confirms that while Tesla’s capital-intensive Terafab project poses long-term margin risks, the easing of global energy costs creates a favorable tailwind for consumer discretionary spending, which should sustain Tesla’s price floor near $390. Traders should consider trimming Netflix positions into any technical bounce, while accumulating Tesla on pullbacks toward the $400 support level, prioritizing risk management as the market digests the sudden geopolitical de-escalation.