These Were the Big S&P 500 Movers on Monday

Advancers

• Tesla (TSLA) shares surged 11.9%, logging the S&P 500's top daily performance. The march higher on Monday 澳洲幸运5官方开奖结果体彩网:extendeඣd gains posted late last week after Tesla CEO Elon Musk held an all-hands meeting with employees, arguing that investors have underestimated the potential of the firm's self-driving and humanoid robot technology. Tesla also announced it would activate its smart driving-assistance feature in China as soon as it receives regulatory approval.

• United Airlines (UAL) increased annual fees for its rewards credit cards and airport lounge memberships. While customers will have to pay more for these travel perks, United also announced sign-up bonuses for new co-branded credit cards with JPMorgan Chase, along with additional benefits for cardholders, such as credits for ridesharing services. The carrier stressed that the enhanced benefits should outweigh the cost increase, and United Airlines shares soared 7.2%.
• Semiconductor stocks got a boost from the developments on trade policy, with suggestions that 澳洲幸运5官方开奖结果体彩网:chips could receive a reprieve in the upcoming round of reciprocal tariffs. Advanced Micro Devices (AMD) gained 7.0% after China's Ant Group said it had developed a more cost-efficient technique for training AI models. Although Ant has used AI chips from Nvidia (NVDA) in the development process, it is reportedly considering alternatives from AMD and Chinese rivals.

Decliners

• While the alleviation of tariff concerns helped lift high-risk, high-reward investments like tech stocks, shares of companies known for their more defensive characteristics came under pressure. Shares of Hormel Foods (HRL), the parent company of Spam and other packaged food brands, fell 2.4%, losing the most of any S&P 500 stock. Hormel announced last week that former CEO Jeff Ettinger would rejoin its board of directors and participate in the committee tasked with naming a replacement for current CEO Jim Snee, who is set to retire later this year.
• Shares of MarketAxess Holdings (MKTX), operator of a digital trading platform for fixed-income securities, moved 2.4% lower. Monday's downturn reversed some of the gains posted by the stock this month after MarketAxess reported robust growth in average daily volume for February. While strength in emerging markets and Eurobonds contributed to the positive monthly trading figures, the platform experienced softness in U.S. credit markets.
• Brown-Forman (BF.B) stock also slipped 2.3%. Shares of the alcoholic beverage maker have been trending downward over the past two weeks as tensions between the U.S. and major trade partners shine a spotlight on whiskey and other spirits. However, recent reports that the European Union might delay its impending tariff on U.S. whiskey could spell some relief for the Jack Daniels parent.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

GameStop Levels to Watch as Earnings Report on Deck

GameStop (GME) shares gained ground to st♐art the week ahead of the sc🔯heduled release of the video game retailer’s earnings report after Tuesday’s closing bell.

GameStop shares, which also double as a 澳洲幸运5官方开奖结果体彩网:meme stock&n♚bsp;favorite among retail traders, rose 3.5% to $25.61 on Monday, adding to last week's 7% gain, indicating speculative b🔥uying ahead of the company’s quarterly results. The stock is still down 18% since the start of the year.

GameStop shares broke out above the top trendline of a three-month 澳洲幸运5官方开奖结果体彩网:falling wedge  pattern on above-average volume in Friday’s trading session, possibly paving the way for an earnings-fueled rally. Moreover, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) crossed back above the 50 thresho🎀ld late last week, 𝕴indicating improving price momentum.

However, in a conflicting technical signal, the 澳洲幸运5官方开奖结果体彩网:50-day moving average (MA) sits on the precipice of crossing below the 200-day MA to form an ominous 澳洲幸运5官方开奖结果体彩网:death cross, a chart pattern that predicts lower prices.

Investors should watch key overhead levels on GameStop's chart around $29, $32, and $37, while also eyeing important support levels near $22 and $20.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

What Normally Happens After 4-Week Losing Streak Snapped?

The S&P 500 posted big gains on Monday after i𒀰nching higher last week to snap a four-week losing streak.

Four-week losing streaks are relatively rare, wrote LPL Financial Chief Technical Strategist Adam Turnquist in a note on Monday. They have occurred only 66 times since 1928, according to Turnqu🎀ist. And, historically speaking, they tend to♉ precede good times. After monthlong losing streaks, stocks have posted an average one-month gain of 1.2% and an average three-month gain of 2.9%. Six-month gains have averaged 4.6%.

These aren’t exceptional rallies; they’re about average. The S&P 500’s 澳洲幸运5官方开奖结果体彩网:average annual return is slightly more than 10%. But they’re gains nonetheless, which many investors would surely take with so many 澳洲幸运5官方开奖结果体彩网:unknowns hanging over the market. 

There is, however, a small caveat to Turnquist’s findings: The rebound out of a four-week slump tends to be much smaller if the S&P 500 falls below its 澳洲幸运5官方开奖结果体彩网:200-day moving average, as it did during the recent sell-off. In circumstances like the current moment’s, losing streaks have been followed by av💖erage one-month, three-month, and🧔 six-month returns of 0.5%, 1%, and 3.5%, respectively. 

However, the 200-day moving average makes less of a difference in the long run. The 🍃S&P 500 tends to return about 9% in the year after a bad four-week stretch regardless of whether it’s above or below that threshold.

The 200-day moving average is a widely followed 澳洲幸运5官方开奖结果体彩网:technical indicator. For legendary investor 澳洲幸运5官方开奖结果体彩网:Paul Tudor Jones, it is a 澳洲幸运5官方开奖结果体彩网:sign of more pain ahead. He has touted the 200-day moving average rule, which simply says that you get out when an asset’s price goes below that level. Few analysts are hard-liners in that way, but some warned investors should approach stocks with caution after the Nasdaq 100 and S&P 500 dipp♔ed below their 200-day averages earlier this month. 

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Chip Stocks Rally as Tariff Worries Ease

Advanced Micro Devices (AMD), Nvidia (NVDA) and other chip stocks 澳洲幸运5官方开奖结果体彩网:rallied Monday  following reports the Trump administration 澳洲幸运🎃5官方开奖结果体彩网:may not target the semiconductor industry as part of the tariffs scheduled to take effeꦕct on April 2.

AMD shares were up 7.5% in recent trading, making it one of the best-performing stocks in the S&P 500. Nvidia shares climbed 3.5%, while NXP Semiconductors (NXPI) added 5%. Micron Technology (MU) and Qualcomm (QCOM) shares wꦦere also solidy higher. The iShares Semiconductor ETF was up morꦗe than 3%.

Over the weekend, The Wall Street Journal reported that tariffs꧙ targeting specific sectors such as automobiles, pharmaceuticals, and semiconductors are unlikely to be announced on April 2. Reciprocal taxes on targeted nations are still expected to go into effect.

Worries that semiconductors could be subject to tariffs of 25% or more, as Trump 澳洲幸运5官方开奖结果体彩网:previously suggested, have weighed on chip stocks in recent weeks. Investors also have 澳洲幸运5官方开奖结果体彩网:been wary fuꦺrther export curbs could drag on chipꦓ sales.

The emergence of a lower-cost model from Chinese AI startup DeepSeek has also raised concerns about how much Big Tech firms will invest in AI infrastructure. However, many of America's biggest tech giants recently announced plans to boost their spending, with Amazon saying it expects to 澳洲幸运5官方开奖结果体彩网:spend more than $100 billion in capital expenditures in 2025, following similar announcements from Google parent Alphabet (GOOGL), Microsoft (MSFT), and Meta Platforms (META).

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

United Airlines Stock Flies

United Airlines (UAL) shares soared Monday as the airline rolled out changes to its JPMorgan Chase (JPM) 澳洲幸运5官方开奖结果体彩网:co-branded credit cards, including new ❀p♓erks for cardholders and higher fees. 

Co-branded credit cards 澳洲幸运5官方开奖结果体彩网:have been instrumental in keeping U.S. airlines profitable. The four biggest carriers—United, Delta Air Lines (DAL), 澳洲幸运5官方开奖结果体彩网:American Airlines (AAL), and Southwest Airlines (LUV)—all lost money transporting passengers last year.💛 However, the airlines make up for this by selling frequent-flyer miles to credit-card companies at advantageous terms, with the c💙ard issuers then offering the miles as rewards to cardholders.

The United cards' new benefits include hotel, rental car, and rideshare credits that vary by card level, as well as complimentary Instacart+ subscriptions that vary in duration.

The United Explorer Card now comes with a $150 annual fee, up from $95, while its Quest and Club lev༒el cards noꩲw cost $350 and $695, respectively, up from $250 and $525.

Access to the airline's in-demand United Club airport lounges will also be changing. Until now, the carrier had sold one kind of United Club membership, with the annual fee (ranging from $550 or 75,000 MileagePlus miles to $650 or 85,000 miles) determined by MileagePlus status level. Membership included entry for up to two guests and access to other Star Alliance airline lounges.

Effective immediately, United will have two-tiered plans: individual membership costing $750 or 94,000 miles (no guest access, no discounts for higher-tier elite ꦍmembers, access just for United Clubs), and All Access plans for $1,400 or 175ꦚ,000 miles (up to two guests, discounts for elite members, and access to other Star Alliance lounges). 

As Gary Leff of travel site View From the Wing writes, someone with United MileagePlus Premier 1K status "goes from $550 to $1,200 to keep the benefits they have currently." Leff adds that "customers are going to pay more—to United, or United and Chase—if they want continued lounge access. However, the card becomes even more the 'better deal' than before." 

United shares were up nearly 7% in late trading Monday. The stock has gained nearly 70% over the past 12 m🧔꧃onths.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

UBS Upgrades Nucor, Steel Dynamics to 'Buy'

UBS analysts on Monday upgraded the shares of several U.S. steelmakers, citing Trump's "tariff support."

Steelmakers Nucor (NUE) and Steel Dynamics (STLD) were ܫrecent✅ly up 4% and 3%, respectively after UBS analysts on Monday upgraded both stocks to "Buy."

ဣ Steel prices have soared since President Trump signed an order in early February imposing a 25% tariff on all steel and aluminum imports. Nucor has reportedly raised prices eight times since the start of the year. The company now♔ charges $930/short ton for hot-rolled coil, up more than 17% since Trump’s tariff order.

UBS expects prices to come down eventually as new capacity comes online. “However, we are confident that prices will hold in the 800's, supported by a much higher cost curve (on scrap) and higher import parities (on tariffs), even in a bleak demand scenario,” the analysts wrote. 

S🌄ome economists and analysts have warned that Trump’s tariff policies, intended to boost domestic manufacturing, could undermine that goal by lifting prices and reducing domestic demand.

UBS analysts, however, see reason for optimism. Demand has been weak so far this year, but they “expect 2H25 demand to benefit from stabilization/recovery in traditional markets & federal stimulus,” including the 2021 Infrastructure Investment and Jobs Act. (Though the Trump administration is curr🎃ently fighting to freeze all IIJA and Inflation Reduction Act funds.)

Despite the support of President Trump, steel stocks have failed to keep pace with soaring prices. Even with Monday’s gains, Nucor shares are down about 18% since early December, whiಌle Steel Dynami🍷cs has lost about 13%. The stocks have been hit in the last month by the same economic concerns that have weighed on the broader equities market. 

“We believe the trade war sell off/de-rating could provide an attractive opportunity for NUE/STLD,” wrote the analysts. UBS on Monday maintained its $149 price target on shares of Steel Dynamics, implying 21% upside from Friday's close. They lifted Nucor's price target by $4 to $160, which represents upside potential of 31%.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

AZEK Stock Soars on Deal to be Acquired by James Hardie

Shares of The AZEK Company (AZEK) jumped Monday following news the manufacturer of outdoor living products agreed to be purchased by Australian building materials maker James Hardie Industries (JHX) for $8.75 billion in cash and stock.

The agreement calls for AZEK shareholders to receive $26.45 per share in cash, plus 1.034 James Hardie shares, for a total compensation of $56.88 per share. That's a 37% premium over AZEK’s closing price on Friday.

James Hardie CEO Aaron Erter called the purchase "an extraordinary opportunity to accelerate our growth strategy, deliver enhanced and differentiated solutions to our customers and drive shareholder value." Erter said that James Hardie expects "to significantly enhance the combined company's 澳洲幸运5官方开奖结果体彩网:profitability and 澳洲幸运5官方开奖结果体彩网:cash flow."

AZEK makes TimberTech decking and railing, Versatex and AZEK Trim, and StruXure pergolas. James ♍Hardie is behind such brands as Hardie Plank, Hardie Panel, Hardie Trim, Cemboard, and Prevail.

The transaction is expected to close in the 💫second half of this year. 

AZEK shares were up 15% in afternoon trading Monday. U.S.-listed shares of James Hardie sank 18% o🥂n the news.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

These Four Companies Joined the S&P 500 Today

Shares of Williams-Sonoma rose Monday as it and three other companies were added to the benchmark 澳洲幸运5官方开奖结果体彩网:S&P 500 index before trading opened. 

Williams-Sonoma (WSM), a retailer whose brands include Pottery Barn and West Elm, was recently up nearly 4%. The other three companies 澳洲幸运5官方开奖结果体彩网:joining the index today—DoorDash (DASH), Expand Energy (EXE) and TKO Group (TKO)—were ahead 4%, 2% and 1%, respectively.

Those four companies replaced BorgWarner (BWA), Teleflex (TFX), Celanese (CE) and FMC (FMC). The cha📖nges were part of a𝔍 periodic rebalance of the index.

Among other index changes today: Palantir Technologies (PLTR), Intuitive Surgical (ISRG) and ServiceNow (NOW) replaced Dow (DOW), Kraft Heinz (KHC) and Ford (F) in the S&P 100, an index of large American c𝔍ompanies, while remaining in the S&P 500.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Intuitive Machines Stock Soars on Strong Sales, Outlook

Shares of Intuitive Machines (LUNR) soared more than 20% ⛎Monday when the space technology provider said its sales and backlog soared, and issued a rosꦆy outlook as it added new customers.

The positive news came just two weeks after the company's lunar lander mission ended following a landꦗing mishap, which had sent shares tu💮mbling. 

Intuitive Machines reported fourth-quarter revenue that jumped nearly 80% year-over-year to $54.7 million. However, costs skyrocketed, with adjusted EBITDA sinking 146% to negative $1🌌1.2 million.  

Backlog increased 22%, hitting a quarterly reco𝓰rd of $328.3 million. The firm credited the gain to $303.7 million in new awards primarily associated with contracts from the NASA, and task order modifications to other contracts. 

Intuitive Machines sees full-year revenue in the range of $250 million to $300 million. It anticipates positive run-rate adjusted EBꦬITDA by the end of 2025, and it predicts positive adjusted EꦅBITDA for 2026.

The impact of the moon mission failure slashed the stock price in half. However, with today's 24% advance, Intuitive Machines shares are still nearly 40% higher over the past 12 months.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Tesla Stock Pops, Adding to Friday's Big Gains

Tesla (TSLA) shares surged Monday, extending gains Friday after CEO 澳洲幸运5官方开奖结果体彩网:Elon Musk told employees to "hang on" to their Tesla stock in 澳洲幸运5官方开奖结果体彩网:an all-hands meeting last week.

Shares were up more than 9% at around $272 in recent trading, putting them back in the green since Election Day, though shares have still lost 澳洲幸运5官方开奖结果体彩网:more than 40% of their value since hitting a record high in December.

Shares of Tesla had rallied following Donald Trump's election win in November as investors were optimistic about Musk's proximity to the administration. After Trump was inaugurated in January, however, 澳洲幸运5官方开奖结果体彩网:shares slumped as some investors saw Musk's 澳洲幸运5官方开奖结果体彩网:involvement as hurting Tesla's brand amid 澳洲幸运5官方开奖结果体彩网:declining sales and protests, along with uncertainty over how tariffs will 澳洲幸运5官方开奖结果体彩网:impact its business.

At last week's staff meeting, Musk had argued Wall Street doesn't fully understand Tesla's value and potential, based on expected advances in its self-driving software, and other products like its Optimus robot. The company's stock gained in the wake of the comments.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Supermicro Levels to Watch After Recent Rally

Super Micro Computer (SMCI) shares moved lower to start the week after 澳洲幸运5官方开奖结๊果体彩网:leading the S&P 5꧙00 higher Friday following bullish remarks from analysts.

JPMorgan upgraded the stock, pointing out that shares in the server maker could receive a boost from increasing demand for AI infrastructure, particularly its hardware that houses Nvidia’s (NVDA) sought-after 澳洲幸运5官方开奖结果体彩网:Blackwell chips as shipments ramp up.

Coming into Monday's session, Supermicro shares had gained nearly 40% since the start of the year as investors look past highly publicized 澳洲幸运5官方开奖结果体彩网:accounting and corporate governance challenges that have weighed on the co🍌mpany's s♏tock over the past six months.

Supermicro shares carved out an 澳洲幸运5官方开奖结果体彩网:inverse head and shoulders pattern between August and February before breaking out above the formation’s neckline on heavy trading volume last month. More recently, the stock found buying interest on a澳洲幸运5官方开奖结果体彩网: pullback to the initial breakout point, lifting the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) back above the 50 threshold in the process🅰 and potentially setting the stage for another move higher.

Investors should watch crucial support levels on Supermicro's chart around $35 and $26, while also monitoring key resistance levels near $66 and $97.

Supermicro shares were dꦗown ne🥂arly 3% at around $41 in early trading Monday. The stock gained nearly 8% on Friday.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Futures Point to Sharply Higher Open for Major Indexes

Futures tied to the Dow Jones Industrial Average were up 0.9% in recent trꦕading.

S&P 500 futures added 1.2%.

Nasdaq 100 futures jumped 1.5%.