Stocks closed sharply higher Tuesday, recovering all of the ground lost during yesterday's downturn, as investors digested a flurry of earnings reports and awaited further developments on tariffs.
The S&P 500 and tech-heavy 澳洲幸运5官方开奖结果体彩网:Nasdaq Composite jumped 2.5% and 2.7%, respectively, while the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average also added 2.7%, or more than 1,000 points. Stocks had 澳洲幸运5官方开奖结果体彩网:kicked of🥀f the week with steep losses as President Donald Trump's criticisms of Federal ᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚReserve Chair Jerome Powell raised concerns about the independence of the central bank, while uncertainty about tariffs and their impact on the economy and businesses continued to weigh on sentiment.
Treasury Secretary Scott Bessent sparked some optimism Tuesday when he reportedly called the tariff-driven trade war between the U.S. and China "unsustainable" and said it would likely "de-escalate." He told a group of investors the two sides had not yet begun to negotiate, but that a deal was possible, Bloomberg reported.
Companies reporting quarterly results were among the notable movers on Tuesday. Shares of GE Aerospace (GE) and 3M (MMM) rose 6% and 8%, respectively, while Equifax (EFX) surged 14% to pace S&P 500 advancers. Defense contractor Northrop Grumman (NOC) tumbled 13% to lead S&P 500 decliners.
Shares of the world's largest technology companies, which were among the big decliners on Monday, all gained ground today. EV maker Tesla (TSLA) jumped nearly 5% ahead of the highly anticipated release of the EV maker's earnings report after the closing bell. Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) each tacked on more than 3%, while Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG) and Broadcom (AVGO) were also solidly higher.
Among other noteworthy tech sector movers, data analytics software provider Palantir (PLTR) rose 3.5%, while adtech company Applovin (APP) and memory chip maker Micron (MU) gained 4% and 5%, respectively. Shares of streaming giant Netflix (NFLX) jumped more than 5%, adding to the gains posted since last week's 澳洲幸运5官方开奖结果体彩网:strong earnings report.
Shares of Strategy (MSTR), the major holder of bitcoin that until recently was known as MicroStrategy, rose 8% as the digital currency surged. Bitcoin was at a♔bout $92,000𒀰 in late-afternoon trading, up from an earlier low of $86,900 and trading at its highest levels since early March.
Gold futures were down 2% at $3,350 an ounce, after 澳洲幸运5官方开奖结果体彩网:hitting a record high of $3,510 this morning, as investors continued turning to the pre🌸cious metal as a safe haven amid the uncertainty surrounding tariffs and the 🐼economic outlook.
The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, was at 99.64, up 1.4% from yesterday's close. The index on Monday hit 97.92, its lowest level since March 2022, as Trump's comments about Powell and his demand that the Fed lower interest rates 澳洲幸运5官方开奖结果体彩网:rattled investors.
The yield on the 10-year Treasury, which influences borrowing costs on all sorts of loans, 澳洲幸运5官方开奖结果体彩网:notably mortgages, was unchanged at 4.40%, aไs trading in the bond market stabilized after several weeks of volatility.
West Texas Intermediate futures, the U.S. crude oil benchmark, were were up 1.8% at $64.20 per barrel, recovering from yesterday's selloff.
Biggest S&P 500 Movers on Tuesday
Advancers
- Equifax (EFX) shares logged the day's top performance in the S&P 500, surging 13.8% after the consumer credit rating agency reported 澳洲幸运5官方开奖结果体彩网:better-than-expꦇe🌞cted sales and adjusted profits for the first quarter. The information provider noted that the strong performance came despite headwinds in its U.S. mortgage and hiring businesses. Equifax also increased its quarterly dividend and announced a $3 billion share repurchase program.
- Shares of First Solar (FSLR) jumped 10.5% after the U.S. government announced significant antidumping duties on equipment from four Southeast Asian countries that have historically accounted for the majority of solar panel and cell imports. The move could create upward pressure on solar panel pricing in the U.S. without affecting First Solar's capacity.
- Pentair (PNR), a provider of water treatment solutions, also topped analysts' expectations with its first-quarter sales and profits, and its shares gained 9.2%. Although revenue slipped year over year, Pentair achieved earnings growth and margin expansion, and the CEO highlighted the company's adaptability and resilience in mitigating tariff impacts.
Decliners
- Northrop Grumman (NOC) shares plunged 12.7%, falling the furthest of any S&P 500 stock, after the aerospace and defense technology firm 澳洲幸运5官方开奖结果体彩网:mis𝓡sed quarterly sales and profit estimates. The results included a $477 million loss on Northrop's B-21 bomber program, reflecting higher materials and production costs. The lackluster results weighed on other stocks in the defense sector, with shares of aviation peer RTX (RTX) dropping 9.8%.
- Oilfield service giant Halliburton () indicated that tariffs and slumping oilfield activity could affect its second-quarter performance. The company indicated that its custꦍomers are assessing options 𓄧for their production activities moving forward as they react to the uncertain economic environment and slumping crude oil prices. Halliburton shares fell 5.6%.
- Kimberly-Clark (KMB) shares slipped 1.5% after the Kleenex maker 澳洲幸运5官方开奖结果体彩网:reduced its annual profit forecast, citing a $300 million cost impact in 2025 related to tariffs imposed by the Trump administration. Although the paper products company manufactures the majority of its products domestically, it suggested that the current trade environment would affect its global supply chains.
Tesla Results Fall Well Short of Expectations
Tesla (TSLA) on Tuesday reported first-quarter resuღlts that missed analysts' expectations.
The electric vehicle maker reported adjusted earnings of $0.27 per share on revenue of $19.34 billion, down from earnings of $0.45 per share on $21.3 billion in revenue a year ago, well below 澳洲幸运5官方开奖结果体彩网:analysts' forecasts compiled by Visible Alpha.
澳洲幸运5官方开奖结果体彩网:Analysts have warned that CEO Elon Musk's involvement in the Trump administration is likely 澳洲幸运5官方开奖结果体彩网:hurting Tesla, as sales have fallen in a 澳洲幸运5官方开奖结果体彩网:number of key markets for the EV maker to start the year.
"Uncertainty in the automotive and energy markets continues to increase as rapidly evolving trade policy adversely impacts the global supply chain and cost structure of Tesla and our peers," the company said in Tuesday's release. "This dynamic, along with changing political sentiment, could have a meaningful impact on demand for our products in the near-term."
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Cheng Xin / Getty Images
Tesla said the Trump administration's current tariff plans will have a "relatively larger impact" on its renewable energy business compared to the automotive side, and the company said it is "taking actions to stabilize the business in the medium to long-term and focus on maintaining its health."
Tesla didn’t offer a fresh outlook for the full year in its first-quarter earnings release, saying the company plans to do so 🅠when it reports second-quarter results.
“While we are making pru🎃dent investments that will set up both our vehicle and energy businesses for growth, the rate of growth this year will depend on a variety of factors, including the rate of acceleration of our autonomy efforts, production ramp at our factories and the broader macroeconomic environment” the company wღrote. “We will revisit our 2025 guidance in our Q2 update.”
Tesla shares wavered between slight gains and losses in extended trading after the report was released, after gaining 4.6% in Tuesday's session. The stock has lost about 40% of its value since the start of the year.
Investors were eagerly awaiting comme𓆉nts from CEO Elon Musk during the earnings call at 5:30 p.m. ET.
Mining Stocks Have Room to Rise as Gold Surges, Jefferies Says
As gold prices keep hitting record highs, Jefferies analysts saidꦅ shares of companies that mine the precious metal coul😼d still have room to rise.
The price of gold briefly 澳洲幸运5官方开奖结果体彩网:crossed $3,500 per ounce Tuesday, setting a record for the second day in a row. At about $3,390 per ounce in recent trading, the precious metal has risen nearly 30% so far in 2025. Gold is “the only true 澳洲幸运5官方开奖结果体彩网:safe haven left,” Jefferies analysts told clients Tuesday, amid worries about a U.S. trade war with China and President 澳洲幸运5官方开奖结果体彩网:Donald Trump’s recent comments&nb💃sp;attacking Federal Reserve Chair Jerome Powell🌸.
However, gold 澳洲幸运5官方开奖结果体彩网:mining stocks haven’t all caught up to the rally, Jefferies said. The current prices of mining stocks would suggest a gold price of about $2,500 per ounce, the analysts said, well below the current level. The analysts pointed to Barrick Gold () as a possible “catch-up” candidate, and raised their price targets for several other miners including Agnico Eagle (AEM) and Alamos Gold (AGI).
Meanwhile, Bank of America Securities lifted its targets for Barrick, Agnico, and Alamos, along with Newmont (NEM), whose shares have jumped nea🍷rly 50% this year.
Newmont is due to report first-quarter earnings Wednesday, with Agnico expected a day later. Alamos a🅰nd Barrick are set to follow on April 30 and May 7, respectively.
Nvidia-Backed CoreWeave Jumps as Analysts Launch Coverage
CoreWeave (CRWV) shares surged Tuesday as several analysts launched coverage of the 澳洲幸运5官方开奖结果体彩网:artificial intelligence play with ꦫprice targets suggesting they see gains for the stoc🦩k.
Shares of the cloud computing company backed by Nvidia (NVDA) were up 10% in Tuesday afternoon trading, near their initial public offering 澳洲幸运5官方开奖结果体彩网:price of $40, and down from their April 2 reco🍃rd close at $61.36.
Jefferies analysts on Tuesday initiated coverage with a "buy" rating and a price target of $51, as they said CoreWeave could be "well positioned to capture" growing demand for AI compute. Analysts from Bank of America, Mizuho, and JPMorgan also issued "buy" ratings, with price targets of $42, $46, and $43, respectively.
However, JPMorgan analysts cautioned they expect the stock could "provide a wild, lumpy, volatile ride, requiring a risk tolerance that may not exist for most investors."
Several analysts noted risks tied to CoreWeave's AI-centric business, and the fact that CoreWeave's revenue is highly concentrated, with Microsoft (MSFT) accounting for more than half of its r⛦evenue last 👍year.
Analysts from Citi gave CoreWeave a "neutral" rating and $43 price target, calling it a "high risk" investment where they "would like to see a few quarters play out before getting off the sidelines." Morgan Stanley and Deutsche Bank analysts were also "neutral" on the stock, with price targets of $46 and $45, respectively
Where Traders Bet Tesla Stock is Headed After Earnings
Tesla (TSLA) is set to report first-quarter 🤡earnings after the bell, and investors are hoping results can jolt the stock 🍌out of its recent malaise.
Options pricing suggests traders are expecting Tesla stock to move roughly 11% in either direction in the days after Tuesday's report. Based on Tuesday afternoon's share price of about $240, that would put Tesla stock between $214 and $264 on Friday.
A double-digit post-earnings move wouldn't be out of the ordinary for Tesla, one of the more volatile 澳洲幸运5官方开奖结果体彩网:mega-cap stocks. After its four most recent quarterly reports, the compaꦯny has seen its🥃 stock move 12.3% on average.
Shares soared nearly 22% in October when the company 澳洲幸运5官方开奖结果体彩网:beat earnings estimates and CEO Elon Musk said the company was "on track" to begin producing a model costing less t💞han $30,000 this year.
A lot has changed since October. President Donald Trump's tariffs could derail Musk's low-cost model plans. Trump's 25% duty on all foreign cars and car parts is expected to significantly 澳洲幸运5官方开奖结果体彩网:inꦚcrease the cost of all automobiles—even Tesla's,🍌 which are as♕sembled in the U.S. with some foreign parts.
Musk may have to answer to investors concerned that his involvement with the White House is both distracting him from leading Tesla and damaging the brand. Tesla dealerships have become a regular target of anti-Trump protests, and international sales have plummeted amid 澳洲幸运5官方开奖结果体彩网:a global backlash to Musk's political interventions.
Tesla's first-quarter deliveries 澳洲幸运5官方开奖结果体彩网:fell short of analysts' estimates, which had a﷽lready been lowered since the start of the year.
Halliburton Hurt by 'Recent Pressures on the Energy Macro'
Shares of Halliburton () fell Tuesday after the oilfield services company reported first-quarter profit that came in well short of analysts' estima💙tes.1
The Houston-based firm reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.24, down♐ sharply from $0.68 a year ago and below the $0.60 Visible Alpha consensus. Adjusted EPS of $0.60 matched and revenue of $5.42 billion beat projections.
CEO Jeff Miller said the company faced "recent pressures on the energy macro," but that the firm's "consistent focus on technology, collaboration, and service quality execution create value for our customers and drive long-term success for Halliburton and its shareholders."
Asked about tariffs on the earnings call, CFO Eric Carre said, "We have reasonable visibility of what is going to happen in Q2, and that is about an impact of $0.02 to $0.03," on earnings per share, according to a transcri📖pt provided by AlphaSense.
"In terms of the overall impact, we need a bit more clarity and stability in the structure of tariffs so that we can really understand what levers we can pull and then what the overall outcome is going to be," Carre said.
Halliburton's stock was down more than 6% in recent trading and was among the biggest 澳洲幸运5官方开奖结果体彩网:S&P 500 decliners. Shares have lost nearly a quarter of their value in 2025.
Equifax Pops on Strong Results, Stock Buyback Plan
Shares of Equifax (EFX) soared Tuesday as the rating service for borrowers topped quarterly profit and sales estimates, announced a new 澳洲幸运5官方开奖结果体彩网:stock buyback program and raised its dividend.
The company reported first-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.53, with reven💝ue increasing 4% year-over-year to $1.44 billion. Both topped Visible Alpha forecasts📖.
Equifax said the performance came even with "headwinds" from the U.S. Mortgage and Hiring markets. U.S. Mortgage unit revenue was up 7%, Verification Services sales added 5%, and sales at the Workforce Solutions division were 3% higher.
The company said because of its strong 澳洲幸运5官方开奖结果体彩网:free cash flow and 澳洲幸运5官方开奖结果体彩网:balance sheet, its board approved𝓡 a new $3 billion share repurchase plan that's to run for four years. In addition, Equifax boosted its quarterly dividend to $0.50 per share from $0.39.
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Equifax shares were up nearly 15% in recent trading, leading S&P 500 gainers. Despite today's advance, Equifax shares continue to trade in negative territory year-to-date.
Tesla Shares Surge Ahead of Earnings Report
Tesla (TSLA) shares climbed Tuesday ahead of the company's 澳洲幸运5官方开奖结果体彩网:first-quarter earnings report, which is due after the closing bell.
Shares of the electric vehicle maker were up close to 5% in recent trading, though the stock has lost more than 40% so far in 2025 amid lagging sales and a backlash to CEO Elon Musk's political activities.
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Shawn Thew / EPA / Bloomberg / Getty Images
Longtime Tesla bull Dan Ives of Wedbush 澳洲幸运5官方开奖结果体彩网:said ahead of the report that the company faces a "code red situation" if Musk doesn’t steꦇp back from his work in the Trump administration and refocus on Tesla.
Tesla dealerships have been the subject of protests and vandalism in recent weeks, with reports indicating sales have fallen in China and 澳洲幸运5官方开奖结果体彩网:in Europe.
Earlier this month, Tesla reported first-quarter 澳洲幸运5官方开奖结果体彩网:delivery numbers that fell short of Wall Street’s expectations. The company delivered 336,681 vehicles and produced 362,615 in th𝓀e quarter, down fꦗrom 386,810 deliveries and 433,371 vehicles produced a year ago.
Additionally, Reuters reported last week that Tesla has paused shipments of parts from China for its semi trucks and Cybercab autonomous taxi because of the Trump administration's tariffs, potentially delaying production and release of the vehicles.
3M Stock Soars on Strong Earnings Report
3M (MMM) shares jumped Tuesday as the multinational manufacturing conglomerate posted better-than-ex✱pected results and discussed how the Trump administration's tariffs may affect future performance.
The maker of Post-it Notes and personal protective equipment reported first-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS)&💟nbsp;of $1.88 on revenue that slipped 1% year-over-year to $5.95 billion but also topped Visible Alpha consensu🀅s estimates.
The gains were driven by a 2.5% increase in sales to $2.75 billion at the Safety & Industrial segment. Sales were up 1.1% to $1.82 billion at the Transportation & Electronics group, and 0.3% higher to $1.12 bi🎀llion at the Consumer division.
CEO William Brown said that the company faced a "dynamic environment," and that 3M remained focused "on improving the fundamentals in the business, building a new performance culture and advancing our strategic priorities while leveraging our extensive global network and significant U.S. footprint."
3M reiterated its full-year adjusted EPS guidance of $7.60 to $7.90, but added a note about what it called "additional tariff sensitivity," which it said could cut that by $0.20 to $0.40 per share.
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Shares of 3M were up more than 7%, leading gainers in the Dow Jones Industrial Average. The stock moved into positive territory for the year with today's surge and has gained nearly 50% over the past 12 months.
GE Aerospace Stock Rises as Q1 Results Top Estimates
GE Aerospace (GE) shares rose Tuesday morning after the company's first-quarter results came in above expectatio𓃲ns.
The engine manufacturer reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.49 on revenue of $9.94 billion. Analysts had expected $1.26 an𝐆d $9.77 billion, respectively, according to estim💞ates compiled by Visible Alpha.
GE Aerospace affirmed its full-year guidance, including aꦍdjusted EPS of $5.10 ಞto $5.45.
"The macroeconomic dynamics we are operating in today require us to take a number of strategic actions, such as controlling costs, and leveraging available trade programs," GE Aerospace CEO Larry Culp said. "Based on what we know today, these actions, along with our solid first quarter and commercial services backlog of over $140 billion, enable us to maintain our full-year guidance."
The company said it plans to mitigate the impact of tariffs by "optimizing operations, leveraging existing programs and strategies, taking measures to control cost, and implementing pricing actions."
The company last month announced plans to invest nearly $1 billion in its U.S. factories and supply chain this year, roughly double wh⛄at it spent on them in🍷 2024.
GE Aerospace shares were up 4% at around $185 in recent trading. They have gained more than 10% since the start of the year, despite tumbling 澳洲幸运5官方开奖结果体彩网:earlier this month amid concerns over the impact tariffs could have on all three former 澳洲幸运5官方开奖结果体彩网:General Electric divisions.
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Analysts remain bullish on GE Aerospace a year after it 澳洲幸运5官方开奖结果体彩网:split from GE Vernova (GEV). All 10 brokers tracked by Visible Alpha rate the stock a "buy," with an average price target of $224.90.
Dollar Index Levels to Watch After It Slumped to 3-Year Low
The U.S. dollar index (DXY) rose Tuesday after 澳洲幸运5官方开奖结果体彩网:hitting a three-year low yesterday amid investor concerns❀ about tariffs, the economic outlook and possible threats to Federal Reserve 🌸independence.
President Trump on Monday 澳洲幸运5官方开奖结果体彩网:ramped up his criticisms of Fed Chair Jerome Powell and demanded that the central bank cut rates immediately. The latest comments came after 澳洲幸运5官方开奖结果体彩网:Trump last week said Powell's "termination cannot come fast enough," while White House꧟ economic advisor Keven Hassett said the pr🙈esident is evaluating ways to possibly dismiss Powell.
Investors fear that a move by Trump to remove Powell before the end of the Fed chief's term in May 2026 could 澳洲幸运5🔴官方开奖结果体彩网:undermine confidence in the U.S. dollar and the country’s dominant꧃ role in global financial markets.
After breaking out from a 澳洲幸运5官方开奖结果体彩网:descending triangle last October, the U.S. dollar index rallied for several months but ran into selling pressure as it approached its 2022 high. Since that time, the index has trended sharply lower, recently falling below the pattern’s lower trendline to confirm a 澳洲幸运5官方开奖结果体彩网:bull trap, a trading event that lures investors into buying before the market makes a sudden reversal to cause losses.
However, while the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) confirms bearish momentum, the indicator has moved into oversold territory, increasing the likeliho🐓od of near-term bounces.
Investors should watch crucial support levels on the U.S. dollar index's chart around 95 and 90, while also monitoring key resistance levels near 101 and 107.
The index was at 98.62 this morning, after moving as low as 97.92 on Monday, its lowe😼st level sinc🌺e March 2022.
Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.
Verizon Sinks as Phone Subscriber Losses Exceed Forecasts
Verizon Communications (VZ) stock fell in p꧒remarket trading Tuesday after a wider-than-estimated drop in phone subscribers outweighed first-quarter results that topped analysts' expectations.
Verizon posted adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.19 on opera𓆏ting revenue of $33.49 billion. Analysts polled by Visible Alpha🥂 expected $1.15 and $33.33 billion, respectively.
The company reported retail postpaid phone net loss🍷es of 289,000 subscribers. Analysts were expecting a net loss of about 218,000 subscr♐ibers.
澳洲幸运5官方开奖结果体彩网:Last month, Verizon 澳洲幸运5官方开奖结果体彩网:Chief Revenue Officer Frank Boulben said at a conference that new subscriber figures in the quarter were "probably going to be soft," although he affirmed the company's forecast for wireless service revenue to 澳洲幸运5官方开奖结果体彩网:grow by 2% to 2.8% this year.
Verizon affirmed its full-year guidance, as the telecommunications giant said it "remains confident" in its ability to meet its full-year goals, though the current forecasts do not "reflect any assumptions regarding the potential impacts of the evolving tariff environment."
Verizon shares were down about 5% in recent trading. Through Monday's close, the stock was up more than 7% since the start of 2025.
Major Stock Index Futures Rise
Futures tied to the Dow Jones Industrial Average🥃 were up 0.7%
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S&P 500 futures added 0.7%.
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Nasdaq 100 futures also tacked on 0.7%.
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