Biggest S&P 500 Movers on Monday

Advancers

• Shares of biopharmaceutical firm AbbVie (ABBV) topped the S&P 500 on Monday, jumping 3.4%. In its first-quarter earnings report released on Friday, AbbVie reported 澳洲幸运5官方开奖结果体彩网:better-than-expected sale🐼s and profits. The results were buoyed by strong sales growth for skin treatment Skyrizi and rheumatoid arthritis therapy Rinvoq. The company also boosted its full-year profit guidance but noted that it could see an impact from potential tariffs on the pharmaceutical industry.
• After declining late last week in the wake of 澳洲幸运5官方开奖结果体彩网:lackluster quarterly sales results, shares of fellow pharmaceutical company Gilead Sciences (GILD) staged a comeback on Monday, bouncing 3.1% higher. Although softness in Gilead's COVID-19 and cancer treatments weighed on its performance, higher prices and demand helped drive sales growth for its HIV treatments, while its liver disease portfolio also posted a year-over-year sales gain.
• Weyerhaeuser (WY) shares added 3.1% following the timber and forest product specialist's quarterly earnings release. Sales for the period came in ahead of forecasts, and profits matched expectations. However, both figures declined year over year, weighed down by a decline in export volumes to China.

Decliners

• Shares of Erie Indemnity (ERIE) fell 4.0%, losing the most of any S&P 500 stock. Although the insurance company's first-quarter revenues topped expectations, earnings per share (EPS) came in below forecasts. Increased costs related to customer service, personnel, and spending on information technology affected Erie's profitability during the period.
• Colgate-Palmolive (CL) shares sank 3.1% on Monday. The maker of toothpaste, soap, and other personal care products posted better-than-expected quarterly sales and profit results. However, the company 澳洲幸运5官方开奖结果体彩网:reduced its full-year guidance, citing potential tariff impacts and the uncertain global economic outlook.
• Shares of semiconductor giant Nvidia (NVDA) slipped 2.1% following reports that Chinese rival Huawei Technologies is 澳洲幸运5官方开奖结果体彩网:laying the groundwork to test its own artificial intelligence (AI) chip. According to The Wall Street Journal, Huawei has contacted other Chinese tech companies about evaluating the new chip, which could compete against Nvidia's AI products.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Which Shoe Brands Can Withstand Tariff Stress?

Athletic shoe companies appear to have an advantage over other footwear manufacturers in ཧthe tariff era, according to Citi Resear𓄧ch analysts.

Companies making retail sneakers and hiking boots have relatively limited exposure to China, whose exports currently are subject to a 澳洲幸运5官方开奖结果体彩网:145% import tax, Citi wrote in a research note Monday. The analysts said 澳洲幸运5官方开奖结果体彩网:tariffs on other countries seem “digestible”—assuming that the tax rate remains in the neighborhood of 10%—for many suc𓆏h compani💝es.

Still, Citi lowered its price targets for all the athletic apparel companies—citing weakening economic cond🦂itions—and distinguished between brands wꦓith and without the ability to raise prices.

Here is how they see major 澳洲幸运5官方开奖结果体彩网:footwear companies faring:

• On Holding (ONON), a Swiss company 澳洲幸运5官方开奖结果体彩网:selling running, tennis and hikin🍰g shoes, sources about 90% of its materials in Vietnam, the analysts said. On Holding is also less likely to face a consumer backlash in China than American brands may there, according to Citi, which upgraded its shares to “buy" from “neutral.”
• Amer Sports (AS), the originally Finnish 澳洲幸运5官方开奖结果体彩网:business behind Arc’teryx and Salomon hiking shoes, sources about 20% of U.S. products from China, but should be able to charge customers more for them, the Citi analysts said. They maintained a 澳洲幸运5官方开奖结果体彩网:“buy” rating.
• Deckers Outdoor (DECK), the parent of Hoka and Ugg shoe brands, is “in a solid position to pass-through price to the consumer,” the analysts wrote, maintaining their “buy” rating on the company.
• Lululemon Athletica (LULU), an athletic shoe and attire company, is a Canadian brand, and therefore, should suffer less from anti-American sentiment, the analysts said. But Lululemon may also have 澳洲幸运5官方开奖结果体彩网:a harder time raising prices, according to analysts, who maintained their “neutral” rating.
• Nike (NKE) was struggling with excess inventory 澳洲幸运5官方开奖结果体彩网:before tariffs were announced and its sales may be more vulnerable now that anti-American sentiment is a concern, Citi said. It maintained a “neutral” rating on Nike shares.
• Under Armour (UA, UAA), another U.S. athletic clothing and shoe company, is in the middle of 澳洲幸运5官方开奖结果体彩网:an attempted brand turnaround, and has "limited pricing power," Citi said. Its analysts maintained their “neutral” rating on Under Armour.

-澳洲幸运5官方开奖结果体彩网:Sarina Trangle

Oppenheimer Cuts Amazon Target Price Amid Tariff Concerns

Oppenheimer cut its price target price for Amazon (AMZN) shares by 15%, predicting that tariffs would eat into the profits of the company's 澳洲幸运5官方开奖结果体彩网:e-commerce arm. 

Oppenheimer revised its relatively bullish target price of $260 down to $220—9% below the average estimate among analysts who track Amazon and are polled by Visible Alpha. Still, Oppenheimer analysts issued an “outperform” rating of Amazon stock in a research note Sunday, days before the company is scheduled to release its 澳洲幸运5官方开奖结果体彩网:first-quarter earnings on Thursday.

澳洲幸运5官方开奖结果体彩网:Paying tariffs likely will result in lower profit margins on e-commerce sales as Amazon protects its 澳洲幸运5官方开奖结果体彩网:market share by keeping prices competitive, the analysts said. They expect investors to remain satisfied with mid- to high-teens growth at AWS, Amazon’s cloud computing platform, “even if margins contract mea🐼ningfully” on the e-commerce side of the company, the note said.

Oppenheimer’s target is 16% above where Amazon shares closed Friday. Company shares have fallen nearly 15% over the course of 2025 amid a 澳洲幸运5官方开奖结果体彩网:broad market sell-off  spurred by tarif൩fs. Amazon stock remains about 4% above prices a year ago. At close on Monday, the stock was off less than 1% at $187.7📖0.

Analysts have curbed their estimates for Amazon in recent weeks, citing tariffs’ potential to weigh on e-commerce sales aಞnd advert𝓡ising revenue. 

The company is scheduled to release its first-quarter results after the bell on Thursday. Analysts expect the company to report about $155 billion in revenue, up 8% year-over-year, according to consensus 澳洲幸运5官方开奖结果体彩网:estimates compiled by Visible Alpha. They anticipate $14.7 billion in profit, a 41🐼% jump fr💃om the first quarter in 2024, per Visible Alpha.

-澳洲幸运5官方开奖结果体彩网:Sarina Trangle

Boeing Rises on Double Dose of Good News

Boeing (BA) shares rose Monday after the plane maker got two pieces of good news: Its stock was upgraded by Bernstein analysts, and its deal to reacquire Spirit AeroSystems Holdings (SPR) cleared another hurdle.

Bernstein analysts on Sunday upgraded Boeing stock to "outperform," with a price target of $218, up from $181 previously. That puts Bernstein analysts in line with eight others rating Boeing as a "buy," compared with three "hold" ratings, according to Visible Alpha data. Their new price target is above the $196.10 澳洲幸运5官方开奖结果体彩网:analyst consensus.

The analysts said that after Boeing's 澳洲幸运5官方开奖结果体彩网:latest quarterly report last week, the company is "now making the progress it needed for the growth trajectory we expected" prior to the early 2024 incident in which a door plug 澳洲幸运5官方开奖结果体彩网:detached from a Boeing plane in mid-flight.

"The heavy [Federal Aviation Administration] scrutiny on Boeing operations should insure a much more solid operational process at [Boeing Commercial Airplanes]," the analysts wrote. "Of course, this positive outlook is not without risks. But, we believe the key factors strongly outweigh the risks at this point."

Early Monday, Spirit AeroSystems and Airbus announced an agreement for Airbus to take control of some of Spirit's operations that manufacture parts for Airbus. When Boeing announced plans to reacquire Spirit as part of its strategy to solidify the safety of its 澳洲幸运5官方开奖结果体彩网:supply chain, rival Airbus said in 2024 that it would 澳洲幸运5官方开奖结果体彩网:take control of certain assets so it wasn't relian🌠t on its largest competitor for parts.

Jefferies analysts wrote Monday that the Airbus agreement "opens the way" for Spirit's reintegration with Boeing to close as expected, likely by the third quarter of this year.

Boeing shares rose 2.5% Monday, leading Dow advancers, to close at around $182. The stock stock has gained ground for five consecutive sessions, putting back into 澳洲幸运5官方开奖结果体彩网:positive territory for the last 12 months.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Q1 Earnings Growth Perks Up With a Busy Few Days Ahead

More than a third of S&P 500 companies had reported their latest financial results through Friday, according to a FactSet analysis. This week will be busy, with 澳洲幸运5官方开奖结果体彩网:results expect🧸ed from high-profile companies throughout, especially tomorrow through Thursday. Companies representing more t✃han 40% of the benchmark index's mar⛄ket cap are set to report this week, according to Goldman Sachs.

Meanwhile, a preliminary analysis of the data suggests that first-quarter results came in strong. FactSet’s blended estimate for total S&P 500 earnings—meaning a combination of numbers already reported and Wall Street expectations for those remaining—as of Friday, pointed to year-over-year growth just above 10%. A week earlier, it was 澳洲幸运5官方开奖结果体彩网:closer to 7%. 

Growth of 10.1%, FactSet said, would represent a second straight qu꧅arter of double-digit earnings growth for index companies as a whole, and a seventh consecutive quarter of year-over-year earnings growth. 

Meanwhile, some market watchers expected fewer companies 澳洲幸运5官方开奖结果体彩网:to offer guidance this season. 🍌So far, they seem to have been right, according to a Bank of America analysis that said 16% of companies that reported have 🀅offered outlooks, down from 27% at the same time last year.

This week's schedule is packed with results that will be closely watched. Key results include Coca-Cola (KO) and Pfizer (PFE) on Tuesday; Meta (META) and Microsoft (MSFT) on Wednesday; and Apple (AAPL), Amazon (AMZN) and McDonald’s (MCD) on Thursday. 

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Meta Levels to Watch Ahead of Earnings Wednesday

Meta (META) shares were holding steady Monday as the Facebook and Instagram parent prepares to report first-quarter results after Wednesday’s clo♐sing bell.

Investors will be paying close attention to the social media giant's ad revenue outlook, amid concerns of a broader slowdown in digital advertising spending by Chinese companies as the U.S. and China impose lofty tariffs on one another. Legal and regulatory disputes have 澳洲幸运5官方开奖结果体彩网:nagged Meta, with the E.U. recently 澳洲幸运5官方开奖结果体彩网:fining the tech giant for violating its Digital Markets Act and an 澳洲幸运5官方开奖结果体彩网:antitrust trial getting underway in the U.S.

Coming into the week, Meta shares were down about 7% for so far in 2025, though they have outperformed their 澳洲幸运5官方开奖结果体彩网:Magnificent Seven peers over the period, boosted by the comp🔴any’s significant investment in AI driving advertising growth and user engage♓ment across its suite of apps.

Meta shares have forged two closely aligned troughs during April, potentially setting the stage for a 澳洲幸运5官方开奖结果体彩网:double bottom, a chart pattern that indicates ▨a bullish reversal.

More recently, the stock has undergone a pre-earnings bounce, with the price forming a doji in Friday’s trading session to signal indecision among buyers and sellers. Meanwhile, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) points to neutral conditions, providing a reading around the♕ 50 threshold.

Investors should watch key support levels on Meta's chart around $482 and $452, while also monitoring important resistance levels near $588 and $632.

The stock was down🌠 fractionally at around $547 in mid-af🔯ternoon trading Monday.

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

Nvidia Drops on Report Huawei Developing Rival AI Chip

Nvidia (NVDA) shares led losses on the Dow and 澳洲幸运5官方开奖结果体彩网:S&P 500 Monday afternoon following a report China's Huawei Technologies is preparing to test a rival 澳洲幸运5官方开奖结果体彩网:artificial intelligence  chip.

According to The Wall Street Journal, Huawei "is gearing up to test its newest and most powerful artificial-intelligence processor, which the company hopes could replace some higher-end products" from Nvidia.

Citing people familiar with the matter, the Journal said that "Huawei has approached some Chinese tech companies about testing the technical feasibility of the new chip, called the Ascend 910D."

Shares of Nvidia were down more than 4% in recent trading, and have lost about a fifth of their value since the start of the year. The stock has yet to fully recover from a plunge on Jan. 27 that 澳洲幸运5官方开奖结果体彩网:wiped nearly $600 billion from the company's market cap, after Chinese startup DeepSeek launched AI models that rivaled the capabilities of OpenAI's ChatGPT at a fraction of the cost.

Earlier this month, Nvidia said it is expecting to record 澳洲幸运5ꦫ官方开奖结果体彩网:a $5.5 billion first-quarter charge after the U.S. limited exports of its 澳洲幸运5官方开奖结果体彩网:H20 chips to China

IBM to Invest $150 Billion in U.S. Over Next 5 Tears

International Business Machines (IBM) said Mo🎃nday it plans to invest $150 billion in the U.S. over the next five years, the latest in a string of large companies boosting their presence in the country since President Donald Trump regained the White House.

IBM said its planned outlay includes more than $30 billion in research and development to "advance and continue" making mainframe and quantum computers in the U.S.

"We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicenter of the world's most advanced computing and AI capabilities," IBM CEO Arvind Krishna said. 

Other companies that have announced plans in recent months to increase their U.S. presence as Trump implements tariffs include Apple (AAPL), which said it would spend 澳洲幸运5官方开奖结果体彩网:$500 billion in the country over the next four years; chipmaking giant Taiwan Semiconductor Manufacturing Company (TSM), which said it is planning a 澳洲幸运5官方开奖结果体彩网:$100 billion outlay in U.S.-based manufacturing facilities; and Swiss drugmaker Roche, which said last week it would invest 澳洲幸运5官方开奖结果体彩网:$50 billion over the next five years.

IBM shares were up slightly♕ in early-afternoon trading. The Dow component has gained about 6% since the start of the year, while the blue chip index has lost 6% over that period.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

MGM Stock Rises on Strong BetMGM Results

Shares of MGM Resorts International (MGM) rose Monday morning when the casino and hotel operator reported stron🔜g demand for its BetMGM sports betting and online gaming platform.

The company said BetMGM, jointly owned with Isle of Man-based Entain plc, posted first-quarter revenue of $657 million, 34% higher than a year ago. It was driven by a 68% jump in Online Sports to $194 million and 27% rise to $443 million in iGaming. It added that BetMGM had positive Q1 EBITDA, and "underlying trends reaffirm confidence that ꦬFY 2025 will be EBITDA positive."

BetMGM CEO Adam Greenblatt said that the year "is off to an encouraging start," building on momentum from the second half of 2024 even with "unfavorable sports outcomes during key moments in the quarter." 

BetMGM said that the performance so far in 2025 "provides increased confidence in exceeding guidance, however we remain mindful it is still relatively early in the year." It reaffirmed its outlook that full–year revenue will come in at $2.4 billion to $2.5 billion.

Shares of MGM Resort International🔥, which reports resul🦩ts Wednesday, were up 2% recenetly but are down about 7% for the year. 

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Intel Stock Rises Ahead of Foundry Event

Shares of Intel (INTC) gained ground in early trading Monday, recovering from a decline the previous session sparked by a weak financial outlo🐬ok from the company. The stock’s next catalyst might be just aroundཧ the corner.

Lip-Bu Tan, who presided over the 澳洲幸运5官方开奖结果体彩网:chip company’s quarterly results Thursday for the first time as CEO, will on Tuesday give the keynote address at an event associated with Intel’s Foundry business, which makes chips for other companies. Bank of America analysts in a Friday note said the event could be📖 paired with the announcement of partnerships with other big tech firms.

 Intel has sought to grow the Foundry business; early last year, it 澳洲幸运5官方开奖结果体彩网:spoke of ambitions to be the world’s second-largest foundry behind Taiwan Semiconductor Manufacturing Co. (TSM) by 2030. Its 2024 foundry reve✃nue, however, fell from a year earlier—it came in north of $17 billion, roughly 30% of the company’s total—and its operating loss widened.

This year reports have suggested that Intel might look to sell a stake in the Foundry operation to TSMC; that company, however, 澳洲幸运5官方开奖结果体彩网:has denied talks. Investors were tracking the possibility that a spinoff or sale of Foundry might be in the works well 澳洲幸运5官方开奖结果体彩网:before Tan took over. 

Investors continue to look for signs of dealmaking. Optimism about a range of possibilities, ranging all the way up to a sale ꧃of the entire company, has moved the shares in recent months. 

That could still be the case. But Tan has said cost-cutting is also a priority: On Thursday, while not formally announcing layoff plans 澳洲幸运5官方开奖结果体彩网:reported earlier in the week, he made clear . 

Bank of America analysts, who have a neutral rating for Intel's stock and a $23 price target that is a few cents above the Street consensus compiled by Visible Alpha, said Intel is “too big to turn around quickly, but optionality [is] still there.”

Intel shares were recently up nea🍸rly 4% at just under $21. The stock has lost about a third of its value over the past 12 months.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

S&P 500, Dow Still Down for the Month

Despite gaining ground in two of the last three weeks, the S&P 500 and Dow🌟 Jones Industrial Average are still down in April.

The S&P had lost 1.5% so far this month as of Friday's close, while the Dow was down 4.5% over the period. The Nasdaq Composite entered today's session up 0.5% for the month.

It's been an extraordinarily volatile month for U.S. stocks as investors have reacted to a flurry of headlines on tariffs, starting with the April 2 announcement of wide-ranging import taxes, the subsequent pause on those so-called "reciprocal" tariffs, and conflicting reports in recent weeks on the status of negotiations with various countries, notably China.

The major indexes kicked off the month with their 澳洲幸运5官方开奖结果体彩网:worst week in five years, but have gradually clawed back mos🦩t of those losses.

Watch These Apple Levels Ahead of Earnings Report

Apple (AAPL) s🅠hares are in focus to start the week ahead of the iPhone maker’s highly anticipated fiscal second-q📖uarter results, due after Thursday’s closing bell.

Wall Street will be paying close attention to the tech giant’s guidance for the current quarter in an effort to determine what 澳洲幸运5官方开奖结果体彩网:impact tariffs and potential𝔉 price increa🧜ses have🧜 had on consumer demand f🎃or the company’s devices. 

Investors will also be looking for upda🏅tes on recent reports that Apple intends to produce most of its U.S.-sold iPhones in India by the end of 2026. The company is aiming to mitigate risks related to the Trump administration’s steep import duties imposed on China, a country where Apple reportedly assembles up to 90% of its iPhones.

Apple shares trade 16% lower year to dꦛat📖e as of Friday’s close but have recovered nearly 25% from this month’s low as investors assess the company’s plans to navigate tariff-related challenges.

After staging a dramatic intraday reversal at the 200-week moving average on above-average volume earlier this month, Apple shares hav🎃e continued to gain ground.

However, while the 澳洲幸运5官方开奖结果体彩网:relative strength index has moved upwards ahead, the indic♊ator remains just below the 50 threshold, signaling lackluster price momentum.

Investors should monitor key support levels on Apple's chart around $169 and $157, while also watching crucial resistance levels near $220 and $237.

🍌 The stock 🦂was up 0.4% at around $210 in recent premarket trading.

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 Slightly Lower Open for Major Stock Indexes

Futures tied to the Dow Jones industrial Average were down 🧸0.2%.

S&P 500 futures also slipped 0.2%.

Nasdaq 100 futures were off 0.3%.