Stocks closed higher Tuesday to extend a week-long rally as investors digested a flurry of earnings reports from major companies and awaited more details on President Donald Trump's tariff plans.
The Dow Jones Industrial Average rose 0.8%, or 300 points, while the 澳洲幸运5官方开奖结果体彩网:S&P 500 and tech-heavy 澳洲幸运5官方开奖结果体彩网:Nasdaq Composite each added 0.6%. The S&P 500 and Dow are now riding 澳洲幸运5官方开奖结果体彩网:six-day winning streaks, gaining about 8% and 6%, respectively, o🍌ver that stretch.
Stocks have gotten a boost over the past week from 澳洲幸运5官方开奖结果体彩网:quarterly corporate results that have been generally strong and rising hopes that the Trump administration will 澳洲幸运5官方开奖结果体彩网:soften its stance on tariffs. The White House says it's in ongoing negotiations with various countries, though it remains unclear where things stand on most of those trade talks, while 澳洲幸运5官方开奖结果体彩网:investors worry the impor✱t taxes could spur inflation, stall economic growth an𒊎d hurt companies that do business around the world.
Among the latest companies to report earnings, Dow components Honeywell (HON) and Sherwin-Williams (SHW) each gained about 5% on Tuesday. Pfizer (PFE) and Coca-Cola (KO) rose 3% and nearly 1%, respectively. Regeneron Pharmaceuticals (REGN) dropped nearly 7%, while Spotify (SPOT) retreated 3.5% and United Parcel Service (UPS) fell slightly.
Shares of General Motors (GM) declined 0.6%, after falling as much as 4% early in the session despite a better-than-expected earnings report, as the automaker postponed its guidance andཧ delayed its earnings call by two days amid uncertainty about tariffs. The move came as The Wall Street Journal late Monday reported that the Trump administration was planning to ease the burden of tariffs on the auto industry. The president on Tuesday afternoon 澳洲幸运5官方开奖结果体彩网:issued an executive order reducing import taxes for cars, as well as on parts and materials automaker🌺s bring in from abroad.
Shares of the world's largest technology companies were mixed on Tuesday. EV maker Tesla (TSLA) gained 2% following the tariff policy adjustment for automakers, while Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA) and Meta Platforms (META) were each up less than 1%.
Amazon (AMZN) slipped 0.3%, recovering from an earlier decline of more than 2%, after White House Press Secretary Karoline Leavitt called the company's reported plan to 澳洲幸运5官方开奖结果体彩网:highlight the impact of tariffs in its pricing a "hostile and political act." Amazon later said such a plan "was never approved and is not going to happen." Alphabet (GOOG) and Broadcom (AVGO) also fell slightly.
澳洲幸运5官方开奖结果体彩网:Microsoft and Meta are due to report their quarterly results after the closing bell tomorrow, while Amazon and Apple are scheduled for Thursday afternoon.
The economic data calendar was relatively light today but picks up significantly on Wednesday, with the 澳洲幸运5官方开奖结果体彩网:quarterly GDP report and a 澳洲幸运5官方开奖结果体彩网:key inflation reading slated to be released. The always-important 澳洲幸运5官方开奖结果体彩网:jobs report for April is due at the end of the week. Invest🐽ors are keeping a close eye on all the data points as they ♒look for signs of how the tariffs are affecting the economy.
The yield on the 10-year Treasury, which affects borrowing costs on all sorts of loans, 澳洲幸运5官方开奖结果体彩网:notably mortgages, w🔴as at 4.17%, down from 4.22% at yesterday's close and at its lowest level in three weeks. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, was up 0.2% at 99.20, after hitting aꦿ three-year low below 98 just over a week ago.
Gold futures—which hit a record high early last week of around $3,500 an ounce as investors turned to the traditional safe haven amid concerns about tariffs—fell 0.5% to $3,330. West Texas Intermediate futures, the U.S. ⭕crude oil benchmark, slipped 3.1% to $60.15 per barrel.
Bitcoi🗹n was little changed at $94,600 in late-afternoon trad🥂ing. The digital currency traded within a relatively narrow range of $94,200-$95,500 on Tuesday.
Biggest S&P 500 Movers on Tuesday
Advancers
- SBA Communications (SBAC), a real estate investment trust (REIT) focused on telecommunications infrastructure, posted better-than-expected first-quarter revenue, boosted by strength in its domestic leasing business. The firm also boosted its full-year outlook and announced a new $1.5 billion share repurchase plan, and several analysts lifted their price target on the stock, highlighting an improving growth outlook. Shares of SBAC advanced 6.8%, gaining the most of any S&P 500 stock on Tuesday.
- Shares of computational software provider Cadence Design Systems (CDNS) climbed 5.8% following quarterly profit results that exceeded analysts' forecasts. Cadence also lifted its full-year sales and profit guidance, anticipating robust demand from semiconductor firms for its chip design products as the proliferation of artificial intelligence (AI) technologies heats up. However, questions remain about the impact of tariffs on the company's business in China.
- Zebra Technologies (ZBRA), which makes barcode scanners and other devices designed to help businesses track their inventory, beat top- and bottom-line forecasts with its first-quarter result. Shares of Zebra Technologies were up 5.2% on Tuesday.
- Sherwin-Williams (SHW) shares jumped 4.8% after the paint and coatings manufacturer 澳洲幸运5官方开奖结果体🔥彩网:topped earnings per share (EPS) estimates for the first quarter of 2025. Although revenue for the period fell short of expectations, pricing strength in the Paint Store Group, gross margin expansion, and successful cost-control measures helped drive profitability.
Decliners
- Although NXP Semiconductors (NXPI) beat first-quarter sales and profit expectations, the company announced that its CEO would step down at the end of the year. The provider of chips for the automotive market and other industries also pointed to an uncertain environment given potential tariff impacts. NXP shares dropped 6.9% on Tuesday, suffering the heaviest losses in the S&P 500.
- Regeneron Pharmaceuticals (REGN) shares also tumbled 6.9% after the biotech firm's 澳洲幸运5官方开奖结果体彩网:quarterly sa𝔍les fell shy of estimates. Softness in revenue from Eylea, Regeneron's treatment for a variety of eye conditions, underpinned the company's overall sales miss.
- Insurance brokerage Brown & Brown (BRO) missed expectations for organic revenue growth, and its shares slipped 6.0%. However, the risk management specialist's adjusted profits came in ahead of consensus forecasts, boosted by gains in fees and commissions income.
Starbucks Slides in Extended Trading as Results Miss
Starbucks (SBUX) reported fis🌱cal second-quarter revenue and earnings that missed analysts’ expectations, ꦦsending shares lower in extended trading Tuesday.
The coffee giant reported revenue of $8.76 billion, up 2% year-over-year but just below the analyst consensus from Visible Alpha. Starbucks' adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share of 41 cents fell from 68 cents a year earlier and failed to meet Wa༒ll Street’s projections.
Global same-store sales fell 1%, a slightly sharper drop than the 0.5% decline analysts expected, which the company attributed to declining transactཧion volumes, partially offset by higher spending pe♏r ticket.
The results reflect the second full quarter under CEO Brian Niccol, whose 澳洲幸运5官方开奖结果体彩网:“Back to Starbucks” turnaround plan has included 澳洲幸运5官方开奖结果体彩网:revamping the chain's cafes in a bid to make them more welcoming, prioritizing getting customers their orders 澳洲幸运5官方开奖结果体彩网:within four minutes, and restoring its condiment bar.
“Improving transaction comp in a tough consumer environment at our scale is a testament to the power of our brand and partners getting 'Back to Starbucks.' We are on track and if anything, I see more opportunity than I imagined,” Niccol said.
Starbucks shares were down more than 6% in after-hours 𓆉trading. The stock has lost 7% so far in 2025 through Tueꦜsday’s close.
Supermicro Plunges After Hours on Weak Preliminary Results
Super Micro Computer (SMCI) shares plunged in extended trading Tuesday after the company published prelim♈inary quarterly results belowﷺ its prior forecast.
The server maker and Nvidia (NVDA) partner said it now expects fiscal third-quarter revenue, for period ended March 31, of $4.5 billion to $4.6 billion, well below its previous estimate of $5 billion to $6 billion. It estimated adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share&♔nbsp;of 29 cents to 31 cents, dow⛎n from 46 cents to 62 cents previously.
The weaker-than-forecast numbers come after delayed consumer produ💝ct decisions pushed sales into Supermicro’s fis🔯cal fourth quarter, the company said.
Shares of the beleaguered server maker tumbled more than 15% in after-hours trading. The s🐟tock was up 18% f✨or 2025 through Tuesday’s close.
Supermicro shares have seen significant volatility this year as concerns about the company's accounting practices and delayed filings raised worries it could be delisted from the Nasdaq. The company ultimately 澳洲幸运5官方开奖结果体彩网:met the exchange’s deadline to file its delayed reports in February, but still faces challenges, including uncertainty around the 澳洲幸运5官方开奖结果体彩网:impact of tariffs.
Stocks Slumped in Trump's First 100 Days
The stock market hasn’t𒉰 had a worse 𒆙first 100 days of a presidency in half a century.
The S&P 500 fell more than 7% in the 100 calendar days—69 trading days, to be precise—since Trump’s inauguration on Jan. 20, which concluded Tuesday. That’s the worst post-inauguration performance for the index since Gerald Ford took office in August 1974, when stocks declined more than 11% after Nixon resigned amid a 澳洲幸运5官方开奖结果体彩网:stagflation recession.
澳洲幸运5官方开奖结果体彩网:A president’s impact on the economy and the stock market isn’t always felt within their first 100 days in office—if it’s felt during their administration at all. But Trump has so far turned the U.S. and global economies on their heads, raising 澳洲幸运5官方开奖结果体彩网:U.S. tariffs to their highest level in about a century and threatening the independence of the Federal Reserve, contributing to upheaval in financial markets worldwide. Consumer confidence 澳洲幸运5官方开奖结果体彩网:has plummeted, recession risks have risen, and business leaders are navigating a thick fog of uncertaiꦺnty.
Trump entered the White House with the stock market sailing, buoyed by hopes for corporate tax cuts, deregulation, and a flurry of mergers and acquisitions. Stocks hit a record high days after Trump's inauguration and hovered there for about a month before signs of 澳洲幸运5官方开奖结果体彩网:cratering consumer sentiment set off alarm bells on Wall Street. The stock market has since suffered its 澳洲幸运5官方开奖结果体彩网:worst rout in decades—and one of its 澳洲幸运5官方开奖结果体彩网:biggest rallies in de🉐cades—as the president has continued to ratchet up the uncertainty.
The chaos has been more than some of the president's supporters bargained for. Executives who welcomed Trump's re-election, expecting four years of business and shareholder-friendly policies, have pushed back against the president's tariffs. Optimism among small business owners 澳洲幸运5官方开奖结果体彩网:has waned. And some of Trump's most vocal backers on Wall Street, frustrated with the president's tariffs, have 澳洲幸运5官方开奖结果体彩网:criticized the administration on social media.
Two Key Economic Indicators Are Coming Early Wednesday
While investors remain focused on earnings and every twist and turn on tariffs, a couple of closely watched economic indicators will grab attention beforeﷺ the stock market opens tomorrow morning.
A report on first-quarter Gross Domestic Product is due at 8:30 a.m. ET, as is the Federal Reserve's preferred measure of inflation.
The GDP report is likely to show that the key measure of the country's economic output rose at an annual rate of just 0.4% in the first quarter, according to the median forecast from a survey of economists conducted by the Wall Street Journal and Dow Jones Newswires. That would be down from 2.4% in the last quarter of 2024 and the slowest growth since 2022.
Economists said the sharp slowdown in growth will likely reflect the impact of a surge of imports: People 澳洲幸运5官方开奖结果体彩网:raced to buy things from overseas before President Donald Trump's tariffs took effect, and 澳洲幸运5官方开奖结果体彩网:imports subtract from the GDP. Some forecasters think the drop will be even more drastic than ♏t🎃he consensus and expect the economy to shrink for the first time since 2022.
On the inflation front, the Personal Consumption Expendit♛ure♊s report on Wednesday. is expected to show that the cost of living stayed flat in March after rising 0.3% in February, according to the consensus view of economists.
The inflation slowdown is expected to echo a similar trend 澳洲幸运5官方开奖结果体彩网:in the Consumer Price Index data released earlie🦄🤪r this month. In that inflation measure, a drop in gas prices dragged down overall inflation.
Market participants are watching economic indicators closely as they assess the impact of Trump administration policies and try to ascertain how the data could affect the Fed's decision-making on interest rates.
Watch These Boeing Levels as 5-Day Win Streak Snapped
Boeing (BA) shares closed slightly lower on Tuesday to put an end to a five-day winning streak during which the💦 🎶stock gained 14%.
The stock got a boost to start the week after analysts at Berstein 澳洲幸运5官方开奖结果体彩网:upgraded the stock, pointing out that the jet maker’s 澳洲幸运5官方开奖结果体彩网:narrower-than-expected first qu😼art🐎er loss posted last week indicates a turnaround toward growth. In ✃addition, Spirit AeroSystems Holdings and Boeing rival Airbus agreed to a deal Monday, clearing the way for Boeing to reacquire the supplier as it works to improve its manufacturing quality.
Boeing shares have gained 5% since the start of the year, after a turbulent 2024 that saw the stock lose a third of its value as a string of production mishaps and a crippling 澳洲幸运5官方开奖结果体彩网:machinists strike weighed on investor sentiment.
Since forming a bullish 澳洲幸运5官方开奖结果体彩网:piercing pattern earlier this month, Boeing shares have continued to move higher, potentially forming a 澳洲幸运5官方开奖结果体彩网:double bottom in the process.
It’s also worth noting that while this month’s low made a lower low, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) made a comparatively shallower trough to create a 澳洲幸运5官方开奖结果体彩网:bullish divergence, a technical occurrence🌌 pointing to weakening selling pressure.
Investors should watch overhead areas on Boeing's chart around $187 and $215, while also tracking important support levels near $140 and $121.
Boeing shares fell 0.2% to $182 on Tuesday.
Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.
Regeneron Drops as Eylea Q1 Sales Trail Estimates
Regeneron Pharmaceuticals (REGN) shares fell sharply Tu🍃esday after the biotech firm reported first-quarter sales—especially those of its key Eylea eye dꦜisease drug—that missed analysts' estimates by a wide margin.
Eylea is used to treat diseases such as neovascular, or "wet," age-related macular degeneration, macular edema, and diabetic retino💛pathy.
The company said total Eylea sales in the U.S. were $1.04 billion, well below the $1.16 billion consensus estimate of analysts polled by Visible Alpha. Its total revenue also trailed est🐎imates, falling 4% year-over-year at $3.03 billion versus expectations of $3.23 billion.
Regeneron's adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share of $8.22 beat projections by a penny.
Regeneron is among the slew of large American companies that have announced plans to 澳洲幸运5官方开奖结果体彩网:boost their U.S. production since President Donald Trump returned to office. The Tarrytown, N.Y.-based firm said Tuesday that the deal it annoꦰunce𒁃d last week to make and supply its commercial bulk drug product at the North Carolina campus of Japan's Fujifilm is "anticipated to nearly double the Company's large-scale manufacturing capacity in the United States."
Regeneron shares were down nearly 8% in afternoon trading, leading S&P 500 and Nasdaq Composite decliners. The stock has lost about a fi🍌fth of their value so 🎃far this year.
Starbucks Set to Report Earnings, In Test of Turnaround
Starbucks (SBUX) is 🍨slated to✃ report fiscal second-quarter results after the bell Tuesday, marking the coffee chain's third report under CEO Brian Niccol, who took over the role in September.
Niccol’s 澳洲幸运5官方开奖结果体彩网:“Back to Starbucks” turnaround campaign has involved a whirlwind of changes, from the aesthetic (baristas are once again writing names on coffee cups with Sharpies) to the practical (the condiment bar has returned and Niccol has put an emphasis on getting orders filled within four minutes). In February, Starbucks said it would lay off 澳洲幸运5官方开奖结果体彩网:1,100 corporate employees to create “smaller, more nimble teams.”
Analysts expect Starbucks to report year-over-year revenue growth for the first time in more than a year, with a consensus forecast of $8.81 billiꦰon, up 3% from a year ago, according to Visible Alpha. Still, net income is projected to decline nearly 30% to $550.75 million, or 48 cents per share.
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Shares of Starbucks have wavered between gains and losses on Tuesday. The stock has lost about 8% since the start of the year, slightly underperforming the 澳洲幸运5官方开奖结果体彩网:S&P 500.
Investors will likely be watching closely how Starbucks addresses the current 澳洲幸运5官方开奖结果体彩网:tariff environment. Several companies have 澳洲幸运5官方开奖结果体彩网:pulled their outlooks in recent weeks amid economic uncertainty, and suggested they could 澳洲幸运5官方开奖结果体彩网:raise prices in response to import taxes
Hims & Hers Stock Surges on Wegovy Deal
Shares of online health platform Hims & Hers Health (HIMS) soared Tuesday afternoon after the company announced a partnership with Novo Nordisk (NVO) to bring weight-losᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚs drug🦄 Wegovy to its customers.
The companies said in a Tuesday statement that users will be able to buy a "bundled offering of all dose strengths of Wegovy® and a Hims & Hers membership" starting this week for $599 or more.
Hims & Hers had benefitted from selling compounded versions of popular weight-loss drugs when they were in a supply shortage, but the The Food and Drug Administration announced 澳洲幸运5官方开奖结果体彩网:in February that Novo Nordisk's Ozempic and Wegovy are no longer in a shortage. The FDA said it would give drug compounders until mid May before taking enforcement actions to prevent them from 澳洲幸运5官方开奖结果体彩网:selling compounded versions of the medications.
澳洲幸运5官方开奖结果体彩网:Earlier this month, Hims & Hers said it would add branded tirzepatide, the active ingredient for Mounjaro and Zepbound, to its platform. Eli Lilly said on the same day that it "has no affiliation"༺ with Hims & Hers, and that Zepbound "can be prescribed by any licensed healthcare professional.♏"
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Hims & Hers shares were up 27% in mid-afternoon trading. With Tuesday's gains, Hims & Hers shares have nearly tripled in value over the past 12 months. The telehealth provider is set to report first-quarter results next Monday.
Spotify Tumbles as Q1 Results Disappoint
Spotify (SPOT) shares sank Tu💝esday after the Swedish audio streaming giant posted first-quarter profit that badly undershot estimates.
The company posted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 1.07 euros ($1.22) on revenue that rose 15% year-over-year to 4.19 billion euros ($4.77 billion). Analysts polled by Visible Alpha had projected EPS of 2.13 euros, while Spotify 澳洲幸运5官方开奖结果体彩网:last quarter said it exp💞ected Q1 revenue of 4.2 bi🌜llion euros.
澳洲幸运5官方开奖结果体彩网:Monthly active users climbed 10% to 678 🎉million and premium subscriber👍s increased 12% to 268 million. Last quarter, Spotify guided for 678 million and 265 million, respectively.
For the second quarter, Spotify said it expects 689 milꦇlion MAUs and 273 million premium subscribers.
"The underlying data at the moment is very healthy: engagement remains high, retention is strong, and thanks to our freemium model, people have the flexibility to stay with us even when things feel more uncertain," Spotify CEO Daniel Ek said. "So yes, the short term may bring some noise, but we remain confident in the long-term story, and the direction we're heading in feels clearer than ever."
Spotify shares were down about 4% in recent trading, after falling nཧearly 10%▨ this morning. The stock is still up about 28% so far in 2025.
According to Deutsche Bank analysts in a note last week, Spotify's "ad-supported revenue is more exposed to digital advertising budget cuts, and the weakening dollar is an FX headwind to revenue, though less so for profitability given its costs skew toward USD.
Sherwin-Williams Rises as Earnings Top Expectations
Sherwin-Williams (SHW) shares jumped after the maker of paints anဣd other industrial prod𓂃ucts exceeded profit estimates on high prices and reduced expenses.
The company posted first-quaꦿrter adjusted earnings per share (EPS) of $2.25 on revenue that declined 1% year-over-year to $5.31 billion. Analysts surveyed by Visible Alpha expected $2.16 and $5.39 billion, respectively.
Sherwin-Williams credited the strong profit to "higher selling prices in the Paint Stores Group and effective cost control." Sales at the Paint Stores Group rose 2% to $2.94 billion. Consumer Brands Group sales fell 6% to $762.2 million, and they dropped nearly 5% to $1.60 billion at the Performance Coatings Group.
"In a demand environment that remained choppy as we anticipated, Sherwin-Williams continued to execute our strategy and delivered solid first quarter results driven by 澳洲幸运5官方开奖结果体彩网:gross margin expansion and good cost control," CEO ♚Heidi Petz said.
The company antic💦ipates full-year adjusted EPS in the range of $11.65 to $12.05, with the midpoint matching the Visible Alpꦦha outlook of $11.85.
The news sent shares of 🎐Sherwin-Williams, a Dow component, up 5% and intཧo positive territory for the year
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Honeywell Jumps on Strong Results, Plans to Counter Tariffs
Honeywell International (HON) shares advanced Tuesday as the diversified technology and manufacturing conglomerate ꦕposted better-than-expected results and raised the low end of its profit outlook as it announced plans to offset the potent💖ial impact of tariffs.
Honeywell reported first-quarter adjusted earnings per share of $2.51 on revenu♏e that rose 8% year-over-year to $9.82 billion. Analysts surveyed by Vis♛ible Alpha expected $2.19 and $9.59 billion, respectively.
The gains were driven by a 🅰9% sales increase at the company’s Aerospace🌠 Technologies unit, and an 8% sales rise at its Building Automation division. Sales fell at its Industrial Automation and Energy and Sustainability Solutions segments.
CEO Vimal Kapur said despite what he called "the volatile macroeconomic backdrop," Honeywell's 澳洲幸运5官方开奖结果体彩网:segment margin was consistent with l🧜ast year. Kapur added that although the company hasn't seen it in its performance yet, it faces "an uncertಌain global demand environment for the remainder of 2025, and our company will work tirelessly, leveraging all tools available to us, to deliver for customers and shareholders."
To that end, the company intends to take a "multi-pronged approach to balance defending margins and protecting volumes." Those steps include targeted price actions, finding alternative supply lines, and accelerating use of 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) in engineering.
Honeywell now sees full-year adjusted EPS of $10.20 to $10.50, compared to its previous outlook of $10.10 to $10.50. Kapur also noted that the company was "even more confident" about the benefits of its planned split into three separate firms that was 澳洲幸运5官方开奖结果体彩网:announced in February.
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Shares of Honeywe♕ll, a Dow component, were up more than 5% in recent trading. Even with the gain this morning🌺, the stock is down about 6% so far in 2025.
White House Calls Out Amazon Plan to Highlight Tariff Impact
The White House on Tuesday called plans to show users how tariffs impact prices on Amazon (AMZN) a "hostile and political act."
Press Secretary Karoline Leavitt knocked Amazon's plans during a press conference Tuesday. Amazon will soon show how much of a good's price is attributed to tariffs next to the total price, Punchbowl News reported Tuesday.
The e-commerce giant is reportedl💦y making the move to avoid being blamed for higher prices, the outlet said.
"This is a hostile and political act by Amazon," Leavitt said. "Why didn't Amazon do this when the Biden Administration hiked inflation to the highest level in 40 years?"
Amazon didn't immediately respond to Investopedia's request for comment.
Amazon shares were down about 1% recently, after falling more than 2% in the opening minutes of trading Tuesday.
Watch These Nvidia Levels After News of Huawei AI Chip
Nvidia (NVDA) shares inched higher in early trading after snapping a four-day winning streak yesterday following news that China's 澳洲幸运5官方开奖结果体彩网:Huawei Technologiesও is developing a rival AI chip.
The Wall Street Journal reported Monday that the Chinese company hopes the new chip could replace some of Nvidia’s high per༒formance products, adding that it has approached several Chinese tech companies about testing the꧂ technical feasibility of the chip.
Coming into Tuesday's session, Nvidia shares are up about 25% from their early-April low but have lost around a fifth of their value since the start of the year. In recent months the AI favorite's stock has come under pressure due to concerns over significantly 澳洲幸运5官方开奖结果体彩网:c🌳heaper AI technology coming♌ out of China and a federal cr🍃ackdown on the export o🎉f the company’s popular H20 chips to China.
Nvidia shares have oscillated within a 澳洲幸运5官方开奖结果体彩网:falling wedge after a 澳洲幸运5官方开奖结果体彩网:bear trap emerged on the chart earlier this month, a trading event that lures investors to sell upon a breach of major support—the pattern’s lower trendline in this case—before the price makesꦕ a sudden move higher.
More recently, the price has pushed up against the pattern’s upper trendline, potentially paving the way for a bullish breakout. Meanwhile, the 澳洲幸运5官方开奖结果体彩网:relative strength index has crossed back above the 50 threshold, indicating improving pri✅ce momentum.
Investors should watch key overhead areas on Nvidia's chart around $115 and $130, while also monitoring crucial support levels near $96 and $87.
Nvidia shares were recently up 0.2%👍 at around $109.
Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.
GM Tops Q1 Estimates, Postpones Earnings Call, Guidance
General Motors (GM) on Tuesday🌄 reported better first-quarter results than analysts had expected, but postponed its earnings call by two days amid uncertainty about auto tariffs.
The Chevrolet and Cadillac maker recorded adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.78 on revenue 🍎that increased 2.3% year-over-year to $44.02 billion. Analysts had expected $2.70 and $42.85 billion, respecti♛vely.
GM also postponed updating its full-year guidance and its earnings call until Thursday, citing "recent reports regarding updates to trade policy." 澳洲幸运5官方开奖结果体彩网:Last quarter, the company said it expected both EPS aꩵnd adjusted EPS to come in between $11 and $12 this year, which assumed a "stable policy environment in North America."
The automaker likely was referencing a Monday night report from The Wall Street Journal that said the Trump administration likely would announce changes to its tariffs on the automobile industry as early as Tuesday. According to the report, automakers wouldn't have to pay other tariffs like those on steel and aluminum on top of the existing auto duties, and the tax on imported auto parts likely would be modified.
Analysts have said consumers might be "澳洲幸运5官方开奖结果体彩网:panic buying" automobiles to get ahead of the impact of tariffs, which experts say could drive prices of cars, parts, and 澳洲幸运5官方开奖结果体彩网:even car insurance higher in the coming months. GM 澳洲幸运5官方开奖结果体彩网:earlier this month said it had its best first quarter of sale🎃s since in seven years, with growth across all of its veܫhicle brands.
Shares were down 1.5% in recent pre-market trrading. They entered ꧃the day down just over 10% since the start of the year.
Major Stock Index Futures Mixed
Futures tied to the Dow Jones Industᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚrial Average were up 0.4%.
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S&P 500 futures were off 0.1%.
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Nasdaq 100 futures slipped 0.2%.
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