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Markets Surge as Trump Calms Fed Fears; Tesla, Boeing, Supermicro Lead Stock Gains

Wednesday, April 23, 2025 / No Comments

U.S. equities rallied sharply midday Wednesday following market-soothing remarks from former President Donald Trump, who stated he has "no intention" of removing Federal Reserve Chair Jerome Powell. His comments also hinted at a potential softening in the ongoing trade tensions with China, fueling investor optimism.

The Nasdaq Composite surged 2.8%, the S&P 500 gained 1.9%, and the Dow Jones Industrial Average climbed 1.5%, as heavyweight tech and industrial names led the charge.

Among the biggest gainers, Tesla (TSLA) soared after CEO Elon Musk assured investors of a renewed personal focus on the EV maker, helping to offset disappointment over weaker-than-expected quarterly results.

Boeing (BA) also rallied, with shares jumping as the aerospace giant posted a narrower-than-expected adjusted loss in the first quarter.

Super Micro Computer (SMCI) saw strong momentum, continuing its rise amid elevated demand for server infrastructure and AI-related hardware.

GE Vernova (GEV) climbed after reporting quarterly earnings that topped analysts’ expectations, adding to broader gains across the industrial sector.

Meanwhile, AT&T (T) advanced after the telecom firm delivered stronger-than-forecast subscriber growth and revenue in Q1.

However, it wasn’t all upside. Enphase Energy (ENPH) plunged, becoming the session’s worst performer on the S&P 500, after missing quarterly revenue targets and cautioning that tariffs on Chinese imports could compress its margins.

Baker Hughes (BKR) retreated following underwhelming revenue results and a cautious tone from CEO Lorenzo Simonelli, who flagged ongoing macroeconomic and trade policy uncertainties.

Bristol Myers Squibb (BMY) shares also dropped after its schizophrenia treatment Cobenfy failed to meet efficacy benchmarks in a late-stage trial.

Top Stock Movers Now

Monday, April 21, 2025 / No Comments

U.S. stocks plunged midday Monday following fresh criticism from former President Donald Trump aimed at Federal Reserve Chair Jerome Powell, while investors were left waiting for updates on trade policy. The Dow, S&P 500, and Nasdaq each fell more than 2.7%, deepening the market’s recent slump.

Big Names Under Pressure

Tesla (TSLA) shares tumbled after Dan Ives, a prominent Tesla bull at Wedbush, warned of a “code red situation” at the electric vehicle giant. Ives cautioned that CEO Elon Musk must step back from his role in the Trump administration and refocus on Tesla operations to steer the company forward.

Nvidia (NVDA) continued its downward spiral on concerns that potential tariffs from the Trump camp on Chinese imports could significantly hurt the chipmaker’s AI-related revenues.

Salesforce (CRM) also declined after DA Davidson downgraded the stock, citing fears the software firm is overly prioritizing AI ventures at the expense of its core cloud business.

M&A Action Boosts Capital One, Discover

In deal news, Capital One (COF) and Discover Financial Services (DFS) both gained after U.S. banking regulators approved Capital One’s $35.3 billion acquisition of Discover, clearing a major hurdle for the merger.

Elsewhere, Fidelity National Information Services (FIS) saw its stock rise after the company struck an asset swap agreement with Global Payments (GPN). Under the deal, FIS will acquire Global’s issuer business while selling off its Worldpay merchant services unit. Global Payments shares fell in response.

Netflix Rallies, Commodities Mixed

Netflix (NFLX) surged as analysts boosted their price targets in response to the streaming platform’s robust earnings performance.

In commodities, gold prices surged to an all-time high, while oil futures slipped. The U.S. dollar weakened against major peers including the euro, pound, and yen. Meanwhile, most cryptocurrencies traded higher, continuing a recent rally in digital assets.

Top Stock Movers Now:ASML Holding ,Abbott Laboratories and more

Wednesday, April 16, 2025 / No Comments

Abbott Laboratories building illustration

Wall Street turned lower midday Wednesday, weighed down by a sharp selloff in semiconductor stocks and renewed geopolitical jitters. The Nasdaq dropped 1.9%, the S&P 500 fell 1%, and the Dow Jones Industrial Average eased 0.3%.

Semiconductors Take a Hit

The tech sector was under pressure following fresh U.S. government restrictions on chip exports to China. Shares of Nvidia (NVDA) and AMD (AMD) dropped after the companies signaled potential financial charges stemming from the new export curbs imposed by the Trump administration. Broadcom (AVGO) also declined in sympathy.

Adding to the woes, ASML Holding (ASML) shares slumped after the Dutch semiconductor equipment maker missed earnings expectations and issued a muted forecast.

Winners in Healthcare and Travel

In contrast, Abbott Laboratories (ABT) gained ground after beating Wall Street estimates in its latest earnings report, buoyed by solid sales of diagnostics and medical devices.

United Airlines (UAL) rallied as well, reporting a return to profitability in Q1 on record-setting revenue, signaling robust demand in the travel sector.

Miners Shine as Gold Hits Record

Gold miners including Newmont (NEM) and Gold Fields (GFI) surged as bullion prices hit a new all-time high. Investors piled into the safe haven amid mounting concerns over economic uncertainty and global trade tensions.

Other Movers

Lyft (LYFT) advanced after Oppenheimer initiated coverage with an “outperform” rating, boosting sentiment around the ride-hailing company.
Crude oil prices edged higher, while Treasury yields moved slightly lower.
The U.S. dollar weakened against major currencies including the euro, yen, and pound.
Bitcoin advanced, but many altcoins traded in the red.

Top Stock Movers: General Motors, Netflix, Albertsons, and More

Tuesday, April 15, 2025 / No Comments

U.S. stocks posted modest midday gains Tuesday, with investors parsing another round of earnings from Wall Street’s biggest lenders. The Dow Jones Industrial Average, S&P 500, and Nasdaq all edged higher, each adding less than 0.5%.

Shares of Bank of America (BAC) and Citigroup (C) led financials higher after both banks reported stronger-than-expected results for the first quarter, continuing the upbeat earnings momentum from the sector.

Netflix (NFLX) also climbed following a report from The Wall Street Journal detailing the company’s ambitious growth plans, including a potential doubling of revenue by 2030, discussed during a recent business review meeting.

In contrast, Albertsons (ACI) tumbled sharply after issuing a disappointing profit forecast for fiscal 2025, shaking investor confidence in the grocer’s near-term outlook.

Hewlett Packard Enterprise (HPE) surged after CNBC reported that activist investor Elliott Investment Management had amassed a stake worth over $1.5 billion in the company, sparking speculation of potential strategic moves.

Among automakers, General Motors (GM) and Ford (F) slipped after Monday gains. The prior rally was driven by former President Donald Trump’s comments expressing support for domestic auto manufacturers, saying they need “a little more time” to relocate production to the U.S.

Shares of Allegro MicroSystems (ALGM) nosedived after ON Semiconductor (ON) withdrew its acquisition offer for the chip component maker, sending the stock into retreat.

In commodities and currency markets, crude oil futures and the 10-year Treasury yield both declined, while the U.S. dollar gained against the euro and yen, but slipped versus the British pound. Cryptocurrency prices were mixed, with Bitcoin ticking slightly higher.

Top Stock Movers: Nike, US Steel, Dollar Tree, and More

Monday, April 7, 2025 / 1 Comment

U.S. equity markets extended last week’s losses into Monday as escalating tariff tensions under the Trump administration weighed on investor sentiment. The Dow Jones Industrial Average, S&P 500, and Nasdaq were all in negative territory by midday.

Tesla (TSLA) shares led the decline, falling sharply after Wedbush slashed its price target from $550 to $315, citing persistent macroeconomic pressures.

Nike (NKE) also slipped, as investors grew concerned about rising costs tied to tariffs on manufacturing operations across Asia.

Financials came under pressure, with Goldman Sachs (GS) downgraded by Morgan Stanley due to heightened recession risks and deteriorating investment banking conditions.

On the upside, Dollar Tree (DLTR) surged after Citi upgraded the retailer to a “buy,” noting its pricing power amid the shifting economic landscape. Meanwhile, U.S. Steel (X) rallied following news that the Trump administration will conduct a fresh review of its merger with Nippon Steel.

Mesa Air Group (MESA) soared after announcing an all-stock merger with Republic Airways.

In commodities, oil and gold futures retreated. The 10-year Treasury yield ticked higher, while the U.S. dollar strengthened against the euro and yen but lost ground to the pound. Major cryptocurrencies also traded lower.

Stock Market Update: Boeing, Tesla, DuPont, and More in Focus

Friday, April 4, 2025 / No Comments

In a turbulent trading session, U.S. equities took a hit as fears of a trade war intensified. China’s retaliation against U.S. tariffs triggered a sell-off, with major indices plunging for the second consecutive session. The S&P 500 and Nasdaq both fell by around 4%, while the Dow Jones Industrial Average dropped roughly 3.5%.

Boeing (BA) led the Dow’s decline, suffering from its significant exposure to Chinese markets. The aviation giant's shares fell sharply as China imposed retaliatory tariffs on U.S. goods.

The energy sector also faced setbacks as oil prices dropped in response to the escalating trade tensions. Oil stocks like Chevron (CVX) and APA Corporation (APA) saw significant losses.

Meanwhile, DuPont (DD) found itself under pressure after Chinese regulators announced an antitrust investigation into the chemicals giant, leading to a decline in its share value.

Tesla (TSLA) also faced headwinds after JPMorgan cut its profit outlook, citing weaker-than-expected deliveries and concerns over brand perception. The stock fell as a result.

Amid the turbulence, homebuilder stocks like D.R. Horton (DHI) bucked the trend, gaining ground as recession fears pushed interest rates lower. The yield on the 10-year Treasury dipped below 4%, benefiting the housing sector.

Nike (NKE) managed to recover some of its previous losses, becoming the Dow's top performer, as the impact of Vietnam-related tariffs eased.

Elsewhere in the markets, gold prices fell, the U.S. dollar strengthened against the euro and pound, but weakened against the yen. Most cryptocurrencies, on the other hand, traded higher, offering some respite amid the broader market downturn.

Top Stock Movers Now: Apple, Target, Lamb Weston, and More

Thursday, April 3, 2025 / No Comments

U.S. equities are experiencing significant declines at midday, primarily driven by the Trump administration’s newly announced reciprocal tariffs. The Dow Jones Industrial Average, S&P 500, and Nasdaq are all in the red, with major stocks feeling the brunt of the impact.

Apple (AAPL) led the downturn, sinking after President Trump imposed a 34% import tax on China, adding to previously announced levies. Apple, which manufactures approximately 90% of its hardware in China, is notably vulnerable to these tariffs.

Retailers, including Target (TGT), also saw their shares tumble as concerns mount that the increased tariffs could squeeze profit margins unless prices are raised across the board. Acuity (AYI) shares also dropped after its second-quarter revenue and profits fell short of analysts' expectations.

On the other hand, Lamb Weston (LW) emerged as one of the few bright spots in the market, with the frozen potato company exceeding quarterly earnings estimates. Similarly, grocery chain Kroger (KR) saw its stock rise, benefiting from a surge in consumer staples investments.

Meanwhile, global markets reacted to the tariffs with oil futures falling, the 10-year Treasury yield dropping, and gold futures experiencing a decline. The U.S. dollar weakened against the euro, pound, and yen, while major cryptocurrencies also saw declines.

Top Stock Movers Now: TKO Group , DoorDash, BlackBerry, and More

Wednesday, April 2, 2025 / No Comments

At midday, U.S. stocks edged higher, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all posting gains. Investors are closely watching for an expected tariff announcement from President Donald Trump.

DoorDash (DASH) shares surged after forming a strategic partnership with Domino’s Pizza (DPZ), effectively ending Uber Eats' exclusivity with the pizza chain. Shares of Uber Technologies (UBER) also ticked up.

Tesla (TSLA) shares rebounded, climbing higher after a report from Politico suggested Elon Musk might soon step down from his DOGE role, despite weaker-than-expected Q1 deliveries.

TKO Group (TKO) saw gains as Meta Platforms (META) agreed to become a technology partner with its UFC division.

Meanwhile, BlackBerry (BB) shares plunged after the company released disappointing revenue forecasts, falling short of analysts' estimates.

Newly public Newsmax (NMAX) shares also fell sharply, continuing a volatile trading week. Trump Media & Technology Group (DJT) shares dipped after the company revealed that insider shareholders might sell their stock.

Elsewhere, oil and gold futures inched higher, while the 10-year Treasury yield remained mostly unchanged. The U.S. dollar weakened against the euro and pound but strengthened versus the yen. In the crypto market, Bitcoin rose while Ethereum saw a slight decline.

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