The major stock indexes fell slightly in muted trading on Tuesday as a level of calm settled over markets dܫespite s⛎till-simmering trade tensions with China.
The Dow Jones Industrial Average fell 0.4% on Tuesday, while the S&P 500 slid 0.2% and the tech-heavy Nasdaq Composite dipped 0.1%. Stocks rose for a second consecutive day on Monday as market participants digested President Trump's announcement over the weekend that semiconductors and various consumer electronics 澳洲幸运5官方开奖结果体彩网:would be exempt from the tariffs announced earlier this month.
It has been a volatile two weeks for the stock market, with Trump's unveiling of "reciprocal" tariffs sparking Wall Street's 澳洲幸运5官方开奖结果体彩网:worst sell-off in years before his announcement of 澳洲幸运5官方开奖结果体彩网:a 90-day pause fueled its best✃ day in years. Uncertainty remained high on Tuesday despite the weekend's relief; Treasury Secretary Howard L🔯utnick on Sunday suggested the tariff exemption for electronics is a reprieve before the products are subjected to their own duties.
Tensions between the U.S. and China, which is still subject to a tariff rate of 澳洲幸运5官方开奖结果体彩网:more than 100%, ramped up on Tuesday. Boeing (BA) stock fell 2% following reports Beijing had instructed carriers to 澳洲幸运5官方开奖结果体彩网:stop accepting deliveries of the American jet maker's planes.
Mega-cap tech stocks were mostly lower on Tuesday. Meta Platforms (META), Alphabet (GOOG), and Amazon (AMZN) each declined more than 1%, while Microsoft (MSFT) and Apple (AAPL) dipped marginally. Chipmakers Nvidia (NVDA) and Broadcom (AVGO) climbed 1.4% and 0.3%, respectively. Tesla (TSLA) shares edged 0.7% higher.
Shares of Netflix (NFLX), which is slated to 澳洲幸运5官方开奖结果体彩网:report first-quarter earnings after markets close on Thursday, jumped nearly 5% after the Wall Street Journal reported executives have set the ambitious goal of doubling revenue by 2030. Hewlett Packard Enterprise (HPE) climbed 5% following reports activist investors Elliott Investment Management had taken a🅘 $1.5 billion stake in the company.
Earnings season picked up steam, with 澳洲幸运5官方开奖结果体彩网:better-than-expected results from Bank of America (BAC) and Citigroup (C) lifting their stocks about 4% and 2%, respectively. Johnson & Johnson (JNJ) shares slipped 0.5% despite the healthcare giant 澳洲幸运5官方开奖结果体彩网:topping earnings estimates.
The 10-year Treasury yield, which affects the interest rates on consumer loans like mortgages, continued to decline after tumbling Monday. The yield fell to 4.34% after closing at 4.38% yesterday. Yields have surged this month despite the recent flight to safety, a phenomenon that has 澳洲幸运5官方开奖结果体彩网:puzzled some onlookers worried about dysfunction in the bond market.
Gold futures climbed 0.6% to $3,247 an ounce, while West Texas Intermediate crude oil futures were unchanged at $61.50 a barrel. Bitcoin tumbled from a high above $86,000 early in the s🌠ession and was trading at $84,000 aജn hour after equity markets closed.
The Biggest S&P 500 Movers on Tuesday
Decliners:
- Shares of Albemarle (ALB), the world's largest lithium producer, dropped 5.9%, falling the most of any S&P 500 constituent. The move lower came after several research firms reduced their price targets on the stock. Analysts pointed to numerous factors behind more muted forecasts for Albemarle, including the potential for trade tensions to weigh on global sales in the automotive sector, which could result in sustained pressure on prices for battery components.
- Bank of America expressed a cautious view of the chemical sector, pointing to softness in cyclical demand and headwinds related to global trade. Analysts indicated that these factors are contributing to lower levels of confidence around upcoming earnings estimates. BofA downgraded Dow (DOW) stock to "underperform" from "buy," and shares of the chemicals giant lost 4.0% following the double downgrade.
- Shares of Molina Healthcare (MOH) sank 3.8% after Baird analysts downgraded the stock to "neutral" from "outperform." According to the analyst team, companies in the managed care and health care facilities industries could be unlikely to increase their guidance in the near term given policy uncertainties related to Medicare Part D programs.
Advancers:
- Palantir Technologies (PLTR) shares surged for the second straight session, adding 6.2% on Tuesday to notch the S&P 500's top daily performance. The 澳洲幸运5官方开奖结果体彩网:push higher for Palantir stock followed reports that the North Atlantic Treaty Organization (NATO) acquired an artificial intelligence (AI) military solution developed by the big data analytic software firm.
- Shares of Hewlett Packard Enterprise (HPE) gained 5.1% after Bloomberg reported that activist investor Elliott Investment Management has accumulated a position worth more than $✨1.5 billion in the IT services provider. People familiar with the matter told Investopedia that Elliott intends to engage with HPE's leadership on potential steps to boost the tech company's value.
- According to The Wall Street Journal, Netflix (NFLX) executives 🍰澳洲幸运5官方开奖结🅷果体彩网:outlined a set of optimistic objectives at a business review meeting in March. The targets include doubling the company's revenue by 2030 and achieving a $1 trillion 澳洲幸运5官方开奖结果体彩网:market capitalization. Netflix shares jumped 4.8% ahead of the streaming giant's quarterly earnings report, which is set to be released Thursday afternoon.
UꦍSA Rare Earth 🍸Stock Soars Further on Report Trump to Stockpile Critical Minerals
Shares of USA Rare Earth (USAR) surged for a second straight session Tuesday following a report that President Donald ⛄Trump intends to stockpile critical deep-ꦕsea metals to counter China.
Shares of the Stillwater, Okla.-based company soared 41% yesterday after the Financial Times reported over the weekend that the Trump administration was "drafting an executive order to enable the stockpiling of metal found on the Pacific Ocean seabed, in an effort to counter China's dominance of battery minerals and rare earth supply chains."
USA Rare Earth, whose stock jumped a further 12% in intraday trading Tuesday, did not immediately respond to an Investopedia request for comment.
Alexander Gray, an Asia expert who served in the first Trump administration, told the FT that "catalyzing U.S. government focus on the areas of greatest vulnerability to (People's Republic of China) ambitions is essential," as China views the deep seabed as "a front line in economic and military competition with the U.S."
Shares of USA Rare Earth had been down about 28% in 2025 until this week's surge.
HP Entꦯerprise Stock Jumps as Activist Ell🐼iott Builds $1.5 Bill Stake
Hewlett Packard Enterprise (HPE) shares surged Tuesday after Bloomberg reported 澳洲幸运5官方开奖结果体彩网:activist investor Elliott Investment Management has built a more than $1.5 🅘billion stake 🍌in the server maker.
Elliott will look to engage with HP Enterprise's leadership on ways to maximize the company's value, people familiar with the matter told Investopedia. HP Enterprise declined to comment.
In its latest 澳洲幸运5官方开奖结果体彩网:quarterly report last month, HP Enterprise's revenue topped estimates, while adjusted profits for the first quarter, along with its 澳洲幸运5官方开奖结果体彩网:projections for the second quarter and full fiscal year, came in weaker than expected. The tech firm said it planned to cut costs and lay off about 5📖% of its workforce over the next 18 months.
Elliott has recently made an impact with its stake in Southwest Airlines (LUV), getting 澳洲幸运5官方开奖结果体彩网:several of its nominees placed on the company's board late last year. This year, Elliott has reportedly built stakes in oil and gas 澳洲幸运5官方开奖结果体彩网:companies BP (BP) and 澳洲幸运5官方开奖结果体彩网:Phillips 66 (PSX), and has invested in the tech sector previously with firms 澳洲幸运5官方开奖结果体彩网:including Salesforce (CRM).
HP Enterprise shares were up over 4% in recent trading, but are still down roughly 30% since the start of the year💦.
Palantir Stock Extends Gains After NATO Deal
Shares of Palantir Technologies (PLTR) rose for a second consecutive session Tuesday following news that the 澳洲幸运5官方开奖结果体彩网:Nor♏th Atlantic Treaty Organizat𓂃ion (NATO) had acquired the analytics software provider's 澳洲幸运5官方开奖结果体彩网:artificial intelligence-enabled military system.
Palantir shares 澳洲幸运5官方开奖结果体彩网:closed nearly 5% higher Monday as the deal with the Brussels-based military alliance helped 澳洲幸运5官方开奖结果体彩网:ease investor concerns 🅺that Europe may rely less on American defense contractors amid an uncertain trade outlook.
The stock was up a further 5% in recent trading and was among the top gainers in the 澳洲幸运5官方开奖结果体彩网:S&P 500.
Sh♛ares have added nearly 30% of their value in 2025 and have skyrocketed 345% over the past 🌠12 months.
Netflix S♋tock Po๊ps on Report of Ambitious Revenue Goal
Netflix (NLFX) shares jumꦬped Tuesda😼y following a report company executives laid out ambitious targets at a business review meeting last month.
Executives said the streaming giant aims to double the $39 billion in revenue Netflix brought in last year, with a global ad sales target of $9 billion by 2030, The Wall Street Journal reported Monday, citing people familiar with the matter.
The streaming giant also aims to reach a 澳洲幸运5官方开奖结果体彩网:market capitalization of $1 trillion by 2030, the report said, up from roughly $419.2 billion. The only U.S. companies with a market cap above $1 trillion today include Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), Amazon (AMZN), Meta (META), and Berkshire Hathaway (BRK.A, BRK.B).
Netflix did not immediately respond to a ꦛrequest for comment.
Shares were up more than 6% in recent trading, leading 🧜gains on the S&P 500. Shares have added about ﷺ60% of their value over the past 12 months.
Last week, Morgan Stanley analysts named Netflix a 澳洲幸运5官方开奖结果体彩网:“top pick,” arguing the company could be well-positioned to withstand the cur💫rent tariff landscape. The streaming giant has shown "momentum” in its core subscription business, the analysts said. That momentum lowers the company’s overall risk, the bank added, even if the advertising 🐎market struggles amid rising trade tensions.
Netflix is 澳洲幸꧟运5官方开奖结果体彩网:set to report its first-quarter results after the market closes Thursday.
𒊎Citigroup Stock Rises After Q1 Results Top🥃 Estimates
Citigroup (C) sh🌼ares rose Tuesday after the bank reported better-th🦂an-expected first-quarter results as volatile markets boosted equities trading.
The firm reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.96 on revenue of $21.60 billion, while analysts surveyed by Visible Alpha expected $1.84 and $21.19 billion, respectively. Markets revenue rose 12% year-over-year to $6.0 billion, powered by a 23% jump in equities trading revenue to $1.5 billion.
Citigroup shares were up 3% in r💞ecent trading. They entered Tuesday down 10% in♛ 2025.
Since bank earnings began last Friday, 澳洲幸运5官方开奖结果体彩网:Morgan Stanley (MS), 澳洲幸运5官方开奖结果体彩网:JPMorgan Chase (JPM), 澳洲幸运5官方开奖结果体彩网:Wells Fargo (WFC), and 澳洲幸运5官方开奖结果体彩网:Goldman Sachs (GS) all posted results that beat analysts' estimates, but executives have 澳洲幸运5官方开奖结果体彩网:struck a cautious tone about the rest of the year d🐬🐻ue to uncertainty caused by tariffs.
Citigroup CEO Jane Fraser said she was bullish about the prospects for the U.S. dollar, which is on track to have its 澳洲幸运5官方开奖结果体彩网:worst two-month stretch since 2002.
"When all is said and done, and longstanding trade imbalances and other structural shifts are behind us, the U.S. will still be the world's leading economy, and the dollar will remain the reserve currency," Fraser said.
Albertsons Stock Sinks as Grocer Issues Soft Full-Year Pro🧔fit Outlook
Shares of Albertsons (ACI) fell sharply Tuesday, a day after the supermarket chain reported a weaker-than-expected profit outlook for fiscalജ 202🌠5.
The Boise, Idaho-based company posted fiscal 2024 fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.46 on sales of $18.80 billion. Analysts polled by Visible Alpha expected $0.40 and $18.65 billion, respectively.
However, Albertsons' full-year adjusted EPS projection of $2.03 to $2.16 missed consensus projections of $2.28.
Shares of Albertons, which last month announced that CEO Vivek Sankaran would be retiring May 1 and replaced by COO Susan Morris, were down over 7% in Tuesday morning trading.
Albertsons stock is up modestly since its $24.6 billion combination with Kroger (KR) 澳洲幸运5官方开奖结果体彩网:was called off in December, when a pair of judges sided with the 澳洲幸运5官方开奖结果体彩网:Federal Trade Commission and ruled that their merger 澳洲幸运5官方开奖结果体彩网:likely would have resulted in lower wages and 澳洲幸运5官方开奖结果体彩网:higher prices.
Boeing Stock Falls as China Tells Ca🐷rriers To Stop Jet Deliveries, Report Says
Boeing (BA) shares fell Tuesday after Beijing reportedly told its airlines not to take more deliveries of th🎉e American company's jets, as the trade war between the U.S. and China heats up.
Beijing also "asked that Chinese carriers halt any purchases of aircraft-related equipment and parts from U.S. companies," Bloomberg reported, citing people familiar with the matter.
China last Friday hiked its tariffs on imports from America to 125%, in retaliation for the 145% duties its goods face from the U.S. The report said the 125% tariffs on U.S. imports would "have more than doubled the cost of U.S.-made aircraft and pa𝓡rts, making it impractical for Chinese airlines to accept Boeing planes."
Boeing share꧃s, which have fallen 10% year-to-date entering Tuesday, were down a further 2% in morning trading.
Boeing didn't immediately respond to a request for comment.
Bank of America Stock Jumps Aft♓er Topp♛ing Earnings Estimates
Shares of Bank of America (BAC) rose in early t🍌rading Tuesday after the f🍸inancial giant's first-quarter results came in better than expected.
The firm recorded 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.90 on revenue of $27.37 billion. Analysts were projecting $0.82 and $26.80 billion, respectively, per Visible Alpha.
Bank of America reported 澳洲幸运5官方开奖结果体彩网:net interest income (NII)&nbꦚsp;of $14.44 billion, in line with the analyst consensus.
Despite largely stronger-than-expected Q1 results thus far, a number of 澳洲幸运5官方开奖结果体彩网:executives at big banks have been less bullish on the macroeconomic outlook for 2025 amid uncertainty about how the 澳洲幸运5官方开奖结果体彩网:Trump administration's tariffs will impact the economy.
"Our business clients have been performing well; and consumers have shown resilience, continuing to spend and maintaining healthy credit quality," Bank of America CEO Brian Moynihan said. He added that Bank of America is well-positioned to continue growing even "though we potentially face a changing economy in the future."
Shares of Bank of America, which topped estimates in 澳洲幸运5官方开奖结果体彩网:each quarter of 2024, were up more than 4% Tuesday morning. They entered the day down roughly 17% si🎀nc☂e the start of the year.
Stock Futures Tick Lower After 2 Days of Gains
Futures contracts connected to theꦡ Dow Jones Industrial Average were down 0.3% in premarket trading on Tuesday.
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S&P 500 futures were off 0.2%.
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Nasdaq 100 futures were also down 0.2%.
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