Stocks surged on Monda♓y after the U.S. and China agreed to slash tariffs on one another for 90 days while the two sides work toward a broader trade agr༺eement.
The Dow Jones Industrial Average rose 2.8%, or nearly 1,200 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 jumped 3.3% and 4.𓆉4%, respectively, as each of the major indexes closed near their highs for the session. The consumer discretionary sector of the S&P 500 led the move higher, rising about 5.5%, while the tech sect🐬or climbed 4.5%.
Stocks had been in a holding pattern at the end of last week—the major 澳洲幸运5官方开奖结果体彩网:index🦹es closed slightly lower for the week, the first time in three weeks they lost ground—as i🐎nvestors anxiously aღwaited the results of talks between U.S. and Chinese officials over the weekend.
Treasury Secretary Scott Bessent, who was in Switzerland for the talks, said Monday that so-called "reciprocal" tariffs that each country had imposed on one another at a rate of 125% would be 澳洲幸运5官方开奖结果体彩网:cut to 10% during the 90-day perio💖d. A separate 20% tariff that President Donald Trump imposed on China as part of efforts to stem the flow of fentanyl 澳洲幸运5官方开奖结果体彩网:remains in place.
Shares of the world's largest technology companies were sharply higher across the board on Monday, led by a gains of about 8% for Dow component Amazon (AMZN) and Meta Platforms (META). Apple (AAPL), another Dow member, and Tesla (TSLA) each rose more than 6%, while chipmakers Nvidia (NVDA) and Broadcom (AVGO) advanced about 5.5% and 6.5%, respectively. Alphabet (GOOG) rose more than 3% and Microsoft (MSFT) tacked on about 2%.
Chip stocks led the gains in the tech sector today. Marvell Technology (MRVL) and Micron (MU) both added about 8%, while ON Semiconductor (ON) and Microchip Technology (MCHP) surged 9% and 10%, respectively. The VanEck Semiconductor ETF (SMH) finished the day up more than 6%.
Among other noteworthy movers, Dow coponent Nike (NKE) climbed more than 7%, while delivery companies United Parcel Services (UPS) and FedEx (FDX) rose nearly 6% and 7%, respectively. Shares of Chinese e-commerce company Alibaba (BABA) jumped about 6%, while cruise line operator Carnival (CCL) soared 10%, apparel retailer Lululemon (LULU) added 9% and electronics seller Best Buy (BBY) gained about 6.5%. E-commerce platform Shopify (SHOP) skyrocketed 14% following news it will be i🥃ncluded in theꩲ Nasdaq 100 as of next week.
Shares of Newmont Mining (NEM), the world's largest producer of gold, tumbled 6% to lead S&P 500 decliners as꧒ the price of the precious metal slid. Gold futures—which were trading near a record high around $3,500 an ounce a week ago as investors sought safe havens amid concerns about tarif💯fs—dropped 3.1% to $3,240 on Monday.
West Texas Intermediate futures, the U.S. crude oil benchmark, rose 1.5% to $62.05, extending a recent rally after oil pric♛es hit a four-year low in late April.
The yield on the 10-year Treasury note, 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, was at 4.47%, up from 4.38% at Friday's close and at its highest level in a month. The U.S. dollar index, which measures the performance of the dollar against♊ a basket of foreign currencies, rose 1.5% to 101.80, and was also near its highest mark since early April.
Bitcoin was at $102,500 in late-afternoon trading, down from an overnight high of $105,700. The digital currency surged above $100,000 last week for the first time since February.
Biggest S&P 500 Movers on Monday
Advancers
- NRG Energy (NRG) soared 26% to lead the S&P 500 higher after the company delivered 澳洲幸运5官方开奖结果ও体彩网:better-than-expected quart🌊erly results and an optimistic earnings outlook. NRG's adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share of $2.68 was more than 60% higher than the consensus estimate of analysts polled by Visible Alpha. The energy firm also announced a $12 billion acquisition of natural gas assets from LS Power Equity Advisors, adding 18 natural gas facilities across nine states.
- Stanley Black & Decker (SWK) shares jumped 16% as the tools maker was in position to 澳洲幸运5官方开奖结果♛体彩网:benefit from relaxed tariffs on China. The maker of DeWalt and Craftsman tools had previously projected that tariffs would cut its full-year earnings per share by about 75 cents.
- Automation software maker Zebra Technologies (ZBRA) climbed more than 12%. It unveiled new manufacturing automation products at a conference this weekend.
- Trucking and shipping companies, which stood to lose cargo volume from a decline in China trade, moved higher, with Old Dominion Freight (ODFL) advancing 11% and J.B. Hunt Transportation (JBHT) rising nearly 10%.
- Home improvement product maker Masco (MAS) rose more than 11% on investor optimism that tariff negotiations will help the company avoid steep cost increases.
Decliners
- Gold miner Newmont (NEM) was the worst performer in the S&P 500, sliding 5.9%, as prices for the precious metal fell amid the stock-market rally. Investors use gold as a 澳洲幸运5官方开奖结果体彩网:safe-haven asset during periods of market volatility. Gold fell by more than 3% Monday as investors shifted out of the yellow metal and into the surging stock market.
- Cigna Group (CI) fell 5.3% following President Donald Trump’s 澳洲幸运5官方开奖结果体彩网:executive order on prescription d♌rug prices, which investors believed could have an impact on 澳洲幸运5官方开奖结果体彩网:pharmacy benefit managers, companies that administer drug benefits for health managers. CVS Health Corp (CVS) also declined.
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Tierney L. Cross / Bloomberg / Getty Images
- MarketAxess Holdings (MKTX), an electronic trading platform for fixed-income securities, dropped 5.6% after it completed the purchase of a 90% majority stake in the RFQ-hub platform.
Tesla Rides Market Rally Back Into $1 Trillion Club
Tesla (TSLA) shares surged Monday, pushing the company's 🍃market capit💖alization back above $1 trillion.
Shares of Tesla rose nearly 7% to close at $318.38 Monday, bringing the company's market cap to $1.02 trillion. That makes the 澳洲幸运5官方开奖结果体彩网:Elon Musk-led automaker one of just nine American companies worth $1 trillion or more, along with Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Alphabet (GOOGL), Meta (META), Berkshire Hathaway (BRK.A, BRK.B) and Broadcom (AVGO).
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Tesla's stock has climbed for 澳洲幸运5官方开奖结果体彩网:three consecutive weeks, but the shares are still down more than 20% for 2025. The EV maker has faced a 澳洲幸运5官方开奖结果体彩网:political backlash over 澳洲幸运5官方开奖结果体彩网:CEO Elon Musk's involvement in the Trump administration's cost-cutting efforts, with shares erasing much of their gains in the wake of President Donald Trump's election win. Last month, Musk said he would 澳洲幸运5官方开奖结果体彩网:step back from Trump's Department of Government Efficiency to spend more ti🍸me with Tesla.
Sales have lagged, including in China, where the company shipped fewer vehicles in April than it did a year earlier. Last month marked Tesla's seventh straight month of year-over-year decline💙s in shipments from China, according to preliminary data from the China Passenger Car Association.
Walmart Levels to Watch Ahead of Earnings Report
Walmart (WMT) shares are in the spotlight this week ahead of the big box retailer’s first quarter results, du🐼e before the opening bell on Thursday.
Last month, the retailer maintained its guidance of 3% to 4% sales growth for the first quarter, but cautioned its "range of outcomes" for operating income growth had widened amid澳洲幸运5官方开奖结果体彩网: tariff uncertainty. However, 澳洲幸运5官方开奖结果体彩网:analysts at Morgan Stanley recently pointed out the retailer sits well positioned to manage import duties given its scale, 澳洲幸运5官方开奖结果体彩网:supply chain advantages, and category mix.
Walmart shares closed little changed at around $97 on Monday, even as the 澳洲幸运5官方开奖结果体彩网:broader market rallied following news that the U.S. and China had agreed to 澳洲幸运5官方开奖结果体彩网:susꦫpend for 90 days the huge tariffs that the countries had imposed on one another. The stock has gained 7% since the start of the year, outpacing the performance of major stock indexes, and have jumped 60% over the past 12 months, boosted in part by the retailer’s ability to attract higher income customers and grow its 澳洲幸运5官方开奖结果体彩网:e-commerce business.
Since a 澳洲幸运5官方开奖结果体彩网:bear trap below the 澳洲幸运5官方开奖结果体彩网:200-day moving average emerged on Walmart’s chart last month, the shares have staged a sharp turnaround. More recently, the stock has consolidated on declining 澳洲幸运5官方开奖结果体彩网:trading volume ahead of the retailer’s quarterly results this week, indicating that larger market participants, such as 澳洲幸运5官方开奖结果体彩网:institutional investors, remain on the sidelines leading into the report. However, the 澳洲幸运5官方开奖结果体彩网:relative strength index remains above neutral territory, signaling bullish🦋 price momentum.
Investors should watch major support levels on Walmart's chart near $90 and $85, while also monitoring important resistance levels near $100 and $105.
Is Stock Market Out of the Woods After Tariff Reprieve?
Stocks were buoyant on Monday after White House officials said the U.S. and China ha🍬d agreed to scale back tariffs f♏or 90 days as negotiators work on a long-term deal.
The reprieve exceeded Wall Street's expectations and reassured some investors that President Trump's steepest tariffs are more a negotiating tactic than a permanent policy.
Analysts warn that the administration still has plenty of work to do, with negotiations between the U.S. and dozens of countries continuing and "Liberation Day" tariffs set to go back into effect in early July.
Read the 澳洲幸运5官方开奖结果体彩网:full article here.
Stanley Black & Decker Surges on Tariff Relief
Shares of Stanley Black & Decker (SWK) j🔴umped 16% on Monday, making the sto𒅌ck one of the biggest winners in the S&P 500.
The maker of DeWalt and Craftsman power tools 澳洲幸运5官方开奖结果体彩网:last month said it would have to raise prices as one of several mitigating actions to limit the impact of the Trump administration's sweeping tariffs. The company projected that the tariffs would reduce its full-year 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) by approximately 75 cents.
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Michael M. Santiago / Getty Images
Stanley Black & Decker shares trailed only NRG Energy (NRG), which 澳洲幸运5官方开奖结果体彩网:topped first-quarter estimates and announced a $12 ༺billion a𒊎cquisition, among S&P 500 winners Monday.
Pharma Stocks Rebound After Early Decline on Trump Plan
Global pharmaceutical shares jumped in intraday trading Monday, reversing their pre-market declines, as investors anticipated the legal challenges that may result from attempts to carry out President Donald Trump's 澳洲幸运5官方开奖结果体彩网:executive order on drug prices.
Trump signed an executive order Monday directing government health insurance agencies to buy medicines at the lower prices that drugmakers charge outside the U.S., potentially cutting drug costs, he said, by 59% to 90%. The order stipulates that Medicare, the government's health insurance program for the el🎃derly, and Medicaid, the program for people with lower incomes, will offer to pay pharmaceutical companies the lowest prices charged in other develope🎶d countries.
The executive order came a day after Trump posted on his Truth Social platform about a plan to reduce the prices of prescription drugs, sending shares of global pharmaceutical stocks tumbling early Monday. Following the release of the executive order, however, drug makers Eli Lilly (LLY), Pfizer (PFE), AbbVie (ABBV), Merck (MRK), and Novo Nordisk (NVO) 💞all were up by M꧙onday afternoon, trading between 2% and 7% higher.
Citi analysts on Monday said that details of the government's plans to bring down drug prices are "still vague" but the "language in the EO has less focus on PBMs than expected, and we think challenging enforcement and likely headwinds in court is leading a rebound in the space."
澳洲幸运5官方开奖结果体彩网:PBMs, or pharmacy benefit managers, are comp🎀anies that administer dr🌸ug benefits for health insurers and work with insurers, drug makers, and pharmacies.
U.S. drug prices are nearly three times higher than those charged in other developed countries, according to U.S. government dat🎃a. Branded drugs are more than three times higher, even with rebates included.
Heavily Exposed to China, Casino Stocks Jump
Shares of casino operators Wynn Resorts (WYNN), Las Vegas Sands (LVS), and MGM Resorts International (MGM) surged to outpace the broader market Monday on news the U.S. and China agreed to 澳洲幸运5官方开奖结果体彩网:slash tariffs for 90 days.
The stocks are heavily exposed to the Chinese economy given their casino operations in the 澳洲幸运5꧑官方开奖结果体彩网:special administrative region (SAR) of Macau, or Macao. Both Wynn Resorts and Las Vegas Sands generated 47% of their first-quarter adjusted property EBITDA in Macau. Meanwhile, MGM Resorts International's MGM China unit produced 45% of its Q1 澳洲幸运5官方开奖结果体彩网:adjusted EBITDA.
In its first-quarter report last month, Las Vegas Sands said its Macau market growth had "softened in the current environment," but added it was well-positioned for future growth given its "decades-long commitment to making investments that enhance the business and leisure tourism appeal" there.
Shares of Wynn Resorts, Las Vegas Sands, and MGM Resorts International were up roughly 7%, 6%, and 5%, respectively, in recent trading on a day when the benchmark 澳洲幸运5官方开奖结果体彩网:S&P 500 was ꦡadvancing 3%. For the year, Wynn shares are up about 10%, while those of Las Vegas Sands and MGM Resorts are down 18% and 1%, respectively.
NRG Soars After Earnings, Deal to Buy Natural Gas Assets
Shares of NRG Energy (NRG) skyrocketed on Monday after the firm delivered better-than-expected first-quarteꦉr results and announced a $12 billion𒅌 acquisition of natural gas assets from LS Power Equity Advisors.
The company delivered adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.68, more than 60% higher than the consensus of analysts polled by Visible Alpha. Revenue rose more than 15% year-over-year to $8.59 billion, 🥂also beating expectations.
Looking ahead, NRG said it still expects full-year adjusted EPS of $6.75 to $7.75. The midpoint of the range is ahead of analysts' projected $7.15.
Also Monday, NRG agreed to acquire a portfolio of natural gas assets from LS Power Equity Advisors in a $12 billion deal. NRG said the move doubles its generation capacity to about 13 GW by adding 18 natural facilities acros꧂s nine states. The transaction is expected to close in the first quarter of 2026.
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NRG Energy shares were up 25% in mid-afternoon trading, leading S&P 500 gainers. The stock, which is trading at an all-time high, has gained 65% since the start🎉 of the year.
Big Tech Has Powered Q1 Earnings to Strong Growth
First-quarter earnings ☂have continued to come in strong, though Big Tech is very much in the driver’s seat.
Some 90% of the companies in the S&P 500 have reported their latest results through Friday, accordi🅘ng to FactSet, with the numbers pointing toward overall year-over-year growth of above 13%. If that holds, it would mark a second-straight quarter of double-digit growth, FactSet said. Companies are beating estimates at a rate just above the five-year average, but to a slightly smaller degree.
Nvidia’s (NVDA) numbers 澳洲幸运5官方开奖结果体彩网:aren’t in yet—they’re due later this month—but first-quarter earnings from mega-cap tech stocks are so far up 28% year-ov𝐆er-year, compared with 9% for the rest of the S&P 500, Goldman Sachs analysts wrote F🅷riday.
That Nvidia report will still be closely watched as investors look for more clues regarding the outlook for AI growth and Big Tech broadly. This week, however, investors may largely be looking instead at trade and inflation—U.S.-China trade tensions show 澳洲幸运5官方开奖结果体彩网:signs of easing after a pullback in reciprocal tariffs was announced, and April’s CPI report is 澳洲幸运5官方开奖结果体彩网:due tomorrow.
“This pause gives U.S. companies more timeꦯ to adapt and to plan for contingencies should the trade talks go sideways again,” wrote Harris Financial Group Managing Partner Jamie Cox earlier to𓆉day.
Walmart (WMT), Applied Materials (AMAT) and Take-Two Interactive (TTWO) are among the companies of note set to report this week. A more detailed roundup of the week's 澳洲幸运5官方开奖结果体彩网:key events is here.
Apple Reportedly Mulling iPhone Price Hike
Apple (AAPL) is reportedly considering raising prices on its next generation of iPhones expected to be released this fall—but without pinning higher costs on tar꧂iffs.
The company wants to avoid the perception that higher prices for its iPhone 16 successor are attributed to a trade war with China, where many Apple devices are produced, The Wall Street Journal reported Monday. Apple did not immediately respond to a ౠrequest for comment.
The report comes as the U.S. and China agreed to 澳洲幸运5官方开奖结果体彩网:dramatically roll back tariffs on each other's imports for 90 days. The U.S. levy on Chinese imports will be reduced to 30% from 145% by Wednesday, while Beijing's tariffs on U.S. goods will drop to 10% from 125%, according to U.S. Treasury Secr🦹etary Scott Bessent.
Most 澳洲幸运5官方开奖结果体彩网:Apple products are exempt from President Donald Trump's "reciprocal" tariffs on Chinese goods. However, iPhones and other devices are still affected by the 20% import tax the White House put in place earlier in the year to𒈔 combat fentanyl trafficking. Shares of Apple popped more than 5% in recent trading Monday amid the broader market gains.
Earlier this month, CEO Tim Cook warned that tariffs would cost Apple 澳洲幸运5官方开奖结果体彩网:about $900 million in the current quarter that runs through June. To mitigate the effects, Cook said a majority of iPhones sold in the U.S. this quarter will come 澳洲幸运5官方开奖结果体彩网:from India 🍎;instead of China, with iPad, Mac, Apple Watch, and o𝓰ther products coming mostly from Vietnam.
However, the higher-end (and more profitable) Pro and Pro Max iPhone models will continue to primarily ship from China, WSJ reported. Apple’s factories in India are not yet 𝓡capable of mass producing those models at the ꧂same scale as their Chinese counterparts can, the report said.
Next Technology Jumps After Announcing Bitcoin Holdings
Shares of Next Technology Holding (NXTT) took off for a second straight session Monday after the software services provider and bitcoin buyer reported its holdings of the cryptocurrency jumpedꦰ.
Next Technology reported in a regulatory filing last week tha♛t it held 5,833 bitcoin, 5,000 of which it bought since the end of last year. It said the value of its bitcoin portfolio as of March 31 was $48💫1.7 million, while it paid $183.1 million to purchase them.
The company noted that it sees its bitcoin investment "as long-term holdings" and expects to continue acquiring them. It added that it hasn't "set any specific target" for the number of bitcoin it seeks to hold, and will "continue to monitor market conditions in determining whether to engage in additional financings" to make more purchases.
Next Technology explained that bitcoin "offers the opportunity for appreciation in value if its adoption increases and has the potential to serve as a hedge against inflation in the long-term."
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The news sent Next Technology shares soaring 661% on Friday, and the stock was up another 50% in early trading. They've also gotten a boost by the recent run-up of the price of bitcoin, which is trading above $104,000. Today's move lifted the stock from negative to positive territory for 2025.
Another firm seeing its shares fly higher because of bitcoin-related news is healthcare provider Kindly MD (KDLY), whose stock is soa♔ring nearly 500% Monday morning after it announced a merger with bitcoin-native holding company Nakamoto Holdings in order to start a bitcoin treasurℱy strategy. Nakamoto was founded by David Bailey, a key cryptocurrency advisor to President Donald Trump.
Tesla Levels to Watch After Three Weeks of Gains
Tesla (TSLA) shares surged in early trading after closing Friday at their highest level in more than two months, as the stock has gained ground in 澳洲幸运5官方开奖结果体彩网:each of the last three weeks.
The stock started gaining traction late last month after CEO Elon Musk, during the company’s 澳洲幸运5官方开奖结果体彩网:first quarter earnings call, said he would spend less ♏time at the Department of Government Efficiency, or "DওOGE," and more time at his job at the company.
More recently, Tesla shares have gotten boost from optimism that the Trump administration could soften its stance on tariffs. Monday's surge follows news over the weekend that the U.S. and China had agreed to pause most of the hefty tariffs that the countries had imposed on one another
Coming into Monday's session, Tesla shares had recovered about 40% from last month’s low. However, the stock was still down 26% since the start of the year, due in part to concerns that Musk’s involvement with the Trump administration could be weighing on the automaker’s sales.
Tesla shares forged a 澳洲幸运5官方开奖结果体彩网:triple bottom෴ on the chart between🐻 early March and late April, setting the stage for a bullish reversal.
Indeed, the stock confirmed the pattern in Friday’s trading session, breaking out above the formation’s neckline and closing above the closely watched澳洲幸运5官方开奖结果体彩网: 200-day moving average (MA). Moreover, the 澳洲幸运5官方开奖结果体彩网:relative strength index signals bullish price momentum and sits comfortably below 澳洲幸运5官方开奖结果体彩网:overbought&nbs♚p;levels to p🙈rovide ample room for further upside.
Investors should watch crucial overhead areas on Tesla's chart around $360 and $430, while also monitoring key support levels near $289 and $225.
The stock🌞 wa⛎s up more than 5% at around $315 shortly after the opening bell Monday.
Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.
Major Indexes Poised to Open Sharply Higher
Futures tie♔d to the Dow Jones Industrial Average were up 2.5%, or more than 1,000, points in recent trading.
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S&P 500 futures rose 3%.
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Nasdaq 100 futures soared 3.9%.
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