S&P 500 Prepares to End Four-Day Decline
12 minutes ago
The S&P 500 index emerged strongly on Tuesday, positioning itself to break a losing streak that lasted four days.
Between mid-February and early April, the index experienced a decline of approximately 20% as market participants evaluated the effects of tariffs on economic expansion and inflation. Recently, however, the index has rebounded by 20% from a low in April, spurred by rising optimism regarding trade agreements, the robustness of the U.S. economy, and solid corporate earnings.
After reaching a record high in mid-February, the S&P 500 exhibited a steep downward trend within a broadening formation but managed to break above that pattern late last month.
Recently, this large-cap index regained its 200-day moving average but saw a pullback towards this level last week, coinciding with a decline in its relative strength index from the overbought area.
Investors should keep an eye on key support levels around 5,700 and 5,400, as well as resistance levels near 6,100 and 6,650.
The S&P 500 was trading up 2% at 5,915 by the end of Tuesday.
Tesla Shares Surge as Musk Announces Increased Focus
56 minutes ago
Shares of Tesla surged on Tuesday following CEO Elon Musk’s announcement over the weekend that he would devote more attention to the electric vehicle maker.
Musk stated on his X social media account, “Back to spending 24/7 at work and sleeping in conference rooms,” emphasizing the importance of focusing on Tesla and other projects like xAI and Starship.
Investor concerns about Musk’s distractions in government roles had put pressure on Tesla’s shares throughout the year. His renewed commitment to Tesla appeared to overshadow disappointing news about a significant decline in EU registrations for the company.
Wedbush analysts indicated that a potential positive catalyst for Tesla’s stock could emerge from the success of its autonomous vision, particularly with the upcoming launch of robotaxis in Austin.
While Tesla shares were recently up over 6%, the stock remains down about 10% since the beginning of the year but has doubled over the past year.
Market Moves Expected for Nvidia Post-Earnings
2 hr 19 min ago
Nvidia, the leading AI chip manufacturer, is set to influence the entire stock market with its quarterly earnings report scheduled after market hours on Wednesday.
Options pricing data indicates that Nvidia’s stock could fluctuate about 7% in either direction, potentially reaching as high as $140.47 or as low as $122.11.
Although Nvidia stock has increased by over 20% in the past month, it’s essential to note that despite positive earnings forecasts, shares have dropped after recent earnings reports.
Analysts predict revenue growth of around 66% and earnings growth of approximately 40% for the most recent quarter, with a majority recommending the stock as a buy.
Investors are keenly awaiting the report amid optimism regarding AI spending, as Nvidia has historically seen volatility following earnings announcements.
PDD Holdings Faces Decline After Earnings Disappointment
2 hr 43 min ago
PDD Holdings saw a drop in shares after the parent company of the Temu shopping site reported earnings that significantly missed estimates.
In its first-quarter results, PDD reported adjusted earnings of 11.41 Chinese yuan on revenue of CNY95.67 billion, falling short of analyst expectations for earnings and revenue.
The company’s leaders noted that significant investments to support platforms and merchants had impacted short-term profitability. The recent trade loophole expiration also adds pressure on their financial performance.
PDD shares were down 15% in recent trading, marking a challenging year for the company.
Salesforce Acquires Informatica for $8 Billion
3 hr 22 min ago
Informatica shares rose after the AI data management firm agreed to be bought by Salesforce for $8 billion, marking the conclusion of prolonged negotiations.
Informatica investors will receive $25 per share, reflecting a 30% premium compared to its previous closing price.
Salesforce executives emphasized that the merger will enhance their data platform capabilities, integrating Informatica’s technology to improve AI efficiency.
Informatica had an increase of about 6% in share value, reducing its year-to-date loss, while Salesforce remains down over 17% this year.
Apple Shows Signs of Rebounding After Loss Streak
4 hr 16 min ago
Apple shares increased on Tuesday after experiencing significant declines due to tariff threats from President Donald Trump.
Trump warned that Apple’s iPhones must be manufactured in the U.S. or face tariffs, escalating pressure on the tech giant amid tariff-related concerns.
Following eight consecutive days of declines, Apple’s stock was up nearly 2% in recent trading, although it has still lost about 20% since the beginning of 2025.
Investors should monitor critical support and resistance levels around $193 and $215 as the stock attempts to regain its footing.
