Stocks rise as investors digest latest earnings and tariff volatility eases
U.S. stocks rose for another session on Tuesday, as investors analyzed the latest batch of first-quarter earnings reports and enjoyed a recent decline in market turmoil.
The Dow Jones Industrial Average rose 156 points, or 0.4%. The S&P 500 and Nasdaq Composite each climbed 0.5%. All three averages are on track to notch their third straight winning sessions.
Tuesday’s moves were in stark contrast to the volatile swings seen in recent sessions. The Cboe Volatility Index (VIX) fell below 30 after hitting a high of around 60 last week.
Bank of America added 4% after exceeding analyst expectations for the first quarter. Other major reports due this week include United Airlines and Netflix.
Beyond earnings, Boeing shares fell more than 1% after Bloomberg reported that Beijing ordered Chinese airlines not to take more of the company’s planes.
Tuesday’s action came after the major stock indexes ended Monday’s session higher, buoyed by the tech sector. Stocks received a tailwind after guidance on Friday from U.S. Customs and Border Protection revealed exemptions from “reciprocal” tariffs for electronic products such as smartphones, computers and semiconductors. Still, comments from President Donald Trump and Commerce Secretary Howard Lutnick on Sunday suggested these exemptions might only be temporary.
Source : CNBC
