Wall Street today: Nasdaq, S&P 500, Dow Jones jump as focus shifts to earnings
Published on 22/04/2025 07:23 PM
Wall Street stocks surged on Tuesday, as investors turned their focus to corporate earnings amid escalating trade war and fears of removal of Federal Reserve Chair Jerome Powell by President Donald Trump.
At the opening bell, the Dow Jones Industrial Average rose 345.8 points, or 0.91%, to 38,516.23. The S&P 500 rose 49.5 points, or 0.96%, to 5,207.67, while the Nasdaq Composite rose 209.0 points, or 1.32%, to 16,079.94.
Gainers and LosersAmong megacap stocks, Nvidia rose 1.1% and Apple added 1.7%.
Shares of Tesla, which will report earnings after markets close, rose 2.1%.
Verizon shares fell 2.4% after the company reported a higher quarterly subscriber loss.
Industrial conglomerate 3M Co’s stock soared 3.4% after the company beat estimates for the first quarter profit.
Northrop Grumman stock tanked 8.7% after its profit dropped sharply.
RTX slid 8% after the company flagged a potential hit of about $850 million to annual profit from tariffs.