A number of stocks jumped in the morning session after the major indices rebounded (Nasdaq +2.0%, S&P 500 +1.5%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025.
Tesla registrations continue to plunge in Europe even as EV sales surge. Elon Musk says he'll be refocusing on Tesla and his other businesses. Tesla (NASDAQ: TSLA) shares are quickly rebounding from a drop last week.
Shares of voice AI recognition company SoundHound (NASDAQ:SOUN) jumped 12.6% in the morning session after Piper Sandler analyst James Fish initiated coverage on the stock with a Buy rating and a $12 price target.
EHC stock jumps 28.8% YTD as investors rally behind strong earnings beat, raised 2025 guidance and a growing national rehab hospital footprint.
Informatica shares gained Tuesday as the artificial intelligence (AI)-based data management software provider finally agreed to be purchased by Salesforce after long negotiations between the tech firms.
Luxury home sales fell 10% in April from a year earlier, according to new data from Redfin (RDFN).
U.S. stocks rose sharply Tuesday morning, with the S&P 500 rising about 1.5%, the Nasdaq gaining 2, and the Dow Jones Industrial Average climbing 473 points, or 1.1%, in a rebound from last week’s selloff.
WASHINGTON (Reuters) -U.S. consumer confidence improved in May after deteriorating for five straight months amid a truce in the trade war between Washington and China, though households continued to worry about tariffs raising prices and hurting the economy. The Conference Board said on Tuesday its consumer confidence index increased 12.3 points to 98.0 this month. About half of the responses were collected after May 12, after the White House announced a deal to slash duties on Chinese imports to 30% from 145% for 90 days.
Stocks and Treasuries are both powering ahead in post-Memorial Day trading. Gold and silver are pulling back though. The dollar is modestly higher, while crude oil is flat.
Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs. The Conference Board said Tuesday that its consumer confidence index rose 12.3 points in May to 98, up from April’s 85.7, its lowest reading since May 2020. A measure of Americans’ short-term expectations for their income, business conditions and the job market jumped 17.4 points to 72.8, but remained below 80, which can signal a recession ahead.