U.S. Stocks Climb as Trump Softens China Stance

? Markets Summary — April 23, 2025

U.S. Stocks Climb as Trump Softens China Stance

Markets closed higher on Tuesday as investors welcomed a more measured tone from President Trump on China and reassurance that Federal Reserve Chair Jerome Powell would remain in place.

• Nasdaq rose 2.5% to 16,708.1

• S&P 500 gained 1.7% to 5,375.9

• Dow Jones added 1.1% to 39,606.6

Most sectors posted gains, led by technology and consumer discretionary, while consumer staples and energy lagged.

? Top Gainers

• Amphenol (APH): +8.2% — Topped Q1 estimates and gave a strong Q2 outlook.

• Boeing (BA): +6.1% — Narrowed quarterly loss; commercial deliveries rose.

• Tesla (TSLA): +5.4% — Musk to reduce government focus; investors shrugged off weak earnings.

• Super Micro Computer (SMCI): +7.6% — Announced new AI server project with Fujitsu.

• Palantir (PLTR): +7.3% — Partnering with Northrop Grumman on AI defense tech.

? Top Losers

• Enphase Energy (ENPH): -15.9% — Disappointed on Q1 earnings.

• Baker Hughes (BKR): -6.4% — Earnings beat, but revenue missed expectations; oil price weakness adds pressure.

?️ Commodities

• WTI Crude: ↓ 2.1% to $62.34/barrel
  OPEC+ may accelerate production hikes amid global supply concerns.

• Gold: ↓ 3.3% to $3,306.9/oz

• Silver: ↑ 2.1% to $33.6/oz