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US STOCKS: Late Equities Roundup: Extending Gains on April 2 Tariff Delay

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are extending late session gains as headlines regarding President Trump's "reciprocal tariffs" filtered out of the White House. Currently, the DJIA trades up 336.32 points (0.76%) at 44704.11, S&P E-Minia up 47.5 points (0.78%) at 6120.25, Nasdaq up 214.1 points (1.1%) at 19863.94.
  • Several factors in play: tariffs on autos, metals and pharmaceuticals will be over and above planned reciprocal tariffs, no exemptions as some had hoped for.
  • Stocks gained as Commerce Secretary Lutnick said reciprocal tariffs would not begin until April 2, while a report on the impact of tariffs is expected with 180 days. Also of consequence, Trump would not rule out "one-size-fits-all flat tariff tax".
  • Materials and Information Technology sectors led the late session rally, metals and mining shares supported the Materials sector: Smurfit WestRock +5.64%, Freeport-McMoRan +5.35% and Albemarle +4.44%. Leading gainers in the Technology sector included: Intel Corp +9.23%, Super Micro Computer +8.64% and Tyler Technologies +7.65%.
  • Conversely, Utilities and Industrial sectors underperformed, energy providers weighing on the former with Duke Energy -2.44%, Edison International -2.07%, PG&E Corp -1.59%. Airlines continued to weigh on the Industrials sector: United Airlines -4.01%,  Delta Air Lines Inc -3.97%.
  • Stocks expected to announce earnings after the close include: Molson Coors Beverage, CBRE Group, Duke Energy Corp, TransUnion, Altice USA, Howmet Aerospace, Digital Realty Trust, Dexcom, Republic Services and GoDaddy Inc.
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  • Stocks are extending late session gains as headlines regarding President Trump's "reciprocal tariffs" filtered out of the White House. Currently, the DJIA trades up 336.32 points (0.76%) at 44704.11, S&P E-Minia up 47.5 points (0.78%) at 6120.25, Nasdaq up 214.1 points (1.1%) at 19863.94.
  • Several factors in play: tariffs on autos, metals and pharmaceuticals will be over and above planned reciprocal tariffs, no exemptions as some had hoped for.
  • Stocks gained as Commerce Secretary Lutnick said reciprocal tariffs would not begin until April 2, while a report on the impact of tariffs is expected with 180 days. Also of consequence, Trump would not rule out "one-size-fits-all flat tariff tax".
  • Materials and Information Technology sectors led the late session rally, metals and mining shares supported the Materials sector: Smurfit WestRock +5.64%, Freeport-McMoRan +5.35% and Albemarle +4.44%. Leading gainers in the Technology sector included: Intel Corp +9.23%, Super Micro Computer +8.64% and Tyler Technologies +7.65%.
  • Conversely, Utilities and Industrial sectors underperformed, energy providers weighing on the former with Duke Energy -2.44%, Edison International -2.07%, PG&E Corp -1.59%. Airlines continued to weigh on the Industrials sector: United Airlines -4.01%,  Delta Air Lines Inc -3.97%.
  • Stocks expected to announce earnings after the close include: Molson Coors Beverage, CBRE Group, Duke Energy Corp, TransUnion, Altice USA, Howmet Aerospace, Digital Realty Trust, Dexcom, Republic Services and GoDaddy Inc.