The U.S. economy unexpectedly contracted in the first quarter of 2025, posting its first negative growth reading since the second quarter of 2022 as Donald Trump's newly imposed trade tariffs sent shockwaves<a href="https://www.benzinga.com/news/econ-s"> through multiple sectors.</a>



Gross domestic product declined by 0.3% on an annualized basis during the January–March period, marking a sharp reversal from the 2.4% growth recorded in the final quarter of 2024. The reading fell short of analyst expectations, which had forecast a modest slowdown to 0.4% growth.



The decline in real GDP during the first quarter was mainly driven by a surge in imports—subtracted from GDP calculations—and a pullback in government spending. 



The U.S. economy posted the largest goods trade deficit ever in March, following the second- and third-largest monthly deficits on record in January and February, respectively, as importers accelerated foreign purchases in anticipation of tariffs. 



At the same time, spending reductions by the Elon Musk-led Department of Government Efficiency (DOGE) contributed further downward pressure on economic output.



&#8220;These movements were partly offset by increases in investment, consumer spending, and exports,&#8221; the Bureau of Economic Analysis wrote.



Price pressures intensified in the first quarter, reinforcing concerns over a potential stagflation scenario. 



The price index for gross domestic purchases rose 3.4%, accelerating from a 2.2% increase in the previous quarter. 



The personal consumption expenditures (PCE) price index—a key inflation gauge closely watched by the Federal Reserve—climbed 3.6%, up from 2.4% in the fourth quarter. 



Core PCE, which excludes volatile food and energy components, rose 3.5% after a 2.6% gain in the prior quarter, signaling persistent underlying inflation even as growth slows.



Earlier in the day, eurozone GDP data surprised to the upside, showing an expansion of 0.4% quarter-over-quarter, double the 0.2% growth economists had predicted.



<h3 class="wp-block-heading">Weak Labor Market Signals Emerge</h3>



In a separate economic release, Automatic Data Processing Inc. reported that U.S. private employers added just 62,000 jobs in April, the weakest figure since July 2024. 



That outcome marked a notable slowdown from March's 155,000 new jobs and missed economists' expectations of 108,000.



Service-providing industries added 34,000 jobs, while goods-producing industries added 26,000. 



&#8220;Unease is the word of the day. Employers are trying to reconcile policy and consumer uncertainty with a run of mostly positive economic data. It can be difficult to make hiring decisions in such an environment,&#8221; said ADP chief economist Nela Richardson. 



While ADP's private payroll data is not always a perfect proxy for the government's official employment numbers, the April report adds to signs of a cooling labor market. 



The Bureau of Labor Statistics will release its April Employment Situation Report on Friday, with nonfarm payrolls projected to rise by 130,000, down sharply from 228,000 in March.



<h3 class="wp-block-heading">Market Reactions</h3>



The U.S. dollar remained broadly steady across major currencies, with the euro-dollar exchange rate trading at 1.1370, down 0.1% on the day. 



U.S. Treasury yields snapped the seventh consecutive session of declines, with the 10-year yield inching up to 4.19%.



Stock futures suffered losses as investors speculated that signs of economic softness could weaken corporate profits. 



Futures on the S&amp;P 500 fell 0.8%, while contracts tied to the tech-heavy Nasdaq 100 tumbled 1.4% by 8:36 a.m. ET.



On Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) closed 0.6% higher, fully recovering the losses incurred following Trump's tariff announcement on April 2.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/04/45094024/us-futures-mixed-after-six-day-winning-streak-dont-sell-in-may-go-away-say-analysts">US Stock Futures Fall After Tuesday Rally, But History Favors Bulls: Markets Rose 9 Of Last 10 Mays, Says Expert</a></li>
</ul>



Photo: Shutterstock

Macro Economic Events

Broad U.S. Equity ETFs

Econ #s

Economics

ETFs

Tariffs Hit Hard As US Economy Shrinks For First Time Since 2022

Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) shares are trading higher on Wednesday after the company reported <a href="https://www.benzinga.com/pressreleases/25/04/n45094898/caterpillar-reports-first-quarter-2025-results" target="_blank" rel="noreferrer noopener">first-quarter 2025 results</a>. Total sales and revenue for the quarter declined 9.8% year-over-year to $14.25 billion, missing the consensus of $14.66 billion.



The decrease was primarily due to a $1.1 billion drop in sales volume and a $250 million unfavorable price realization, largely impacted by changes in dealer inventories.



Dealer inventory increased by $100 million in the quarter, compared to a $1.4 billion increase a year ago.



CAT&#8217;s adjusted earnings were $4.24 per share, compared to $5.60 a year ago and below the consensus of $4.35.



Operating profit fell 26.7% to $2.579 billion, primarily due to a $652 million impact from lower sales volume and $250 million from unfavorable price realization.



The operating profit margin was 18.1%, down from 22.3% a year ago. The adjusted operating profit margin was 18.3% compared with 22.2% a year ago.



Enterprise operating cash flow was $1.3 billion, and the company ended the quarter with $3.6 billion in enterprise cash. The company spent $3.7 billion on stock repurchases and $0.7 billion on dividends.



&nbsp;&#8220;Our strong balance sheet allowed us to deploy over $4 billion to shareholders through share repurchases and dividends during the quarter,&#8221; command Chairman and CEO Jim Umpleby.



&#8220;Our strategy for long-term profitable growth is delivering results, which reflect the benefits of our diverse portfolio and end markets,&#8221; stated incoming CEO Joe Creed.



The revenue of the machinery, energy, and transportation segment declined 11% YoY, with construction Industries down 19%, Resource Industries down 10%, energy and transportation down 2%, and other segments down 17%.



Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/04/44740051/general-electric-and-caterpillar-lead-xli-pullback-whats-going-on" rel="noreferrer noopener">General Electric And Caterpillar Lead XLI Pullback: What&#8217;s Going On?</a>



Q2 Outlook: Caterpillar expects sales and revenues to be similar to 2024. The adjusted operating profit margin is expected to be lower than YoY, mainly due to lower price realization before considering tariff impact.



Tariffs are expected to create an additional cost headwind of $250M to $350M in Q2, net of initial mitigation actions and cost controls.



2025 Outlook Pre-tariff scenario: Caterpillar expects Full-year sales and revenues to be flat compared to 2024, better than the previous slight decline forecast.



Adjusted operating profit margin is expected to be in the top half of the annual target range, and ME&amp;T&#8217;s free cash flow is expected to be in the top half of the annual target range.



2025 Outlook, <a target="_blank" href="https://s25.q4cdn.com/358376879/files/doc_financials/2025/q1/1Q-2025-Analyst-Slide-Deck-Final.pdf" rel="noreferrer noopener">Alternative Scenario</a> (with Tariff Impact and Negative Economic Growth): CAT expects full-year sales and revenues to be down slightly compared to 2024, which aligns with previous expectations.



The adjusted operating profit margin and ME&amp;T&#8217;s free cash flow are expected to be within the annual target range.



Price Action: CAT is trading higher by 3.12% at $317 premarket at the last check Wednesday.



Photo via Shutterstock

Earnings

News

Guidance

Movers

Caterpillar Warns Of $250 Million To $350 Million Tariff Hit After Q1 Profit Miss

Don't call it a comeback, but the market attempted to <a href="https://www.benzinga.com/government/regulations/25/04/45015276/wall-street-rally-pauses-tesla-heads-for-strongest-week-in-6-months-whats-driving-markets-friday">rally last week</a> after a worrisome Monday decline. The S&amp;P 500 closed above 5500 on Friday for the first time since President Donald Trump <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">announced a 90-day pause</a> on levying his reciprocal tariffs.



While the benchmark index was still 150 points below its pre-tariff announcement level, investors are gaining confidence that the steepest import taxes will be reduced or disregarded entirely.



Given this week&#8217;s rocky start, it&#8217;s still too early to call the bear market over. But it&#8217;s a good time to start looking for stocks that are building short-term momentum.



Today, we'll look at six stocks with promising technical trends that are driving their prices up.



We&#8217;re focusing on stocks with a minimum 98 Momentum score from Benzinga Edge that could be poised for an upward move over the next few weeks.



<h2 class="wp-block-heading">Rigetti Computing Inc.&nbsp;</h2>



Benzinga Edge Momentum Score: 99.86



Quantum computing stocks were one of 2025's first significant new investment trends, and Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), which manufactures quantum computers and superconducting processors, was one of the most prominent winners. The company's stock was trading under $1.50 around Thanksgiving before a parabolic breakout saw shares reach $20 by the first week of January. The exponential rally fizzled shortly thereafter, but the stock is still well above its pre-Thanksgiving average and could be coiling up for the next move higher.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe56O1M3JQtasNTb3WpvSiFw9pcXN0K8637FvovhUiDDeja3dnylTb7ZTfXUv8MqKCS_4vw8PP_eZWTXcFDMOVP5FercsbsgG5wAwgqx-I0mCkMosvYfOCKXVBLInT9hyEtdKAV?key=BFT1P88ZKYnvATe0GLA-uBhm" alt=""/></figure>



RGTI shares have traded in a tight range since the beginning of March, and the price appears to have found support around the $7.50 level, with a potential double-bottom formation. Another short-term bullish signal comes from the exponential moving average (EMA), which puts more emphasis on recent prices than the simple moving average (SMA). The 5-day EMA crossed over the 10-day last week and the stock has been up for four straight days since. Rigetti reports earnings on May 8, which could provide another catalyst for a stock that's already showing uptrending technical signs. 



<h2 class="wp-block-heading">Nutex Health Inc.&nbsp;</h2>



Benzinga Edge Momentum Score: 99.94



Nutex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUTX#NASDAQ">NUTX</a>) is a small-cap medical services company that owns healthcare facilities like microhospitals and outpatient centers. The company also offers cloud-based services for billing, human resources, accounting and legal. The stock soared to a multi-year high following a blowout earnings report at the start of April in which the company reported $257 million in quarterly revenue, an upside surprise of more than 200%.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXclVzIbQdIn5Axi1ozMV6mi-C491wLKfxoi0hHHSSiAefuv8GmPqC7Hfkw3-2OwF3hzaColAPeKHXkrwIAoJtt32G16RnXRSgm3sek_CEfx1xFh13suTv1OtichKW1dlIEg9p8y4g?key=BFT1P88ZKYnvATe0GLA-uBhm" alt=""/></figure>



NUTX shares had been showing promising signals before this breakout. The 50-day SMA crossed over the 200-day SMA in September, known as a Golden Cross, and has since served as a support level for the share price. But the stock quickly became overbought, and a sell signal from the Relative Strength Index (RSI) coincided with a multiday losing streak. However, the uptrend is still in place, and the RSI is back below the overbought trigger point of 70. Keep an eye on this one and remember the 50-day SMA's former role as a support level.



<h2 class="wp-block-heading">Rocket Lab USA Inc. RKL</h2>



Benzinga Edge Momentum Score: 99.46



Rocket Lab USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) builds and launches its spacecraft through three product families: the Neutron and Electron launch vehicles and the Photon satellite system. The company offers civil and commercial services and has put multiple objects into orbit. RKLB shares broke out of a multi-year range in October and reached a new all-time high in January, achieving a gain of more than 200% in just three months.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcc_nDaxh2ONdoH7w47EIXu0Eqz2ob_EYCEartuib7DtFw0jKjWVcRVX6gfClq8gCO2odgRq3rMdCRsF10mGfpdFbs8oNLHPFYEP6bByXINpLhMbpuDZHWroOEcljeV9k6DZSdNIA?key=BFT1P88ZKYnvATe0GLA-uBhm" alt=""/></figure>



RLKB shares failed to launch in 2025, however, dropping back under $20 per share and languishing in a constrictive range. The price dipped below the 50-day SMA in February but recently regained momentum by breaking through the 50-day SMA for the first time in two months. The RSI remains below the overbought threshold, indicating this breakout could have strength moving forward.



<h2 class="wp-block-heading">VNet Group Inc.&nbsp;</h2>



Benzinga Edge Momentum Score: 98.58



VNet Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) operates data centers across the Beijing and Shanghai areas and counts high-profile firms like Alibaba and Tencent as clients. Like Rocket Lab, VNET shares had a parabolic explosion earlier this year before retreating. The stock climbed as high as $15.34 before settling back under $5.00 earlier this month.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdCPwVUxMm9-TxlGnv_zAiMpcbcbf8C3wID2nu_pYphfsXKqMuxPL8gLVgWuZrjGVRTlT3-nLBaZgbXMUr-boP4Bby_ipGA1karSutrStrTJS0YTFha7NzZf_cNKvzornxqWzq_?key=BFT1P88ZKYnvATe0GLA-uBhm" alt=""/></figure>



This selloff may be overdone, though, as technical signals are pointing at a reversal. The RSI has dipped under 30 multiple times in April, signaling oversold conditions. Additionally, the stock has been trading below its 5-day and 10-day EMAs, but the gap between these two numbers is closing, and the share price is now above the 5-day mark. If the 5-day EMA crosses above the 10-day EMA, it will trigger another bullish signal, and this two-month downtrend could see a quick reversal.



<h2 class="wp-block-heading">Hallador Energy Co.&nbsp;</h2>



Benzinga Edge Momentum Score: 98.40



If you want an example of a breakout following the 5-day EMA crossing the 10-day EMA, look at Hallador Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNRG#NASDAQ">HNRG</a>), a company that mines coal in Indiana. Hallador has tailwinds from the Trump administration's renewed interest in coal, and the stock also has some technical patterns pointing to a move higher.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd38x_XWW-XIPvF_Xynv-k2JtCVRWfoZ_CqOcx743I0aXv6o0vElzNsDsKAY-OwI9qVXh-Ls8e3MerzGRcQmtXbt2KC1bbq6saNL5pvblzoUAFi4ucDida6g5DnWyUouXeCdihl?key=BFT1P88ZKYnvATe0GLA-uBhm" alt=""/></figure>



The stock is already up over 50% in the last three months, and the 5-day/10-day EMA cross heralded another massive green candle, taking the stock from $11 to $14.69 in under three weeks. The bullish momentum remains in place, as the stock price is trading above the 5-day and 10-day EMAs while the RSI is still not in overbought territory. 



<h2 class="wp-block-heading">Archer Aviation Inc.&nbsp;</h2>



Benzinga Edge Momentum Score: 98.61



Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) has had a turbulent time lately, jumping from $3.21 to $11.51 in under two months before dropping back under $7 earlier this month. Like most stocks on our list, ACHR shares had a significant uptrend stall out recently and now show signs of a turnaround.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd925p-JDONF6Q-L1JYUVOTTHsM2qifLuhVsLGChjiK1fIlc8FXN4U2Z_pbQLZPFovxyga52hs2rT2-5qprLq0ZL5SBThsy1HuyJlfMU9aK-XDsKjZLftvQq_VZwaDv2OKdk_NV1A?key=BFT1P88ZKYnvATe0GLA-uBhm" alt=""/></figure>



ACHR shares had been fading for multiple weeks but recently broke out of this slump by punching through a downward trendline that had been in place since mid-February. A bullish crossover accompanied this breakout on the MACD, which lends support to the breakout being legitimate. A potential catalyst for the move is a Buy reiteration from Needham on April 21, which places a $13 price target on the stock, indicating a possible upside of more than 51%.



<h2 class="wp-block-heading">Here's What Wall Street's Earnings Insiders See (That You're Missing)</h2>



Start trading earnings season like a pro – with real-time alerts the moment critical numbers drop. Plus, expert analysis that uncovers hidden opportunities in the post-earnings chaos. See What the Pros are Seeing Today right <a href="https://www.benzinga.com/premium/ideas/benzinga-edge">HERE</a>.



Editorial content from our Expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.



Photo: Shutterstock

Opinion

Trading Ideas

ACHR

HNRG

NUTX

RGTI

RKLB

VNET

6 Stocks Showing Momentum As The Market Rebounds

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella disclosed that artificial intelligence is now writing up to 30% of the tech giant&#8217;s code, signaling a fundamental shift in software development as AI tools reshape how tech companies build their products.



What Happened: Nadella said on Tuesday that AI now writes between 20-30% of the company&#8217;s code base, during a conversation with Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg at Meta&#8217;s inaugural LlamaCon AI developer event in Menlo Park, California.



&#8220;I&#8217;d say maybe 20%, 30% of the code that is inside of our repos today and some of our projects are probably all written by software,&#8221; Nadella stated during the public discussion.



When asked about Meta&#8217;s AI code generation, Zuckerberg indicated his company is building an AI model designed to create future versions of Meta&#8217;s Llama models, predicting that &#8220;maybe half the development is going to be done by AI, as opposed to people&#8221; within the next year.



Both companies employ tens of thousands of software developers but are increasingly turning to AI for coding tasks. This trend extends beyond tech giants, with Google CEO Sundar Pichai previously reporting that more than 25% of new code at Google is AI-generated. See Also: <a href="https://www.benzinga.com/markets/25/04/45092503/jim-cramer-says-stockholders-are-not-just-arrogant-rich-people-as-markets-slide-over-5-amid-trade-war-slams-trump-tariffs-bidens-hostility-toward-business">Jim Cramer Says Stockholders Are &#8216;Not Just Arrogant Rich People&#8217; As Markets Slide Over 5% Amid Trade War—Slams Trump Tariffs, Biden&#8217;s Hostility Toward Business</a> Why It Matters: The revelations come as Microsoft continues <a href="https://www.benzinga.com/news/25/03/44066026/satya-nadella-says-ai-agents-will-replace-knowledge-work-but-theres-one-role-humans-will-always-need-to-play">expanding its AI capabilities</a> across its product suite while distinguishing between &#8220;knowledge work&#8221; and &#8220;knowledge workers&#8221; in its corporate philosophy. Nadella has emphasized that AI will transform how cognitive labor is performed without necessarily replacing human workers, comparing the shift to how spreadsheets revolutionized accounting or email transformed communication.



This integration of AI into development processes follows Microsoft&#8217;s recent launch of &#8220;Computer Use,&#8221; a new tool within <a href="https://www.benzinga.com/25/04/44831264/microsoft-debuts-computer-use-tool-for-copilot-studio-ceo-satya-nadella-says-anyone-can-build-agents-that-take-action-on-the-ui-across-desktop-and-web-apps">Copilot Studio </a>that enables AI agents to perform tasks in desktop and web applications by directly interacting with user interfaces without requiring APIs. 



The tool represents part of Microsoft&#8217;s growing AI business, which Nadella recently announced has surpassed $13 billion in annual revenue, growing 175% year-over-year.



Meanwhile, Meta has reportedly <a href="https://www.benzinga.com/25/03/44452879/meta-profits-from-llama-ai-models-despite-denials-court-filing-reveals">been monetizing its Llama AI models</a> through revenue-sharing agreements with host businesses, according to an unredacted court filing in the copyright lawsuit Kadrey v. Meta. Read Next: 



<ul>
<li><a href="https://www.benzinga.com/tech/25/04/45091974/snapchats-my-ai-once-controversial-sees-55-year-over-year-growth-in-daily-active-users-ceo-evan-spiegel-says-augmented-reality-is-the-ideal-interface">Snapchat&#8217;s My AI, Once Controversial, Sees 55% Year-Over-Year Growth In Daily Active Users: CEO Evan Spiegel Says, &#8216;Augmented Reality Is The Ideal Interface&#8217;</a></li>
</ul>



Image Via Shutterstock



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Markets

Tech

General

MSFT

Satya Nadella Says AI Now Writes 30% Of Microsoft's Code — Mark Zuckerberg Predicts Half Of Meta's Future Development Will Be Done by AI

U.S. stock futures declined Wednesday morning, even as major indexes closed higher on Tuesday, with the S&amp;P 500 and Dow Jones logging their sixth consecutive day of gains — marking their longest winning streak in months.



<a href="https://benzinga.com/25/04/45059191/donald-trump-will-reduce-impact-on-us-auto-industry-by-alleviating-some-auto-tarrifs-report">Easing of the auto tariffs</a> helped the markets with a fresh dose of optimism going into a jam-packed earnings week, with several heavy-hitters, including 4 of the &#8220;Magnificent 7&#8221; companies, set to release their quarterly results over this week. 



On Tuesday, President Donald Trump hinted that trade negotiations with India were &#8220;coming along great,&#8221; and that the administration was <a href="https://www.cnbc.com/2025/04/29/trump-india-trade-deal-bessent-south-korea-japan.html">close to announcing a deal</a>, further adding to the optimism, according to a report by CNBC.



Investors on Wednesday will be closely watching the earnings of tech giants, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), and KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>), which should set the tone for the rest of this week.



U.S. 10-Year Treasuries are at 4.16%, while the 2-Year Treasuries are at 3.66%. The CME Group's FedWatch&nbsp;<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank" rel="noreferrer noopener">tool</a>&nbsp;shows the markets pricing a 92.4% likelihood of interest rates remaining unchanged during the FOMC meeting that is scheduled to take place the first week of May, which marks an increase from 91.1% on Tuesday.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td class="has-text-align-center" data-align="center">Futures</td><td class="has-text-align-center" data-align="center">Change (+/-)</td></tr><tr><td class="has-text-align-center" data-align="center">Dow Jones</td><td class="has-text-align-center" data-align="center">0.09%</td></tr><tr><td class="has-text-align-center" data-align="center">S&amp;P 500</td><td class="has-text-align-center" data-align="center">-0.05%</td></tr><tr><td class="has-text-align-center" data-align="center">Nasdaq 100</td><td class="has-text-align-center" data-align="center">-0.15%</td></tr><tr><td class="has-text-align-center" data-align="center">Russell 2000</td><td class="has-text-align-center" data-align="center">0.16%</td></tr></tbody></table></figure>



The&nbsp;SPDR S&amp;P 500 Trust ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.63% on Monday, while the&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq-100 Index, was up 0.66%, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;138z7gr&#x2A;_gcl_au&#x2A;MjA5Njc0MjY1My4xNzQwODM2NTUw&#x2A;_ga&#x2A;R1MxLjEuMTc0NDY0ODA3Mi4yLjAuMTc0NDY0ODA3NS4wLjAuMA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NTgyOTMzMy4xLjEuMTc0NTgyOTYyMy4wLjAuMA..">Benzinga Pro</a>&nbsp;data.



Cues From Last Session:



Almost all S&amp;P 500 sectors closed in the green on Tuesday, barring the energy sector, which was down 0.29%. The index was up 0.58%, marking its sixth-straight winning day, the longest streak since November of 2024. The Dow Jones was up 0.75%, and the Nasdaq Composite by 0.55%.



Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), and Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) reported strong earnings, while Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) <a href="https://benzinga.com/news/earnings/25/04/45084597/starbucks-misses-q2-earnings-estimates-ceo-says-optimism-has-turned-into-confidence-i-see-more-opportunity-than-i-imagined">fell short of estimates</a> during its second quarter results on Tuesday.



Economic data was disappointing, with the S&amp;P Case-Shiller Home Price Index (20 Cities) up 4.5%, below estimates at 4.8%, followed by Consumer Confidence at 86.0, below the median forecast at 87.3, and finally, the Total Job Openings for March came in at 7.3 million, below the forecast at 7.5 million.



As of Tuesday, the Nasdaq 100 index was down 12.04% from its previous high of 22,222.61 points. The S&amp;P 500 index was 9.54% lower, as compared to the last record high of 6,147.43 points. On the other hand, Dow Jones was 10.08% down from its 52-week high of 45,073.63 points.



The Dow Jones index jumped 300 points or 0.75% to 40,527.62, whereas the S&amp;P 500 index surged 0.58% to 5,560.83. Nasdaq Composite ended 0.55% higher at 17,461.32, and the small-cap gauge, Russell 2000, also advanced 0.56% to 1,976.52.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td class="has-text-align-center" data-align="center">Index</td><td class="has-text-align-center" data-align="center">Performance (+/-)</td><td class="has-text-align-center" data-align="center">Value</td></tr><tr><td class="has-text-align-center" data-align="center">Nasdaq Composite</td><td class="has-text-align-center" data-align="center">0.55%</td><td class="has-text-align-center" data-align="center">17,461.32</td></tr><tr><td class="has-text-align-center" data-align="center">S&amp;P 500</td><td class="has-text-align-center" data-align="center">0.58%</td><td class="has-text-align-center" data-align="center">5,560.83</td></tr><tr><td class="has-text-align-center" data-align="center">Dow Jones</td><td class="has-text-align-center" data-align="center">0.75%</td><td class="has-text-align-center" data-align="center">40,527.62</td></tr><tr><td class="has-text-align-center" data-align="center">Russell 2000</td><td class="has-text-align-center" data-align="center">0.56%</td><td class="has-text-align-center" data-align="center">1,976.52</td></tr></tbody></table></figure>



Insights From Analysts:



Chartered Market Technician, Ryan Detrick, says that the markets have ended up higher in May for 9 of the past 10 years, posting a graphic on X to illustrate his point.



See Also: <a href="https://www.benzinga.com/personal-finance/25/04/45088278/american-express-says-the-rich-are-still-dining-out-and-living-large-while-everyone-else-braces-for-recession-tariffs-and-skyrocketing-prices" target="_blank" rel="noreferrer noopener">American Express Says the Rich Are Still Dining Out and Living Large — While Everyone Else Braces for Recession, Tariffs, and Skyrocketing Prices</a><a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Before you Sell in May, just remember this month has been higher 9 of the past 10 years. <a href="https://t.co/8jE4OEvWpG">pic.twitter.com/8jE4OEvWpG</a>&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1917211015969677603?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The average returns in May over the past 10 years stand at 0.9%, with a median of 1.1%. However, it is worth noting that this is a relatively new phenomenon. A few years ago, &#8220;Sell In May &amp; Go Away&#8221; was a <a href="https://www.benzinga.com/general/social-media/25/04/45076599/sell-in-may-and-go-away-only-in-bear-markets-one-expert-says">popular adage in the markets</a>, since the markets were known to underperform in the Summer months.



Upcoming Economic Data:



Here&#8217;s what investors will be watching on Wednesday,



<ul>
<li>The ADP Employment figures are set to be released by 8:15 AM ET. </li>



<li>The first quarter GDP data, along with the Employment Cost Index at 8:30 AM ET. </li>



<li>Chicago Business Barometer (PMI) for April, which is scheduled to be unveiled by 9:45 AM ET. </li>



<li>Consumer Spending, PCE Index, Core PCE Index, and Pending Home Sales, all scheduled for 10:00 AM ET on Tuesday morning.</li>
</ul>



Stocks In Focus:



<ul>
<li>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is up 0.19% pre-market, as investors await the tech giant&#8217;s quarterly results after markets close on Wednesday evening. Analysts expect $3.22 per share in earnings, on $68.4 billion in revenue. </li>



<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is down 0.50% in pre-market trade, as investors wait for its quarterly results, scheduled to be announced after markets close. Analysts expect $5.21 per share, on $41.4 billion in revenue. </li>



<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is trading up 0.84% pre-market, ahead of its second quarter results scheduled for after markets close. Earnings are expected at $2.82 per share, on $10.7 billion in revenue. </li>



<li>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) is down 0.16% pre-market, with the company set to release its quarterly results after markets close. Consensus estimates peg earnings at $8.08 per share, on $3.01 billion in revenue. </li>



<li>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) is rather flat pre-market, down just 0.02% at the time of writing this. The company is expected to release its quarterly results on Wednesday morning, before markets open, with analysts expecting $4.35 per share in earnings, on $14.6 billion in revenue.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures remain on their losing streak, down 0.91% in the early New York session, dipping below the key support level of $60, currently trading at $59.85 a barrel.



Gold Spot US Dollar is down yet again, by 1.14%, hovering around 3,285.48 per ounce, down from its record high of $3,500.33 per ounce last week. The U.S. Dollar Index is up 0.16%, trading at the 99.3969 level.



Asian markets rose on Wednesday, with Japan's Nikkei, India's Nifty 50, China's Shenzhen, and Australia's ASX 200 posting gains. South Korea's Kospi finished flat with a slight dip, while New Zealand's NZX 50 closed lower.



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45060872/peter-schiff-calls-out-trump-coin-gala-invite-hunter-biden-is-already-being-outdone" target="_blank" rel="noreferrer noopener">Peter Schiff Calls Out ‘TRUMP' Coin Gala Invite: ‘Hunter Biden Is Already Being Outdone'</a></li>
</ul>



Photo: Shutterstock

KLAC

NXPI

QCOM

SBUX

US Stock Futures Fall After Tuesday Rally, But History Favors Bulls: Markets Rose 9 Of Last 10 Mays, Says Expert

Economist Peter Schiff criticized President Donald Trump on Tuesday for reportedly pressuring Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos to abandon plans that would show consumers the cost of tariffs on product prices.



What Happened: &#8220;Apparently, Trump called Bezos personally to &#8216;convince&#8217; him not to honestly inform consumers about the taxes they&#8217;re paying when they buy goods on Amazon,&#8221; Schiff wrote on X. &#8220;I don&#8217;t like this at all. This is the type of stuff you might expect to see in China, our supposed enemy in the trade war.&#8221;



Schiff defended Amazon&#8217;s <a href="https://www.benzinga.com/media/25/04/45086459/amazon-pressures-suppliers-for-discounts-may-show-tariff-related-costs-on-haul-site">reported consideration to display tariff costs</a>, arguing that &#8220;consumers have a right to know how much tax they are paying&#8221; and questioning the White House&#8217;s characterization of such transparency as a &#8220;hostile and political act.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Apparently, Trump called Bezos personally to &quot;convince&quot; him not to honestly inform consumers about the taxes they&#39;re paying when they buy goods on Amazon. I don&#39;t like this at all. This is the type of stuff you might expect to see in China, our supposed enemy in the trade war.&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1917254205309382805?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The controversy emerged after reports that Amazon might <a href="https://www.benzinga.com/media/25/04/45086459/amazon-pressures-suppliers-for-discounts-may-show-tariff-related-costs-on-haul-site">display tariff costs next to product prices</a>. While Amazon denied plans for its main site, the company acknowledged considering the idea for its Haul website, which sells items under $20.



See Also: <a href="https://www.benzinga.com/news/earnings/25/04/45089879/paypal-says-buy-now-pay-later-users-spend-33-more-make-17-more-transactions-pushes-for-global-rollout">PayPal Says &#8216;Buy Now, Pay Later&#8217; Users Spend 33% More, Make 17% More Transactions—Pushes For Global Rollout</a>



Why It Matters: Trump, who has imposed tariffs of up to 145% on Chinese imports and a 10% minimum tax on goods from other countries, confirmed the call with Bezos, telling reporters, &#8220;Jeff Bezos was very nice. He was terrific. He solved the problem very quickly.&#8221;



White House Press Secretary Karoline Leavitt condemned Amazon&#8217;s potential move as a &#8220;hostile and political act.&#8221;



The disagreement unfolds as Amazon navigates challenges from Trump&#8217;s tariff policies, which analysts at Goldman Sachs expect could affect 6%-12% of the <a href="https://www.benzinga.com/media/25/04/45086459/amazon-pressures-suppliers-for-discounts-may-show-tariff-related-costs-on-haul-site">e-commerce giant&#8217;s operating margins in 2025.</a>



Price Action: Amazon stock closed at $187.39 on Tuesday, down 0.17% for the day. In after-hours trading, the stock slipped further to $186.41, a decline of 0.52%. Year to date, Amazon shares have dropped 14.91%, or $32.83, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.



Despite demonstrating strong momentum and ranking well on growth metrics, the e-commerce giant faces a negative price trend in the short to long term, according to Benzinga Edge&#8217;s Stock Ranking. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more.</a>



Photo Courtesy: Jonah Elkowitz on Shutterstock.com



Read Next: 



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<li><a href="https://www.benzinga.com/media/25/04/45089307/trump-says-hes-already-ended-inflation-at-michigan-rally-held-to-mark-100-days-in-office-promises-to-protect-medicare-and-social-security-democrats-plan-senate-ba">Trump Says He&#8217;s &#8216;Already Ended Inflation&#8217; At Michigan Rally Held To Mark 100 Days In Office, Promises To Protect Medicare And Social Security — Democrats Plan Senate Barrage</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMZN

Trump's Call To Jeff Bezos Over Amazon's Tariff Display Earns Peter Schiff's Ire: 'Type Of Stuff You Might Expect To See In China'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is drawing renewed investor interest despite recent setbacks, as Tom Lee, Head of Research at Fundstrat Global Advisors, identifies potential recovery signals amid extremely negative sentiment.



What Happened: Lee described Tesla as a &#8220;washed out&#8221; stock in a post on X on Tuesday, where he shared an analysis by Roy Mattox, Chief Market Strategist at Integrated Financial Strategies. 



Mattox revealed that his team initiated a pilot position in Tesla after the stock broke above its 200-day moving average and surpassed the $291.85 pivot point, following a sharp decline. 



Mattox acknowledged the move as an &#8220;unorthodox&#8221; and creative entry, driven not by recent earnings, which he characterized as a &#8220;horrible quarter.&#8221; Specifically, the investment is based on optimism around Tesla&#8217;s upcoming autonomous and robotaxi initiatives, as well as the anticipated rollout of the Optimus robot.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> &#x1f447; A ‘washed out' stock <a href="https://t.co/XRsbpiunuQ">https://t.co/XRsbpiunuQ</a>&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1917323549003366739?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price">Meta CEO Mark Zuckerberg Says AI Won&#8217;t Just Be About Free Tools And Ads — Some People Will Pay A Fortune To Deploy Armies Of Digital Workers</a> Why It Matters: The investment comes as the President Donald Trump administration begins <a href="https://www.benzinga.com/25/04/45001024/trump-administration-announces-exemptions-for-autonomous-driving-companies-in-the-us-eases-self-driving-crash-report-requirements">easing regulatory hurdles for autonomous driving companies</a>. 



The National Highway Traffic Safety Administration is updating regulations to allow domestic autonomous vehicle manufacturers exemptions to U.S. Auto Safety Standards <a href="https://www.benzinga.com/25/04/45001024/trump-administration-announces-exemptions-for-autonomous-driving-companies-in-the-us-eases-self-driving-crash-report-requirements">previously reserved for imported vehicles</a>, according to Transportation Secretary Sean Duffy.



These regulatory changes could boost Tesla&#8217;s prospects as the company recently launched limited autonomous ride-hailing services in Austin and San Francisco, with Musk promising that &#8220;10 to 20&#8221; Model Ys will offer <a href="https://www.benzinga.com/markets/25/04/44979720/teslas-robotaxi-launch-in-june-will-likely-be-a-non-event-says-gary-black-this-isnt-really-a-test-market-its-an-experiment">paid robotaxi rides starting in June</a>.



Lee previously identified Tesla as a <a href="https://www.benzinga.com/markets/25/03/44549998/cathie-wood-sees-small-business-recovery-ahead-tom-lee-predicts-extremely-high-odds-of-a-v-shaped-ma">key indicator of broader market recovery</a>, noting the stock has already rebounded despite recent volatility from political scrutiny and concerns over CEO Elon Musk&#8216;s influence. 



Price Action: Tesla stock closed at $292.03 on Tuesday, up 2.15% for the day. In pre-market trading, the stock dipped 1.19% to $288.55. Year to date, Tesla shares are down 23%.



According to Benzinga Edge&#8217;s Stock Rankings, Tesla is outperforming Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), and Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) in terms of momentum, despite facing a short- to long-term downward price trend. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up for more insights</a>. Read Next: 



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<li><a href="https://www.benzinga.com/25/04/45093263/jetblue-in-talks-with-united-airlines-over-possible-partnership-report">JetBlue In Talks With United Airlines Over Possible Partnership: Report</a></li>
</ul>



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Regulations

LCID

RIVN

TSLA

Tom Lee Sees Recovery Signal In 'Washed Out' Tesla As Stock Breaks Key Level, Backed By Robotaxi And Optimus Hopes

Leading cryptocurrencies were muffled on Tuesday, but stocks rallied on indications that the United States was nearing a deal with a key trading partner.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:45 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-0.77%</td><td>$94,494.12</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+0.03%</td><td>$1,803.83</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.30%</td><td>$0.1758</td></tr></tbody></table></figure>



What Happened: Bitcoin continued to face resistance around $95,500 as trading volume dipped nearly 15% in the last 24 hours. Ethereum wobbled in the early $1,800 territory, with volumes down 9.63%



More than $180 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $120 million.&nbsp;



That said, over $630 million in Bitcoin short positions risked liquidation if the apex cryptocurrency rose to $98,000.



Bitcoin&#8217;s Open Interest dropped 2.27% in the last 24 hours, while more than 57% of Binance traders took short positions on the asset.



The market sentiment remained in "Greed," according to the Crypto Fear and Greed Index.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:45 p.m. ET)</td></tr><tr><td>Solayer (LAYER)</td><td>+9.31%</td><td>$3.21</td></tr><tr><td>Monero (XMR)</td><td>+4.63%</td><td>$272.48</td></tr><tr><td>Bonk (BONK)</td><td>+1.29%</td><td>$0.6561</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $2.96 trillion, following a drop of 0.74% in the last 24 hours.



Stocks moved further north on Tuesday. The Dow Jones Industrial Average lifted 300.03 points, or 0.75%, to end at 40,527.62. The S&amp;P 500 gained 0.58% to finish at 5,560.83. The tech-focused Nasdaq Composite added 0.55%, ending at 17,461.32.



On Tuesday, Commerce Secretary Howard Lutnick indicated that the U.S. has reached a <a href="https://www.benzinga.com/news/global/25/04/45082716/manufacturing-momentum-market-mirage-lutnick-dismisses-recession">definite trade deal</a> with an unnamed country. This comes a day after Treasury Secretary Scott Bessent hinted at a potential deal with India



Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) got a hiccup ahead of its first-quarter earnings after the <a href="https://www.benzinga.com/trading-ideas/movers/25/04/45067585/amazon-stock-tumbles-as-white-house-calls-tariff-visibility-plans-a-hostile-act">White House deemed "hostile"</a> the e-commerce giant's move to show tariffs on products. That said, the stock recovered nearly all of its initial sell-off at market close.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Widely followed cryptocurrency analyst Greg Miller was confident Bitcoin would break out from the ascending triangle pattern.



"Price is holding strong, and the setup is clean—$98,300 might be coming sooner than we think," Miller predicted.&nbsp;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> looks ready to break out from this ascending triangle &#x1f4c8; Price is holding strong, and the setup is clean — $98.3k might be coming sooner than we think. Just staying patient and riding the trend. Let's see how this plays out. <a href="https://t.co/9km1G8OauL">pic.twitter.com/9km1G8OauL</a>&mdash; Greg Miller (@greg_miller05) <a href="https://twitter.com/greg_miller05/status/1917279169739686306?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Chartist and trader Ali Martinez also anticipated a new bull rally for Bitcoin, citing the golden cross between the MVRV Ratio and its 365-day SMA.



MVRV, a shorthand for Market Value to Realized Value, is a ratio used to assess the value of a cryptocurrency by comparing its current market value to its realized value.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A golden cross between the MVRV Ratio and its 365-day SMA could mark the start of a new bull rally for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. One to watch closely! <a href="https://t.co/BrDrNOfgEY">pic.twitter.com/BrDrNOfgEY</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1917251279472189450?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo: Igor Faun/Shutterstock



Read Next:    



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45060872/peter-schiff-calls-out-trump-coin-gala-invite-hunter-biden-is-already-being-outdone">Peter Schiff Calls Out &#8216;TRUMP&#8217; Coin Gala Invite: &#8216;Hunter Biden Is Already Being Outdone&#8217;</a></li>
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Cryptocurrency

$BTC

$DOGE

$ETH

Bitcoin, Ethereum Flat, Dogecoin Dips Amid Trade Deal Hopes: Analyst Says BTC Price 'Holding Strong' And Setup Clean For Push To $98,300

PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) is seeing strong momentum with its "Buy Now, Pay Later" services, with significantly higher user engagement and larger transaction sizes, as it expands the offering globally.



What Happened: During its <a href="https://www.benzinga.com/news/earnings/25/04/45067312/paypal-earnings-beat-but-slower-spending-and-checkout-use-weigh-on-results">first quarter earnings</a> on Tuesday, PayPal highlighted key developments in its Buy Now, Pay Later (BNPL) service, a short-term financing option that lets consumers defer payments on purchases, starting with a 0% APR, and no late fees.



BNPL users spend 33% more per transaction than PayPal's overall average of $69.53, the company said. They also complete 17% more transactions than the average of 59.4 per active account over the past 12 months.



See More: <a href="https://www.benzinga.com/25/04/45089384/cathie-wood-bets-against-mark-zuckerbergs-meta-ahead-of-crucial-earnings-report-loads-up-on-this-amazon-rival">Cathie Wood Bets Against Mark Zuckerberg&#8217;s Meta Ahead Of Crucial Earnings Report, Loads Up On This Amazon Rival</a>



Although PayPal launched its BNPL service in 2020, the company credits recent gains to its improved pay sheet that clearly showcases its full range of payment options. The service has also received greater visibility through marketing campaigns, including one featuring actor Will Ferrell.



Despite inherent credit risks tied to BNPL offerings, PayPal CFO Jamie Miller has said that charge-off rates remain stable and are improving. &#8220;In particular with respect to the consumer portfolios, we've actually seen delinquencies over the last 30 days improve,&#8221; Miller said on the earnings call.



The company&#8217;s CEO, Alex Chriss, considers BNPL a key growth lever going forward, with plans for an international rollout this year.



&#8220;We will continue to lean into BNPL throughout this year with targeted consumer awareness campaigns in the U.K. and Germany and continued investment in other priority global markets including Australia, France, Italy, and Spain,&#8221; Chriss said on the call.



Why It Matters: The BNPL market has surged in recent years, with the market <a href="https://www.benzinga.com/markets/equities/24/01/36697045/the-rise-of-buy-now-pay-later-in-2024">expected to touch</a> $1 trillion by 2027, led by PayPal, and its peers such as Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), Klarna, and AfterPay, which is now owned by Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>).



While analysts have cautioned against <a href="https://benzinga.com/news/25/02/43888952/americans-owe-a-record-1-21-trillion-in-credit-card-debt-expert-warns-theres-no-end-in-sight">rising BNPL debt</a> and overindulgence by consumers in the past, the company&#8217;s steady charge-off rates and low delinquencies have dismissed these concerns.



Price Action: PayPal stock was up 2.14% on Tuesday, but is down 0.26% after-hours, following the company&#8217;s first quarter earnings.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29223833/Screenshot-2025-04-30-at-8.08.20-AM-1024x136.png" alt="" class="wp-image-893944" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29223833/Screenshot-2025-04-30-at-8.08.20-AM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29223833/Screenshot-2025-04-30-at-8.08.20-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29223833/Screenshot-2025-04-30-at-8.08.20-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29223833/Screenshot-2025-04-30-at-8.08.20-AM-1536x204.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29223833/Screenshot-2025-04-30-at-8.08.20-AM.png 1598w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



PayPal doesn&#8217;t fare too well on Benzinga&#8217;s Edge Stock Rankings, with low scores across the board, and unfavorable price trends in the short, medium, and long term. How does it compare with peers such as Affirm and Block? Sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> to find out.



Photo Courtesy: BigTunaOnline On Shutterstock.com



Read More: <a href="https://www.benzinga.com/personal-finance/25/04/45088278/american-express-says-the-rich-are-still-dining-out-and-living-large-while-everyone-else-braces-for-recession-tariffs-and-skyrocketing-prices">American Express Says the Rich Are Still Dining Out and Living Large — While Everyone Else Braces for Recession, Tariffs, and Skyrocketing Prices</a>

AFRM

PYPL

PayPal Says 'Buy Now, Pay Later' Users Spend 33% More, Make 17% More Transactions—Pushes For Global Rollout

On his <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/04/45069781/trumps-first-100-days-what-he-delivered-where-he-fell-short-how-markets-reacted">100th day in office</a> during his second term, President Donald Trump returned to a familiar setting — a rally stage in Michigan — to energize supporters, defend his policies, and lash out at critics as Democrats prepared a coordinated protest in the Senate.



What Happened: On Tuesday, before a crowd in the battleground state he flipped in 2024, Trump touted his administration's economic record, declaring, "We've already ended inflation," and vowed further spending cuts to boost growth, <a href="https://www.washingtonpost.com/politics/2025/04/29/trump-presidency-news-100-days/">reported</a> The Washington Post.



"We will cut more than $1 trillion in wasteful and unnecessary spending," he stated, adding, "We will end inflation, slash prices — we've already ended inflation — raise wages and give you the greatest economy in the history of the world."



In a speech that echoed his campaign rallies, Trump <a href="https://www.benzinga.com/25/01/42980742/trump-off-hook-in-2020-election-case-special-counsel-smith-says-evidence-was-sufficient-to-obtain-and-sustain-a-conviction">repeated false claims</a> about the 2020 election and accused Democrats of trying to influence the 2024 outcome. "That's their single greatest trait," Trump said, the report noted.



See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44999959/how-the-us-china-trade-war-is-unintentionally-boosting-demand-for-intels-older-chips-amid-economic-uncertainty" target="_blank" rel="noreferrer noopener">Intel's Older Parts Are In Demand Thanks To US-China Trade War: ‘Tariffs Have Everybody Hedging Their Bets,' Says Executive</a>



The president also defended his <a href="https://www.benzinga.com/media/25/04/44891977/pete-hegseth-shared-yemen-strike-details-in-another-signal-group-chat-this-time-with-his-wife-brother-and-personal-lawyer-report">embattled defense secretary</a>, Pete Hegseth, calling him a "tough cookie."



He also said <a href="https://www.benzinga.com/government/25/04/45064937/donald-trump-threatens-to-veto-any-gop-bill-that-touches-medicaid-or-social-security-if-it-cuts-it-i-would-not-approve">Republicans will defend Medicaid</a>. "We will always protect Medicare and Social Security for our great seniors with no cuts, and we will defend Medicaid for those great people that are in need,"



Trump said, despite criticism from Democrats and analysts who argue his budget plan would force cuts.



The President also saved some of his sharpest criticism for Democratic figures, including Sen. Bernie Sanders (I-VT) and Rep. Alexandria Ocasio-Cortez (D-NY), and <a href="https://www.benzinga.com/general/politics/23/09/34249216/trump-goes-all-in-on-his-nickname-for-biden-sleepy-joe-becomes-crooked-joe-says-indicted-former-">mocked former President</a> Joe Biden, polling the crowd on whether to call him "Sleepy Joe" or "Crooked Joe," the report said.



Meanwhile, Democratic senators intend to spend hours on the Senate floor Tuesday evening criticizing Trump's first 100 days in office, the report added.



Why It's Important: Trump has completed 100 days of his second term, with mixed progress on key 2024 campaign promises.



He's largely delivered on immigration <a href="https://www.benzinga.com/markets/equities/25/04/45032435/trump-tariffs-prompt-suspension-of-chinese-factory-operations-and-shift-to-new-markets">and tariffs</a>, imposing a 10% import tax and targeting trade imbalances. Gas prices are down, but grocery costs have risen due to tariffs.



His vow to end the Ukraine war <a href="https://www.benzinga.com/25/04/44888482/trump-set-ultimatum-for-russia-ukraine-peace-talks-not-going-to-continue-with-this-endeavour-for-weeks-and-months-says-secretary-of-state-marco-rubio">remains unmet</a>, though diplomatic efforts are underway.



Trump also signed an executive order banning transgender athletes from women's sports and <a href="https://www.benzinga.com/news/25/01/43088148/trump-pardons-1500-jan-6-defendants-including-key-proud-boys-figures-after-bidens-final-hour-clemency">pardoned over 1,500 people</a>, including Jan. 6 defendants.



Economic pledges like tax cuts on tips and overtime remain unfulfilled. The Associated Press rates four promises as kept, 15 in progress, and five as "complicated."



Photo Courtesy: Rawpixel.com on Shutterstock.com



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/25/04/45005825/us-has-tons-of-solutions-to-secure-rare-earth-production-if-china-halts-exports-experts-say-but-warn-of-significant-challenges" target="_blank" rel="noreferrer noopener">US Has ‘Tons Of Solutions' To Secure Rare Earth Production If China Halts Exports, Experts Say, But Warn Of Significant Challenges</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Media

Trump Says He's 'Already Ended Inflation' At Michigan Rally Held To Mark 100 Days In Office, Promises To Protect Medicare And Social Security — Democrats Plan Senate Barrage

Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are tanking in Tuesday&#8217;s after-hours session after the company reported preliminary results for its <a href="https://www.benzinga.com/pressreleases/25/04/b45084091/supermicro-provides-third-quarter-fiscal-2025-business-update-and-preliminary-financial-results">fiscal third quarter</a>.



What Happened: Super Micro reported weak preliminary results for the third quarter after market close, citing delayed customer platform decisions that moved sales into the fourth quarter.



The company now expects to report third-quarter revenue of $4.5 billion to $4.6 billion, down from prior guidance of $5 billion to $6 billion. Super Micro also expects third-quarter adjusted earnings to be in the range of 29 cents to 31 cents per share, down from prior guidance of 46 cents to 62 cents per share. 



Super Micro further noted that GAAP and non-GAAP gross margin for the third quarter was 220 basis points lower than the second quarter, primarily due to &#8220;higher inventory reserves resulting from older generation products and expedite costs to enable time-to-market for new products.&#8221;



One bright spot from the release is that new generation product designs were &#8220;robust,&#8221; the company said.



Super Micro will report audited results for the <a href="https://www.benzinga.com/calendars/earnings">third quarter</a> after the market close on May 6. Company executives will further discuss the shortfall on a conference call scheduled for 5 p.m. ET that day. 



<a href="http://benzinga.com/quote/smci">Super Micro Computer shares</a> were down 16.64% after hours, trading at $30.05 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.



Other chip companies were facing selling pressure following the preliminary release, including NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), down 1.84%; Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), down 1.86% and Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), down 4.87% at $89.21 for after-hours Tuesday.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/45033025/nvidia-faces-new-challenge-as-huawei-tests-powerful-ascend-910d-ai-chip-amid-us-sanctions-aiming-to-disrupt-high-end-market-report">Nvidia Faces New Challenge As Huawei Tests Powerful Ascend 910D AI Chip Amid US Sanctions, Aiming To Disrupt High-End Market: Report</a></li>
</ul>



Photo: <a href="https://www.shutterstock.com/g/jackpress">jackpress</a>/Shutterstock.

After-Hours Center

DELL

NVDA

SMCI

Super Micro Computer Stock Is Tanking After Hours: What's Fueling The Sell-Off?

Tech company and Snapchat parent Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) reported first-quarter financial results after<a href="https://www.benzinga.com/earnings"> market close Tuesday.</a>



Here are the key highlights.



What Happened: Snap reported first-quarter revenue of $1.36 billion, up 14% year-over-year. The revenue total beat a Street consensus estimate of $1.35 billion according to data<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429"> from Benzinga Pro.</a>



The company reported an adjusted loss of 8 cents per share, beating a Street consensus estimate of a loss of 13 cents per share.



Snap had 460 million daily active users at the end of the first quarter, up 9% year-over-year. The company also passed the milestone figure of 900 million monthly active users, on its way to a goal of one billion MAU. &nbsp;



The company's adjusted EBITDA was $108 million in the quarter, an improvement of 137% year-over-year.



"We surpassed an important milestone in Q1, with our community growing to over 900 million monthly active users," Snap CEO Evan Spiegel said.



Spiegel said progress was made in advertising solutions and Snapchat+ subscriptions in the quarter.



Active advertisers in the quarter were up 60% year-over-year.



Read Also: <a href="https://www.benzinga.com/25/04/44832468/snapchat-rejection-resurfaces-as-mark-zuckerberg-defends-meta-in-ftc-trial-and-the-tech-mogul-still-thinks-he-couldve-done-it-better-we-would-have-accelerated-their-growth">Mark Zuckerberg Defends Meta In FTC Trial Over $6 Billion Offer To Acquire Snapchat: &#8216;We Would Have Accelerated Their Growth&#8217;</a>



 What's Next: Snap is not providing formal guidance for the second quarter.



"Given the uncertainty with respect to how macro economic conditions may evolve in the months ahead, and how this may impact advertising demand more broadly, we do not intend to share formal financial guidance for Q2," the company said.



Snap said its revenue has continued to grow, but there are headwinds at the start of the second quarter.



The company is guiding for daily active users to be 468 million in the second quarter.



"While there is uncertainty regarding the macro operating environment, we remain optimistic about the long term prospects for our business."



The company said it is optimistic about the progress it made with its ad platform, the growth of Snapchat+, and because of its strong balance sheet.



"We will remain focused on executing against our strategic priorities of growing our community and improving depth of engagement, driving top line revenue growth and diversifying our revenue sources, and building toward our long term vision for augmented reality (AR)."



SNAP Price Action: Snap stock is down 12% to $8.00 in after-hours trading versus a 52-week trading range of $7.08 to $17.33. Snap shares were up 2.9% to $9.09 in the intraday trading session.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/03/44527218/snap-ceo-says-a-perfect-snapchat-employee-has-these-3-qualities">Snap CEO Says A &#8216;Perfect&#8217; Snapchat Employee Has These 3 Qualities</a></li>
</ul>



Photo: Shutterstock

Social Media

SNAP

Snap Hits 900 Million Users, Beats Q1 Estimates, But Stock Slides On 'Uncertainty'

Major Wall Street investment banks are divided over how the dollar will move from here, yet much clarity could be just days away as a deluge of <a href="https://www.benzinga.com/news/econ-s">key economic data looms.</a>



In an outlook shared with clients last week, Wells Fargo's economics team, led by Nick Bennenbroek, expressed a bullish short-term stance on the U.S. dollar, calling the recent wave of depreciation &#8220;tactical&#8221; rather than the beginning of a structural trend.



"We expect the U.S. dollar to rebound in the immediate period ahead," the analysts said, suggesting the dollar will remain fundamentally supported before resuming trend strength into 2026.



<h3 class="wp-block-heading">Bearish Positioning Builds As Speculators Eye US Economic Weakness</h3>



 Speculative net short positions against the greenback — measured across 10 major currencies and the Dollar Index (DXY) — surged to $40 billion last week, the highest level since October 2023, according to Commodity Futures Trading Commission data.



The Dollar Index, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), has dropped 8% year-to-date, reaching its most oversold levels since December 2020 last week.



Technically, it is now 5.5% below its 200-day and 4.5% below its 50-day moving averages, underscoring how aggressive the recent selloff has been.



Wells Fargo indicated that unusual dynamics are pressuring the dollar, particularly the political noise and tariff volatility emanating from the U.S. 



"With the source of policy uncertainty and volatility coming out of the United States, market participants have sold dollar-denominated assets and moved away from Treasuries," they said. 



Yet, the team described this as &#8220;a transitory phenomenon,&#8221; not a fundamental reassessment of U.S. assets.



<h3 class="wp-block-heading">Goldman Sachs Sees Further Dollar Weakness Ahead</h3>



Over at Goldman Sachs, foreign exchange analyst Kamakshya Trivedi took the opposite side of the trade.



"Even after a swift move in recent weeks, we believe that the dollar has further to fall," Trivedi said. 



The investment bank highlights that the underperformance of U.S. assets and the reduction in global investors' enthusiasm for unhedged dollar assets could trigger a longer-lasting decline in the greenback.



Trivedi emphasized that investors may be overestimating the impact of short-term positioning while underestimating the structural reallocation already underway. 



"We are more focused on the likely shift in future allocations," he said, citing historical parallels where changes in investor appetite led to persistent exchange rate moves.



Goldman's concern is compounded by ongoing uncertainty around U.S. trade and monetary policy. 



While President Donald Trump's recent statements hint at potential tariff rollbacks and efforts to reassure markets — including backing off pressure on the Fed — the bank is unconvinced these efforts will quickly restore investor confidence.



<h3 class="wp-block-heading">Dollar Direction Hinges On Upcoming Macro Data</h3>



The next few trading days could be decisive for the dollar&#8217;s short-term fate, with several high-impact U.S. economic reports on deck:



<ul>
<li>Q1 2025 GDP (Wednesday): Expected to slow sharply from 2.8% in Q4 2024 to 0.4%, according to median economist consensus tracked by TradingEconomics.</li>



<li>Personal Consumption Expenditure (PCE) price index (Wednesday): Fed's preferred inflation gauge expected to cool to from 2.5% to 2.2% in March, with core PCE dropping from 2.8% to 2.6%</li>



<li>April Jobs Report (Friday): Forecasts see nonfarm payrolls at 135,000, down from 228,000, with unemployment steady at 4.2%</li>
</ul>



If the data confirm a softening U.S. economy, it could validate Goldman Sachs' bearish thesis, especially as investors price in earlier and deeper Federal Reserve rate cuts. 



On the flip side, any surprise economic resilience in jobs or inflation could lend weight to Wells Fargo's tactical dollar rebound call.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/04/45074861/us-consumer-expectations-falls-to-13-year-lows-as-recession-fears-inflation-worries-surge">US Consumer Expectations Falls To 13-Year Lows As Recession Fears, Inflation Worries Surge</a></li>
</ul>



Photo: Shutterstock

Currency ETFs

Dollar Under Pressure: Wall Street Split Widens Ahead Of High-Stakes US Data

President Donald Trump has now been back in the White House for 100 days, with Tuesday marking the 100th day of his second term, following his inauguration on <a href="https://www.benzinga.com/general/entertainment/25/01/43139381/how-many-people-watched-donald-trumps-2025-inauguration-spoiler-less-than-biden-four-years-ago" target="_blank" rel="noopener">January 20, 2025</a><a href="https://www.benzinga.com/general/entertainment/25/01/43139381/how-many-people-watched-donald-trumps-2025-inauguration-spoiler-less-than-biden-four-years-ago">.</a>



Here's a look at where Trump stands with his election promises, voter polls, signing of laws and executive orders and the stock market after his first 100 days.



Promises Made, Promises Kept?: Ahead of the<a href="https://www.benzinga.com/government/regulations/25/01/43085323/trump-sworn-in-as-47th-president-declares-golden-age-of-america-begins-right-now"> 2024 presidential election</a>, Trump made numerous campaign promises, including some that he said he would ensure were completed within his first 100 days.



Here were some of the larger campaign issues and where Trump stands today.



<ul>
<li>Immigration: still in progress, but has mostly done what he said he would do.</li>



<li>Bring down prices: mixed with gas and energy prices down, but the cost of groceries now rising related to tariffs.</li>



<li>Tariffs: Trump said he would deploy tariffs, and that's what he has done, with a 10% tariff on all imports and higher reciprocal tariffs on many countries. While the tariffs have been paused or changed multiple times, Trump's promise of tariffs came true.</li>



<li>Ukraine-Russia War: Trump promised to end the war in Ukraine on his first day in office, but that is far from being true. Still a work in progress, with Trump meeting with Ukrainian President Volodymyr Zelenskyy and talking to Russian President Vladimir Putin.</li>



<li>Men in Women's Sports: Trump promised to change rules for transgenders to keep men out of women's sports and this one he's done or is working on with an executive order signed to ban men from competing in women's sports.</li>



<li>Others: While the above were the larger campaign promises, Trump has also pardoned over 1,500 people, including those involved in the Jan. 6 attack on the U.S. Capitol, which was an election promise. Trump has also worked to end DEI initiatives in the U.S. government and had the Department of Government Efficiency focus on making job cuts and eliminating programs to achieve cost savings. Other promises of tax cuts, including no taxes on tips, no taxes on overtime pay, and no interest on car loans haven't happened yet.</li>
</ul>



A scorecard <a href="https://apnews.com/projects/trump-campaign-promise-tracker/">from </a>the Associated Press grades Trump's campaign promises as four kept, 15 in progress and five as "it's complicated. The scorecard above not counting the others category, shows two promises kept and three as in process or not done.



Read Also:<a href="https://www.benzinga.com/news/global/25/04/45047432/trump-says-i-run-the-country-and-the-world-yet-polls-plummet"> Trump Says &#8216;I Run The Country And The World,&#8217; Yet Polls Plummet</a>



Laws and Executive Orders: When it comes to signing executive orders, Trump has been busy, having signed <a href="https://www.federalregister.gov/presidential-documents/executive-orders/donald-trump/2025" target="_blank" rel="noopener">over </a>130 since becoming president. While this leads to the claim that Trump has been one of the most productive presidents in history, it's essential to understand that this is based on executive orders, not laws passed.



As reported by <a href="https://punchbowl.news/article/white-house/trump-bills-first-hundred-days/">Punchbowl</a>, Trump has signed fewer bills into law in his first 100 days than any other new president in the last 70 years. Since taking office, Trump has signed only five bills into law, with the main one being the Laken Riley Act and the others being a stopgap funding bill to avoid a government shutdown and Congressional Review Acts to overturn regulations from the previous administration.



To put the figure into perspective, the report highlights that in the first 100 days of his last presidency, Trump had signed 28 bills into law.



The White House likes to highlight the number of executive orders signed by Trump in the first day closing in on the total number signed by President Joe Biden (162) during his entire presidency, but some presidents don't sign as many executive orders and focus on signing bills into law.



Executive orders are used to tell federal agencies how to enforce laws as long as it does not violate the Constitution or any federal laws, which in some cases have already been tested by the courts.



Voter Polls: Trump won the 2024 presidential election in both the Electoral College vote (312 to 226) and the popular vote (49.8% to 48.3%). Trump also has majority control in both the House and Senate.



While Trump may have been popular with around 50% or more of voters ahead of the 2024 election, he has lost support in the first 100 days. Along with losing support and having lower favorability ratings, Trump is also losing approval in key categories like handling of the economy.



A recent Morning Consult <a href="https://pro.morningconsult.com/trackers/donald-trump-congress-policy-republicans-polling?utm_source=briefing&amp;utm_medium=email&amp;utm_campaign=washington_am&amp;utm_content=042225">poll </a>found that 49% of voters disapprove of Trump's handling of the economy, which marks his worst net approval rating in the category.



A recent New York Times/Siena College<a href="https://www.benzinga.com/news/25/04/45027947/trumps-second-term-viewed-as-chaotic-and-scary-by-majority-of-voters"> poll</a> uses words like "chaotic" and "scary" to describe Trump's first 100 days in office. In the poll 66% of voters say Trump's second term is "chaotic," while 59% say the second term is "scary."



When asked about specific issues in the poll, voters gave Trump negative ratings across all categories, with his actions on immigration getting the highest approval rating of 47%. Trump's overall approval rating in the poll was 42%.



A newer Associated Press-NORC Center for Public Affairs Research poll<a href="https://www.benzinga.com/markets/equities/25/04/45027881/trumps-approval-plummets-as-tariffs-bite-americans-expect-skyrocketing-prices-and-shrinking-wallets"> found that rising costs</a> and Trump's handling of the economy hurt his overall approval rating.



In the poll, around 60% of voters said they disapproved of Trump's handling of the economy, with nearly 75% predicting that tariffs will increase consumer prices.



Tariffs were negative in the poll, with 52% of voters saying they are against any tariffs and 59% of voters saying Trump took tariffs too far.



Trump didn't win the youth vote, but was able to take a larger percentage than Republican candidates had in recent presidential elections. Those same younger voters (aged 18 to 29) <a href="https://www.benzinga.com/news/events/25/04/44971154/trump-fails-to-impress-americas-young-shows-poll-as-they-still-favor-biden-only-15-think-us-on-right-track">are now speaking out </a>about the future of the country.



A new Harvard Youth Poll found that only 15% of young voters believe the nation is headed in the right direction. Fifty-one percent of the voters said the country is on the wrong track, with 31% currently unsure.



Trump's approval rating in the youth poll recently stood at 31%.



Stock Market Performance: The S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), is down 7.8% from its closing price on January 17, when Biden was still in office, to its current price.



The ETF closed at $597.58 on Jan. 17 before opening at $600.12 on Jan. 21 with optimism from investors for Trump's next term.



The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq 100, is down 9.5% over Trump's first 99 days in office. The ETF and index have fallen on tariff concerns, hurting the technology sector hard.



With Trump's first 100 days nearly complete, the president is setting new milestones, but not in a good way. &nbsp;



According to <a href="https://www.cnbc.com/2025/04/28/trumps-first-100-days-are-the-worst-for-the-stock-market-since-nixon.html">CNBC</a>, the 7.9% drop in the S&amp;P 500 through Friday was the worst start to a four-year term since Richard Nixon in 1973, citing data from CFRA Research.



In 1973, the S&amp;P 500 fell 9.9% in the first 100 days of Nixon&#8217;s presidency. For comparison, the S&amp;P 500 has an average return of 2.1% in the first 100 days of a presidency, dating back to 1944.



Also, keep in mind that recent presidents had some of the best stock market performances in their first 100 days in office. Here are the recent returns and their rating since 1944:



<ul>
<li>2009: Barack Obama, +8.4%, fourth best</li>



<li>2013: Barack Obama, +7.5%, sixth best</li>



<li>2017: Donald Trump, +5.0%, seventh best</li>



<li>2021: Joe Biden, +8.5%, third best</li>



<li>2025: Donald Trump, -7.9%, twentieth and second worst</li>
</ul>



Markets traded higher in November and December on the heels of Trump's win, with some of the largest companies in the world hitting new all-time highs. January and February also saw gains after Trump took office.



Attention shifted towards economic policies and foreign in March and April, with markets diving in April after Trump's tariff announcement.



What's Next: Trump's first 100 days represent a portion of the 1,461 days the president would have under his current term, or roughly 6.8%.



While the time marks only a small portion of Trump's term, the first 100 days are important because they often reveal what the entire four-year term could be about and how things may play out.



Industry experts <a href="https://www.franklintempleton.com/articles/2025/institute/quick-thoughts-trumps-first-100-days-economic-impact-and-market-insights">believe </a>that Trump and his administration have a "high tolerance" for market pain and are mainly focused on resetting the economy.



Trump and his team have oftentimes said there could be short-term pain in consumer prices and stock market gains, which is all a part of a plan to make Americans rich in the future.



Did You Know?



<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent042825">Get Tips On What They Bought And Sold With Our Easy-to-Use Tool</a></li>
</ul>



Read Next:



<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent042825"><img loading="lazy" decoding="async" width="1024" height="330" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/28215932/Picture1-4-1024x330.png" alt="" class="wp-image-891898" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/28215932/Picture1-4-1024x330.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/28215932/Picture1-4-300x97.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/28215932/Picture1-4-768x248.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/28215932/Picture1-4.png 1430w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/45066479/rare-bullish-signal-just-flashed-on-wall-street-will-it-power-sp-500-to-6000">Rare Bullish Signal Just Flashed On Wall Street: Will It Power S&amp;P 500 To 6,000?</a></li>
</ul>



Photo: noamgalai/Shutterstock

Politics

Trump's First 100 Days: What He Delivered, Where He Fell Short, How Markets Reacted

Wall Street rose modestly by midday Tuesday, as investors weighed the latest developments in trade negotiations and awaited a wave of key economic data and corporate earnings set for <a href="https://www.benzinga.com/25/04/45072497/us-trade-deficit-explodes-to-record-162-billion-in-march-as-import-frenzy-precedes-trumps-tariff-barrage">release later this week.</a>



President Donald Trump is <a href="https://apnews.com/article/trump-tariffs-automakers-factories-relief-25a400c98e02c01c8c54502384e267e1">expected</a> to unveil a new executive order on auto tariffs later today. Meanwhile, U.S. Treasury Secretary Bessent added that the administration is pursuing bilateral trade agreements with 17 major partners, excluding China.



The S&amp;P 500 climbed 0.4%, putting it on track for a sixth consecutive gain—its longest winning streak since November 2024.



In the bond market, U.S. Treasuries extended their rally, with yields falling for a sixth straight session. The yield on the 10-year benchmark dropped to 4.17%, marking a two-week low.



Gold prices slipped 0.6% to $3,325 per ounce, while WTI crude oil futures fell 2.4% to $60 per barrel, the lowest level in two weeks. Oil prices are under pressure from escalating global trade tensions and weaker U.S. economic data, and crude is now on track for a 15% decline in April—its steepest monthly drop since 2021.



Bitcoin traded little changed, around $95,000.



<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg</td><td>1-day %</td></tr><tr><td>Dow Jones</td><td>40,513.32</td><td>+285.73</td><td>0.7%</td></tr><tr><td>S&amp;P 500</td><td>5,548.89</td><td>+20.14</td><td>0.4%</td></tr><tr><td>Nasdaq 100</td><td>19,468.38</td><td>+41.09</td><td>0.2%</td></tr><tr><td>Russell 2000</td><td>1,969.38</td><td>+3.83</td><td>0.2%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:40 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.4% up to $552.91.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.7% to $404.9.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;edged 0.3% higher to $473.78.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.5% to $195.96.</li>



<li>The&nbsp;Materials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 0.8%; the&nbsp;Energy&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 0.5%.</li>
</ul>



<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>



Stocks moving on earnings report included:



<ul>
<li>Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>): down 0.6%</li>



<li>Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>): up 4.0%</li>



<li>Brown &amp; Brown, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>): down 6.3%</li>



<li>Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>): up 0.9%</li>



<li>F5 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>): down 0.9%</li>



<li>Alexandria Real Estate Equities Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>): down 6.7%</li>



<li>Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>): down 1.0%</li>



<li>S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>): up 2.7%</li>



<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>): up 5.0%</li>



<li>American Tower Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>): up 4.3%</li>



<li>Sherwin-Williams Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>): up 5.2%</li>



<li>Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>): down 7.7%</li>



<li>Zebra Technologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>): up 6.1%</li>



<li>Ecolab, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>): up 2.2%</li>



<li>Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>): up 1.6%</li>



<li>Labcorp Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LH#NYSE">LH</a>): up 2.3%</li>



<li>Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>): down 1.6%</li>



<li>United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>): down 0.5%</li>



<li>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>): down 0.7%</li>



<li>PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>): up 1.9%</li>



<li>Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>): up 4.4%</li>



<li>Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>): up 0.8%</li>



<li>Sysco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>): up 0.4%</li>



<li>Xylem Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>): up 1.5%</li>



<li>Incyte Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>): up 1.5%</li>



<li>Altria Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>): up 0.7%</li>



<li>Corning, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>): up 2.5%</li>



<li>Paccar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>): down 3.0%</li>



<li>A.O. Smith Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>): up 4.0%</li>



<li>Kraft Heinz Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>): up 0.5%</li>



<li>Entergy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>): down 1.4%</li>
</ul>



Stocks slated to report earnings after the bell include Arch Capital Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NASDAQ">ACGL</a>), Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), Veralto Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>), Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Extendicare Inc. (TSE: EXE), Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Boston Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>), PPG Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>), Extra Space Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>), ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), CoStar Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>), Regency Centers Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>), Essex Property Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>), and Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>).



Now Read: 



<ul>
<li><a href="https://www.benzinga.com/25/04/45074861/us-consumer-expectations-falls-to-13-year-lows-as-recession-fears-inflation-worries-surge">US Consumer Expectations Falls To 13-Year Lows As Recession Fears, Inflation Worries Surge</a></li>
</ul>



Image: Shutterstock

Large Cap

ACGL

BKNG

CDNS

CSGP

FFIV

FICO

FSLR

INCY

MDLZ

PCAR

REGN

SPGI

VLTO

ZBRA

Stocks Surge And Bond Yields Fall For 6th Day, Oil Prices Drop To $60: What's Driving Markets Tuesday?

A rare and historically reliable bullish signal just flashed on Wall Street, and if history is any guide, the next few months could deliver double-digit gains <a href="https://www.benzinga.com/topic/expert-ideas">for the S&amp;P 500. </a>



In a note shared last week, Bank of America technical analyst Paul Ciana said the latest "breadth thrust" marked the fourth bullish signal for the S&amp;P 500 this year, potentially clearing the runway for a move toward 6,000 by year-end.



<h3 class="wp-block-heading">What's a Breadth Thrust And Why It Matters</h3>



A breadth thrust is a technical indicator used to identify the beginning of a new bull market or the acceleration of an existing uptrend. Rather than focusing on index levels, it looks at market breadth, which refers to the percentage of stocks participating in a rally.



&#8220;A breadth thrust means market breadth has improved from weak to strong over a short period of time,&#8221; Ciana wrote.



The most widely accepted definition comes from financial analyst Marty Zweig, who stated that a breadth thrust occurs when the 10-day moving average of advancing stocks divided by the total number of stocks rises from below 40% to above 61.5% within 10 trading days.



That happened on April 24, when the S&amp;P 500 closed at 5,484.77, confirming the 32nd such signal since 1927.



"Since 1939, the S&amp;P 500 was higher 100% of the time — 16 out of 16 — following a breadth thrust in both 130 and 190 trading days," Ciana said, adding that average returns stood at 17.1% and 19.6%, respectively.



&#8220;If the SPX falls below 5,484.77 in the second quarter – a risk from the death cross signal – then the breadth thrust signal favors buying,&#8221; the analyst added. 



<h3 class="wp-block-heading">What History Tells Us About Breadth Thrusts</h3>



Since 1939, breadth thrusts have been extremely reliable forward indicators. The table below summarizes how the S&amp;P 500 performed after the last 16 such signals:



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><thead><tr><th>Days After Signal</th><th>% Times Up</th><th>Avg Return</th></tr></thead><tbody><tr><td>130</td><td>100%</td><td>+17.1%</td></tr><tr><td>190</td><td>100%</td><td>+19.6%</td></tr><tr><td>250</td><td>93.8%</td><td>+21.3%</td></tr></tbody></table></figure>



<h3 class="wp-block-heading">Four Bullish Signals Light The Way</h3>



Bank of America now counts four recent technical indicators supporting a positive outlook for stocks, despite what it calls a &#8220;cyclical bear period&#8221; resembling the choppy years of 2022, 2018, 2015 and 2005.



The signals include:



<ul>
<li>A VIX volatility index spike above 45.</li>



<li>An NYSE 90% up day, where 90% of stocks advanced on a substantial volume (occurred on April 9, 2025).</li>



<li>An SPX death cross, a traditionally bearish event that in this case sets up a contrarian buy-the-dip opportunity.</li>



<li>The April 24 breadth thrust, now considered a powerful bullish confirmation.</li>
</ul>



Despite these bullish signals, the S&amp;P 500 is still grappling with technical hurdles. The index currently trades below its 200-day simple moving average, which sits around 5,746. 



Ciana indicated that a &#8220;cup and handle-like&#8221; base may be forming, with the potential to lift the index back toward its year-to-date highs. Yet, a drop below &#8220;the bull gap at 5,356-5,309&#8221; could invalidate this setup, making near-term market action crucial.



A push above 5,500-5,571 would favor a bullish wave count, projecting the index toward 6,000.



On Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) traded at $550, or about 10% below its all-time high of $613.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/45058829/jim-cramer-dismisses-recession-panic-says-tariffs-may-sting-but-too-many-jobs-for-economy-to-derail">Jim Cramer Dismisses Recession Panic: Says Tariffs May Sting, But Too &#8216;Many Jobs&#8217; For Economy To &#8216;Derail&#8217;</a></li>
</ul>



Photo: Shutterstock

Analyst Color

Technicals

Analyst Ratings

Rare Bullish Signal Just Flashed On Wall Street: Will It Power S&P 500 To 6,000?

There's little doubt the tariff wars have taken a toll on Americans' investment portfolios. And with the markets still in disrepair, nobody knows when stocks will stabilize.



"The situation is volatile, to say the least," said Doug Carey, a financial advisor at WealthTrace, a retirement planning consumer software company. "President Trump has the final word on how much tariffs will cost because he is using emergency powers, citing the International Emergency Economic Powers Act (IEEPA), passed in 1977. These moves may be struck down in court, but for now, he can use them."



To peg a reasonable timeframe, Benzinga reached out to select market experts for their views on a permanent "ceasefire" in the tariff wars, which could help calm anxious investors and encourage them to return to the market.



Here's what they had to say on when the markets will come back to sanity.



Doug Carey: There will likely be several signs that the market is set to rebound after the tariff issue is settled &#8211; or at least stabilized. "Look for the stock market to rise substantially and for the dollar to strengthen," Carey said. "Gold, which has increased over 25% this year due to the fear of a larger trade war, will do poorly if the tariff drama ends."



Carey said technology stocks were hurt the most by the fear of a trade war. "For those who believe that there will be an end to this drama soon, the tech sector is a good place to invest," he added.



Javier Palomarez, founder &amp; CEO of the United States Hispanic Business Council: "The clearest signal would be a statement from the Trump Administration that the tariffs are being walked away from, as a result of negotiations or whatever the case may be," Palomarez said. "However, it's worth noting that declining stocks also represent robust opportunities. Ideally, one would purchase their investments just before such a statement."



Palomarez advises investors to be vigilant about watching tariff trends – you don't want to miss the market rebound.



"If investors sold their stock at the low, it's critical to purchase it back before the market fully reacts to the signal that everything is clear, especially if you plan on investing in stocks that are vulnerable to future tariffs and regulations," Palomarez added. "Some investors may want to consider index funds or stocks in industries that are insulated from such rapid changes and regulatory uncertainty."



Chuck Zhang, CFO of PolyFlow, a decentralized payments company in Fair Lawn, N.J.: Last week, President Trump hinted at a possible shift in his trade stance with China, suggesting that the steep tariffs on Chinese imports will be substantially reduced. "His comments signal a softening in tone following weeks of escalating rhetoric and retaliatory measures that had driven tariffs on Chinese goods to over 145%," Zhang said. "While this would be a positive development in terms of de-escalation, the overarching trade policy remains assertive, contributing to the recent market volatility."



Zhang said he would advise investors to monitor several variables. "We're looking at a definitive resolution or rollback of tariffs; sustained rallies in equity markets, drops in the VIX volatility index, especially in sectors previously affected by tariffs; and overall improvements in global trade volumes, manufacturing indices, and corporate earnings," he said.



Investors should simultaneously evaluate asset allocations to achieve alignment with their long-term financial goals, considering a diversified mix of equities, bonds and other assets.​ "Then, as a general rule, prioritize investments in companies with strong balance sheets and consistent earnings," Zhen advised.



Jeff Weniger, head of equity strategy at the asset management firm Wisdom Tree: Weniger suspects the tariff issue is at the stage where the most aggressive bargaining chips are being methodically pulled off the table. "For example, India and Japan are priced at 84% and 77% probabilities, respectively, of coming to a trade deal with the Trump administration by July," he said. "Though other countries' probabilities are priced lower (China is 42%), this is a far cry from some of the intense pessimism that was being priced in earlier this summer."



For now, though, the worst of the drama is likely over. "The peak risk in markets was the 145% tariff on China, with similar reciprocity," Weniger added. "Those figures have been coming down for a few weeks, as has the tone of commentary from both the White House and Beijing."



Wenger also advised investors to keep an eye on volatility gauges such as the VIX index. "That index headed north of 60 on April 7th, a level of fear akin to readings that registered right after 9/11 and amid the bank and insurance company failures of late 2008," he added. "Fear levels on that order often precipitate heady gains in stocks."



<h2 class="wp-block-heading">Play The Tariff Game To Your Advantage</h2>



Other market experts say there is no clear sign that indicates the end of the tariff drama.



"This situation is not like a typical economic cycle with predictable patterns," said Julia Khandoshko, CEO at Mind Money, an international brokerage firm. "Instead, it resembles a new phase in global economics — what might one day be known as the &#8216;Tariff Wars of the 21st Century.'&#8221;



Khandoshko believes investors shouldn't wait for an obvious turning point, because one may never come. "Rather than looking for a specific event or announcement, they should integrate tariff risks into their long-term strategy," she said. "This means evaluating how particular companies might be impacted if tariffs are imposed on their goods or services."



Others agree, adding that tampering with the nation's Treasury market is a bad idea going forward.



"There may not be an &#8216;all clear&#8217; signal on tariffs because of politics," said David Russell, global head of market strategy at TradeStation Group in Chicago. "Officials may quietly backpedal on them without a lot of publicity. This crisis started with a bang, but it might end with a whimper."



Russell also offers a "lessons learned" factor for investors to absorb when the tariff-related carnage is over.



"Investors have learned that the bond market matters," he noted. "Our system relies on a functioning Treasury market, which requires a degree of foreign participation. Undermining that system threatens the foundation of the stock market and the entire economy."



<h2 class="wp-block-heading">Turn Earnings Reports Into Trading Opportunities</h2>



Over 160 companies reported earnings recently, including Walmart, Alibaba, and Rivian. Benzinga Edge gives you instant access to earnings surprises, market-moving insights, and expert-driven strategies to act fast. Unlock Your Edge <a href="https://www.benzinga.com/premium/ideas/benzinga-edge">HERE</a>



Editorial content from our Expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.



Photo: Shutterstock

Exclusives

Interview

How You'll Know When Tariff Troubles Are Finally Over

United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) shares rose in premarket trading Tuesday after the company posted better-than-expected <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b45061148/ups-releases-1q-2025-earnings" rel="noreferrer noopener">first-quarter 2025 results</a>.



UPS reported a consolidated revenue decline of 0.7% year-over-year to $21.546 billion, beating the consensus of $21.05 billion. Adjusted EPS was $1.49, up 4.3% YoY, above the consensus of $1.38.



GAAP results included a net charge of $83M ($0.09/share) tied to strategy costs and asset impairments, partially offset by a small tax benefit reversal.



The company consolidated operating profit of $1.763 billion, up 3.3% year over year. Adjusted operating profit rose 0.9%. Adjusted operating margin stood at 8.2%, up from 8.00% a year ago.



U.S. Domestic Segment revenue increased 1.4% to $14.46 billion, reflecting a 4.5% increase in revenue per piece and increases in air cargo. The adjusted operating margin stood at 7%.



International Segment revenue grew 2.7% to $4.373 billion, reflecting a 7.1% increase in average daily volume. The adjusted operating margin was 15%.



Supply Chain Solutions Segment revenue declined by 14.8% to $2.713 billion, driven by the Coyote divestiture. The adjusted operating margin was 3.6%.



Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/04/44696476/ups-expands-delivery-options-with-two-new-ground-services" rel="noreferrer noopener">UPS Expands Delivery Options With Two New Ground Services</a>



UPS' operating cash flow for the quarter totaled $2.318 billion, and free cash flow was $1.487 billion.



"As a trusted leader in global logistics, we will leverage our integrated network and trade expertise to assist our customers as they adapt to a changing trade environment. Further, the actions we are taking to reconfigure our network and reduce cost across our business could not be timelier. The macro environment may be uncertain, but with our actions, we will emerge as an even stronger, more nimble UPS," said Carol Tomé, UPS&#8217;s chief executive officer.



2025 Outlook: Amid ongoing macroeconomic uncertainty, UPS is holding off on updating its full-year outlook and will share Q2 expectations during its Q1 2025 earnings call.



Previous guidance: UPS expects revenue of ~ $89 billion, below the $95.01 billion consensus, and sees an adjusted operating margin of 10.8%.



The company plans $3.5 billion in capital spending, $5.5 billion in dividends (pending approval), $1 billion in share buybacks, and an expected 23.5% tax rate.



Price Action: UPS shares are trading higher by 0.95% at $98.01 premarket at the last check Tuesday.



Photo: Shutterstock

UPS Delivers Mixed Bag: Q1 Supply Chain Weakness Offset By Strong Domestic And International Growth

U.S. stock futures rose Tuesday morning as investors looked ahead to upcoming earnings reports and awaited greater market clarity throughout the week.



Things haven&#8217;t moved all that much on the trade and tariffs front, with Treasury Secretary Scott Bessent merely stating on Monday that <a href="https://www.benzinga.com/25/04/45038824/treasury-secretary-scott-bessent-says-its-up-to-china-to-de-escalate-trade-tensions-india-to-be-the-first-trade-deal-to-be-signed">it was up to China</a> to &#8220;de-escalate&#8221; trade tensions. Bessent also hinted at a potential trade deal with India, saying that &#8220;it would be one of the first deals we would sign,&#8221; which investors will be watching closely.



This is set to be a packed earnings week for Wall Street, with four of the &#8220;Mag 7&#8243;— Microsoft&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>),&nbsp;Meta&nbsp;Platforms&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>),&nbsp;Apple&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;and Amazon&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), set to release their quarterly results over the next couple of days.



On Tuesday, investors will be closely watching the results of several heavy-hitters, such as Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>), AstraZeneca PLC (NASDAQ:&nbsp;AZN), and Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>).



U.S. 10-Year Treasuries are at 4.23%, while the 2-Year Treasuries are at 3.70%. The CME Group's FedWatch&nbsp;<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&nbsp;shows the markets pricing a 91.1% likelihood of interest rates remaining unchanged during the FOMC meeting, the first week of May, marking a decline from Friday last week, at 95.3%, and Monday at 93.1%



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td class="has-text-align-center" data-align="center">Futures</td><td class="has-text-align-center" data-align="center">Change (+/-)</td></tr><tr><td class="has-text-align-center" data-align="center">Dow Jones</td><td class="has-text-align-center" data-align="center">0.28%</td></tr><tr><td class="has-text-align-center" data-align="center">S&amp;P 500</td><td class="has-text-align-center" data-align="center">0.20%</td></tr><tr><td class="has-text-align-center" data-align="center">Nasdaq 100</td><td class="has-text-align-center" data-align="center">0.21%</td></tr><tr><td class="has-text-align-center" data-align="center">Russell 2000</td><td class="has-text-align-center" data-align="center">0.19%</td></tr></tbody></table></figure>



The&nbsp;SPDR S&amp;P 500 Trust ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.04% on Monday, while the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq-100 Index was down 0.03%, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;138z7gr&#x2A;_gcl_au&#x2A;MjA5Njc0MjY1My4xNzQwODM2NTUw&#x2A;_ga&#x2A;R1MxLjEuMTc0NDY0ODA3Mi4yLjAuMTc0NDY0ODA3NS4wLjAuMA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NTgyOTMzMy4xLjEuMTc0NTgyOTYyMy4wLjAuMA..">Benzinga Pro</a> data. 



Cues From Last Session:



Almost all S&amp;P 500 sectors closed in the green on Monday, barring consumer staples and technology. While the index was up just 0.06%, it marked its fifth-straight winning day. There was no economic data released during the day, just a few earnings releases, which were mixed.



Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), Domino's Pizza Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>), and NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) were few of the companies that reported Monday, with most of them being a mixed bag, with hits and misses across consensus estimates.



See Also: <a href="https://www.benzinga.com/25/04/45057906/palantirs-defense-moat-ex-employee-reveals-how-pltr-could-dominate-ai-defenseamid-pricing-puzzles-and-competitive-pressures" target="_blank" rel="noreferrer noopener">Fortress Palantir: Former Insider Explains How PLTR Could Conquer The AI-Defense Battlefield Despite Pricing Puzzles And Competition</a>



As of Monday, the Nasdaq 100 is down 12.6% from its high of 22,222.61 points, the S&amp;P 500 is down 10% from 6147.43 points, and the Dow Jones Industrial Average is down 10.75% from 45,073.63 points.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td class="has-text-align-center" data-align="center">Index</td><td class="has-text-align-center" data-align="center">Performance (+/-)</td><td class="has-text-align-center" data-align="center">Value</td></tr><tr><td class="has-text-align-center" data-align="center">Nasdaq Composite</td><td class="has-text-align-center" data-align="center">-0.09%</td><td class="has-text-align-center" data-align="center">17,366.13</td></tr><tr><td class="has-text-align-center" data-align="center">S&amp;P 500</td><td class="has-text-align-center" data-align="center">0.06%</td><td class="has-text-align-center" data-align="center">5,528.75</td></tr><tr><td class="has-text-align-center" data-align="center">Dow Jones</td><td class="has-text-align-center" data-align="center">0.28%</td><td class="has-text-align-center" data-align="center">40,227.59</td></tr><tr><td class="has-text-align-center" data-align="center">Russell 2000</td><td class="has-text-align-center" data-align="center">0.41%</td><td class="has-text-align-center" data-align="center">1,965.55</td></tr></tbody></table></figure>



Insights From Analysts:



According to analysts at Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), the <a href="https://www.schwab.com/learn/story/weekly-traders-outlook">outlook for the week</a> is being described as &#8220;Volatile,&#8221; given the several mega-cap earnings that are scheduled to be released this week, alongside volatility-inducing economic data, such as the Monthly Jobs Report, Jobless Claims, and more.



Trader and mentor at UIFCA, Eric Daniel, has posted on X that the markets are approaching the perfect volatility storm, in part due to the reasons stated above, alongside the Federal Reserve FOMC meeting on the 6th and 7th of May. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Market approaching the perfect volatility storm: Fed meeting Big tech earnings Jobs report Friday Pre-market action suggests caution. My approach: Reduced position sizes, defined risk strategies, patience for premium opportunities. Discipline &gt; Prediction this week.&mdash; Eric Daniel (@EricDaniel_NYC) <a href="https://twitter.com/EricDaniel_NYC/status/1916692599714304068?ref_src=twsrc%5Etfw">April 28, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Upcoming Economic Data:



Here&#8217;s what investors will be monitoring on Tuesday,



<ul>
<li>The Advanced U.S. trade balance in goods, Advanced retail inventories, and the Advanced wholesale inventories for March will be out by 8:30 AM ET. </li>



<li>The S&amp;P Case-Shiller home price index (20 cities) for February will be out by 9 AM ET. </li>



<li>The Consumer Confidence Report for April and the Job Openings Report for March will be out by 10 AM ET.</li>
</ul>



Stocks In Focus:



<ul>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are up 0.41% in pre-market trade, with the company set to release its earnings after markets close on Tuesday. Analyst consensus estimates stand at $9.5 billion in revenue, and $2.68 per share earnings. </li>



<li>Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) is down 0.06% in pre-market trade, as investors wait for the company&#8217;s first quarter results, scheduled to be released before the opening bell. Analysts expect the company to post $0.72 per share in earnings, from $11.2 billion in revenue. </li>



<li>AstraZeneca PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NYSE">AZN</a>) is down 2.57% in pre-market trade. The company just released its earnings, with a miss on top-line estimates, but a beat at the bottom. </li>



<li>Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) is up 0.13% in pre-market trade, with the company set to announce its quarter results before markets open. Analysts expect $0.68 per share in earnings, from $14.1 billion in revenue. </li>



<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) is scheduled to release its quarterly results before markets open, with analysts expecting $2.21 earnings, on $9.6 billion in revenue. The stock is up 0.63% in pre-market trade.</li>
</ul>



Commodities, Gold And Global Equity Markets:



Crude oil futures continue to decline, down 1.10% during the early New York session, trading at $61.37 per barrel. Gold Spot U.S. Dollar is down 0.66%, trading at $3,313 per ounce, down from record high levels of $3.400 per ounce this time last week.



The U.S. Dollar Index (DXY) is up 0.26%, trading at 99.26 against a basket of other currencies.



Asian markets are up on Tuesday, with the Nikkei, Kospi, and the Nifty 50, all in the green, barring the Chinese benchmarks that continue to decline. Australia&#8217;s ASX 200 is up, while New Zealand&#8217;s NZX 50 is down during the day.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/media/25/04/45058018/trumps-145-china-tariffs-spark-seller-backlash-as-amazon-prime-day-2025-faces-pullouts-and-discount-cuts-report" target="_blank" rel="noreferrer noopener">Trump's 145% China Tariffs Spark Seller Backlash As Amazon Prime Day 2025 Faces Pullouts And Discount Cuts: Report</a></li>
</ul>



Photo courtesy: Frontpage / Shutterstock.com

AAPL

ABBV

SCHW

WELL

US Stock Futures Edge Higher Tuesday: Expert Warns Of 'Perfect Volatility Storm' With Major Earnings And Economic Data Due This Week

Jim Cramer believes excessive pessimism may be clouding Wall Street&#8217;s outlook, arguing that strong employment trends could prevent an economic downturn despite tariff concerns.



What Happened: &#8220;Will the tariffs hurt? Yes. Will prices go higher? Yes. Could there be shortages? Absolutely,&#8221; CNBC&#8217;s Cramer <a href="https://www.cnbc.com/2025/04/28/continued-job-growth-could-help-ward-off-a-recession-jim-cramer-says.html?ref=biztoc.com">said</a> Monday. &#8220;But recessions revolve around employment, and there are still so many more jobs than we have people to fill them.&#8221;



Recession fears have grown amid President Donald Trump&#8216;s sweeping tariff hikes, especially those targeting China. However, Cramer maintains that companies are reluctant to lay off workers they might struggle to rehire when conditions improve.



&#8220;It&#8217;s difficult to derail an economy that is still creating jobs,&#8221; Cramer noted, predicting Friday&#8217;s labor report will be &#8220;fairly robust,&#8221; making it challenging to &#8220;slip into a full-blown recession any time soon.&#8221;



See Also: <a href="https://www.benzinga.com/25/04/45057906/palantirs-defense-moat-ex-employee-reveals-how-pltr-could-dominate-ai-defenseamid-pricing-puzzles-and-competitive-pressures">Fortress Palantir: Former Insider Explains How PLTR Could Conquer The AI-Defense Battlefield Despite Pricing Puzzles And Competition</a>



Why It Matters: Recent data support this optimism. March <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44645518/strong-jobs-report-offers-hope-but-will-it-be-enough-to-counter-tariff-turmoil">nonfarm payrolls surged by 228,000</a>, exceeding the three-month average of 195,000 and economists&#8217; forecasts of 135,000, according to the Bureau of Labor Statistics.



While many <a href="https://www.benzinga.com/markets/25/04/45033463/as-china-downplays-trump-tariffs-with-5-growth-target-top-economist-warns-of-90-chance-of-a-us-recession-amid-trade-war">economists paint a bleaker picture</a>—including Apollo Global Management&#8216;s Chief Economist Torsten Slok, who predicted a &#8220;90% chance&#8221; of recession if current tariff levels persist—not all share this view. The CEO of Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) recently stated there were &#8220;no signs of a recession at this point.&#8221;



Cramer suggested that while some businesses may suffer from tariff-induced price increases, consumers could adapt by turning to budget-friendly retailers like Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).



&#8220;These two retailers have more market power than any two companies I&#8217;ve ever seen,&#8221; he said. &#8220;They can negotiate lower prices with their suppliers to offset the tariffs, including the Chinese.&#8221;



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/media/25/04/45058018/trumps-145-china-tariffs-spark-seller-backlash-as-amazon-prime-day-2025-faces-pullouts-and-discount-cuts-report">Trump&#8217;s 145% China Tariffs Spark Seller Backlash As Amazon Prime Day 2025 Faces Pullouts And Discount Cuts: Report</a></li>
</ul>



Image via Shutterstock



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Jim Cramer Dismisses Recession Panic: Says Tariffs May Sting, But Too 'Many Jobs' For Economy To 'Derail'

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