NEW YORK (AP) — U.S. shares rose once more Tuesday as stronger-than-expected earnings saved piling increased for corporations, although CEOs mentioned they’re uncertain how lengthy that may final due to uncertainty round President Donald Trump’s commerce conflict.
The S&P 500 climbed 0.6% to increase its profitable streak to a sixth day. The Dow Jones Industrial Common added 300 factors, or 0.7%, and the Nasdaq composite rose 0.5%.
Honeywell Worldwide helped lead the market with a achieve of 5.4% after reporting stronger revenue and income for the newest quarter than analysts anticipated. Maybe much more importantly for traders, it additionally raised its forecast for revenue over the total yr.
“Though we have not yet seen it in our results, we recognize we face an uncertain global demand environment for the remainder of 2025, and our company will work tirelessly, leveraging all tools available to us, to deliver for customers and shareholders,” CEO Vimal Kapur mentioned.
Sherwin-Williams rose 4.8% for one more one of many market’s greater positive factors after the paint and coatings firm likewise reported a better-than-expected revenue.
CEO Heidi Petz mentioned it expects to see softness from a few of its prospects persist nicely into the second half of this yr, however she additionally mentioned her firm will get nearly all of its uncooked supplies from the areas the place it manufactures. That would assist blunt the attainable affect from tariffs.
Different shares weren’t as sturdy, regardless that their corporations reported stronger-than-expected earnings.
Very like the broader market, UPS inventory swung between losses and positive factors on the day’s begin of buying and selling after it reported a stronger revenue than analysts anticipated for the primary three months of 2025. As a result of it’s the world’s largest bundle supply firm, UPS can supply a window into how the worldwide financial system is doing.
However UPS additionally mentioned it wasn’t updating its monetary forecasts beforehand given for 2025 due to “the current macro-economic uncertainty.” It additionally mentioned it expects to chop about 20,000 jobs and shut 73 buildings this yr as a part of a cost-cutting effort that CEO Carol Tomé mentioned “could not be timelier.” Its inventory completed 0.4% decrease.
Traders concern Trump’s tariffs may carry a recession if left unaltered as a result of they might freeze world commerce and ship costs increased for all types of merchandise. And Trump’s on-again-off-again rollout may by itself throw into disarray the long-term plans for spending and funding by companies and households.
U.S. households are getting way more pessimistic due to tariffs, and a report from the Convention Board on Tuesday mentioned their expectations for revenue, enterprise and job market situations dropped to the bottom stage since 2011 and are nicely beneath the extent that often alerts a recession forward.
U.S. Treasury Secretary Scott Bessent mentioned such financial uncertainty is a software Trump can use as he negotiates tariffs and commerce offers. “President Trump creates what I would call strategic uncertainty in the negotiations,” he advised reporters on the White Home.
The most recent zigzag could also be arriving for the U.S. auto trade after White Home Press Secretary Karoline Leavitt mentioned Trump will signal an govt order Tuesday stress-free a few of his 25% auto tariffs.
Basic Motors however slipped 0.6% regardless of reporting a stronger revenue for the newest quarter than analysts anticipated. The corporate rescheduled a convention name with traders to debate its outcomes and forecasts for 2025 to Thursday due to “recent reports regarding updates to trade policy.”
JetBlue Airways’ inventory bounced between losses and positive factors after CEO Joanna Geraghty mentioned the airline was puling its monetary forecasts for the total yr given “the macroeconomic uncertainty.” The airline additionally delivered a stronger revenue than anticipated for the newest quarter. Its inventory accelerated later within the day and completed 2.7% increased.
Coca-Cola additionally overcame an early drop to rise 0.8%. The beverage big reported better-than-expected earnings within the first quarter and mentioned the affect of tariffs on its enterprise are more likely to be “manageable.” Coke up to date a few of its monetary forecasts for the yr however left alone its steerage for an necessary underlying measure of income progress.
All advised, the S&P 500 rose 32.08 factors to five,560.83. The Dow Jones Industrial Common gained 300.03 to 40,527.62, and the Nasdaq composite climbed 95.18 to 17,461.32.
Within the bond market, Treasury yields fell. The yield on the 10-year Treasury dropped to 4.17% from 4.23% late Monday.
Not solely did the report on client confidence are available in weaker than anticipated, so did an replace on what number of job openings U.S. employers had been promoting on the finish of March. Such weaker-than-expected information may ultimately push the Federal Reserve to renew chopping rates of interest as a way to give the financial system a lift.
Yields have largely been sinking since an unsettling, uncommon spurt increased earlier this month rattled each Wall Road and the U.S. authorities. That rise had prompt traders worldwide might have been shedding religion within the U.S. bond market’s popularity as a secure place to park money.
In inventory markets overseas, indexes had been blended amid principally modest strikes throughout Europe and Asia.
