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

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 release later this week.

President Donald Trump is expected 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&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.

Tuesday’s Performance In Major US Indices, ETFs

According to Benzinga Pro data:

• The SPDR S&P 500 ETF Trust SPY inched 0.4% up to $552.91.
• The SPDR Dow Jones Industrial Average DIA rose 0.7% to $404.9.
• The tech-heavy Invesco QQQ Trust Series QQQ edged 0.3% higher to $473.78.
• The iShares Russell 2000 ETF IWM rose 0.5% to $195.96.
• The Materials Select Sector SPDR Fund XLB outperformed, up 0.8%; the Energy Select Sector SPDR Fund XLE lagged, down 0.5%.

Tuesday’s Stock Movers

Stocks moving on earnings report included:

• Waste Management, Inc. WM: down 0.6%
• Cadence Design Systems, Inc. CDNS: up 4.0%
• Brown & Brown, Inc. BRO: down 6.3%
• Nucor Corp. NUE: up 0.9%
• F5 Inc. FFIV: down 0.9%
• Alexandria Real Estate Equities Inc. ARE: down 6.7%
• Teradyne, Inc. TER: down 1.0%
• S&P Global Inc. SPGI: up 2.7%
• Honeywell International Inc. HON: up 5.0%
• American Tower Corp. AMT: up 4.3%
• Sherwin-Williams Co. SHW: up 5.2%
• Regeneron Pharmaceuticals, Inc. REGN: down 7.7%
• Zebra Technologies Corp. ZBRA: up 6.1%
• Ecolab, Inc. ECL: up 2.2%
• Hilton Worldwide Holdings Inc. HLT: up 1.6%
• Labcorp Holdings Inc. LH: up 2.3%
• Royal Caribbean Group RCL: down 1.6%
• United Parcel Service, Inc. UPS: down 0.5%
• General Motors Company GM: down 0.7%
• PayPal Holdings Inc. PYPL: up 1.9%
• Pfizer Inc. PFE: up 4.4%
• Coca-Cola Co. KO: up 0.8%
• Sysco Corp. SYY: up 0.4%
• Xylem Inc. XYL: up 1.5%
• Incyte Corp. INCY: up 1.5%
• Altria Group Inc. MO: up 0.7%
• Corning, Inc. GLW: up 2.5%
• Paccar Inc. PCAR: down 3.0%
• A.O. Smith Corp. AOS: up 4.0%
• Kraft Heinz Co. KHC: up 0.5%
• Entergy Corp. ETR: down 1.4%

Stocks slated to report earnings after the bell include Arch Capital Group Ltd. ACGL, Booking Holdings Inc. BKNG, Mondelez International, Inc. MDLZ, Caesars Entertainment, Inc. CZR, Veralto Corp. VLTO, Seagate Technology Holdings PLC STX, Starbucks Corp. SBUX, Extendicare Inc. EXE, Fair Isaac Corp. FICO, Visa Inc. V, Boston Properties, Inc. BXP, PPG Industries, Inc. PPG, Extra Space Storage Inc. EXR, Edison International EIX, ONEOK, Inc. OKE, First Solar, Inc. FSLR, CoStar Group Inc. CSGP, Regency Centers Corp. REG, Essex Property Trust, Inc. ESS, and Equity Residential EQR.

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