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U.S. stocks wavered on Tuesday, as investors analyzed the latest batch of first-quarter earnings reports and enjoyed a recent decline in market turmoil.
The Dow Jones Industrials gained 130.33 points to break for lunch at 40,655.12.
The S&P 500 took on 24.76 points to 5,430.73.
The NASDAQ Composite improved 83.23 points to 16,914.69.
Despite recent gains, the three major indexes are still clawing back losses seen in the wake of Trump’s original tariff announcement on April 2. The Dow and NASDAQ have each slid more than 3%, while the S&P 500 has dropped more than 4%.
Bank of America added 4% after exceeding analyst expectations for the first quarter. Other major reports due this week include United Airlines and Netflix.
Beyond earnings, Boeing shares fell more than 1% after Bloomberg reported that Beijing ordered Chinese airlines not to take more of the company’s planes.
Tuesday’s action came after the major stock indexes ended Monday’s session higher, buoyed by the tech sector.
Stocks received a tailwind after guidance on Friday from U.S. Customs and Border Protection revealed exemptions from “reciprocal” tariffs for electronic products such as smartphones, computers and semiconductors.
Still, comments from President Donald Trump and Commerce Secretary Howard Lutnick on Sunday suggested these exemptions might only be temporary.
Prices for the 10-year Treasury gained ground Tuesday, pushing yields down to 4.34% from Monday’s 4.38%. Treasury prices and yields move in opposite directions.
Oil prices ditched 60 cents to $60.93 U.S. a barrel.
Prices for gold acquired $10.90 to $3,237.20 U.S.
