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

Tuesday’s Stock Movers

Stocks moving on earnings report included:

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

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

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