The major averages were fractionally higher near noon, adding slightly to yesterday’s gains as investors reacted to fresh headlines on U.S.-China trade tensions and a new round of corporate earnings. Markets are attempting to stabilize after a rocky stretch, but much of the tone is being shaped by President Trump’s latest tariff decisions. After last week’s escalation, he’s now backing off slightly, offering temporary relief on key consumer electronics and signaling possible concessions for the auto sector.

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Looking to commodities, gold shares are up marginally, still hovering above the $3,200 threshold. Meanwhile, oil prices are lower, but only fractionally.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.

1. STOCK NEWS:

Bank of America (BAC) reported better-than-expected Q1 results, with the company saying it grew commercial loans in every line of business in the quarter Citi (C) reported upbeat Q1 earnings and revenue and provided revenue guidance for FY25 Johnson & Johnson (JNJ) reported better-than-expected Q1 results, raised its FY25 operational sales outlook, and increased its quarterly dividend about 5% Lowe’s (LOW) agreed to acquire Artisan Design Group for $1.325B China has ordered airlines to halt further deliveries of Boeing (BA) jets, Bloomberg reports

2. WALL STREET CALLS:

General Motors (GM) downgraded to Equal Weight from Overweight at Barclays HubSpot (HUBS) upgraded to Buy from Neutral at UBS PepsiCo (PEP) downgraded to Neutral at BofA on slower snacks growth Nike (NKE) initiated with neutral view at Berenberg, here’s why Benchmark starts “dominant regional leader” MercadoLibre (MELI) with a Buy

3. AROUND THE WEB:

Elliott Investment Management has built a large position worth more than $1.5B in HP Enterprise (HPE), Bloomberg says Honda (HMC) is considering plans to relocate the production of models to the U.S. from Mexico and Canada in response to an additional 25% tariff imposed by the Trump Administration, Nikkei reports AMD (AMD) CEO says the company plans to build more AI servers in U.S., Bloomberg says LVMH (LVMUY) is considering moving some of its manufacturing to the U.S. amid Donald Trump’s tariff threats, Business Insider says According to people who attended Netflix’s (NFLX) annual business review meeting last month, the company aims to reach a $1T market capitalization and double its revenue by 2030, WSJ reports

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4. MOVERS:

Rezolve AI (RZLV) increases after securing a $9.8M annual contract with Liverpool Mexico Eos Energy (EOSE) gains after signing a MOU with Frontier Power Rocket Pharmaceuticals (RCKT) higher after its CEO bought $101.6K of the company’s stock Allegro MicroSystems (ALGM) lower after On Semi (ON)withdrew its proposal to acquire the company Applied Digital (APLD) falls after reporting quarterly results

5. EARNINGS/GUIDANCE:

PNC Financial (PNC) reported Q1 results, reaffirmed its FY25 guidance, and provided its outlook for Q2 Cryo-Cell (CCEL) reported Q1 results, with EPS lower year-over-year 908 Devices (MASS) reported preliminary Q1 results Albertsons (ACI) reported Q4 results, with CEO Vivek Sankaran commenting on the “solid results in the fourth quarter” WaFd (WAFD) reported Q1 results, with EPS beating consensus

INDEXES:

Near midday, the Dow was up 0.16%, or 66.31, to 40,591.10, the Nasdaq was up 0.26%, or 43.91, to 16,875.40, and the S&P 500 was up 0.29%, or 15.74, to 5,421.71.

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Trump Trade: Carmakers may see tariff relief, China halts Boeing deliveries Nike initiated, GM downgraded: Wall Street’s top analyst calls Wedbush says auto tariffs potential delay ‘good news for Detroit Big 3, Tesla’ What to Know About Jeff Bezos’ Secret EV Startup Slate Auto Toyota Stock Surges as Trump Floats Tariff Reprieve

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