Stocks advanced on Tuesday as Wall Street viewed President Donald Trump's comments and first-day actions around international trade as a bit softer than initially believed.

The added 537.98 points, or 1.24%, to finish at 44,025.81. The gained 0.88% to end at 6,049.24, while the rose 0.64% to 19,756.78.

climbed more than 4% after earnings came in better than analysts expected. Small-cap stocks also participated in Tuesday's rally, with the rising about 1.9%.

Several big technology stocks also took a leg up, with and each gaining more than 2%. But a drop of more than 3% in on the back of two Wall Street downgrades restricted gains for the tech-heavy Nasdaq.

Trump said he was on Mexico and Canada on Feb. 1 because of their border policies while signing first-day executive orders in the White House Monday night. He also mentioned China, noting that the U.S. could put tariffs on the country if it doesn't approve a TikTok deal.

Ultimately, Trump a broad memorandum directing federal agencies to study what he deems as unfair trade policies with foreign countries. But the president stopped short of authorizing new levies on his first day back in the Oval Office, which investors took as a sign that he may be less ardent about issuing tariffs than previously expected.

"President Trump's Inauguration Day policy announcements on tariffs were more benign than expected," said Alec Phillips, chief U.S. political economist at Goldman Sachs, in a note to clients. "For now, it is a lower priority than we would have expected."

To be sure, Phillips said Trump's language around Canada and Mexico was actually more hawkish than he anticipated. Still, the economist said he was lowering the odds that the U.S. slaps a universal tariff on all imports this year, which can offer confidence to traders originally cautious that a wide-reaching policy would reignite inflation.

Trump said he wasn't ready for universal tariffs yet and he was vague when discussing levies on China.

Outside of trade policy, Wall Street is focused on Trump following through on the pro-business proclamations he made throughout his campaign. Most notably, his calls for looser regulations that helped lift banking stocks following his election win in November. Other components of the so-called Trump trade — including small caps, oil stocks and bitcoin — will likely be hypersensitive to what his administration does.

In his inaugural address, the president labeled his return to the White House as the beginning of a period of growth and success for the country, while largely condemning the Biden Administration. Trump also on Monday to increase fossil fuel production.

Stocks close higher

Stocks finished Tuesday's session higher.

The rose more than 500 points, or 1.2%. The and added 0.9% and 0.6%, respectively.

— Alex Harring

Around 4 out of every 5 S&P 500 stocks trade higher

About four out of every five stocks in the traded higher on Tuesday, underscoring the index's broad advance. The index as a whole is on track to end the day up close to 1%.

, a in 2024, led the index higher with a gain of about 10%. and followed, with each up more than 7.5%.

Still, some underperformers restricted gains. With a slide of nearly 12%, , which was a last year, was the worst performer in the index on Tuesday. Well-known stocks including , and were also among the biggest laggards in the session.

— Alex Harring

Energy stocks buck market rally

Energy stocks sat out of the 's climb on Tuesday.

The sector of stocks within the broad index slid 0.6%, making it the only of the 11 tracking for losses. By comparison, the S&P 500 as a whole is up 0.7% in afternoon trading.

Energy stocks struggled after President Trump declared a as he seeks to increase fossil fuel production. Higher output could put downward pressure on global oil and gas prices, potentially hitting producers' bottom line.

led the sector lower with a drop of 3%, while and followed with losses of around 2.5% each.

Despite Tuesday's underperformance, the energy sector has been the best performer of 2025.

— Alex Harring, Spencer Kimball

Trump's tariffs may take longer to actually take place, says Wolfe Research

President Donald Trump's plans for wide-ranging tariffs will likely take longer to implement than expected, according to Wolfe Research.

Despite signing several executive orders upon being sworn into office on Monday, Trump declined to order tariffs yesterday. Trump's trade memo highlights a "longer and more comprehensive study" of trade deliberations ahead, per Tobin Marcus, head of U.S. policy and politics.

There's "nothing concrete on tariffs — for now," Marcus wrote in a Tuesday note. "We doubt that an overall rapprochement with China is in the offing, so we do still think that tariffs are coming, but not until negotiations have had a chance to succeed or fail."

— Hakyung Kim

Defense stocks extend early gains, outperforming broad market Tuesday

Defense stocks extended early gains Tuesday, outperforming the broader market, on confidence that spending on prime contractors will either increase or will at least be spared any cuts in the Trump administration.

jumped 5.1%, advanced 4.3%, climbed 3.7%,   added 3.4%, surged 3.3% and tacked on 3%.

The $13 billion rose 3.4%.

— Scott Schnipper

Solar stocks fall

Solar stocks slid Tuesday, one day after President Donald Trump swore he would — which the president referred to as the "Green New Deal" — in his inaugural address. The IRA expanded funding for solar energy in the U.S.

"Today, we will end the Green New Deal, and we will revoke the electric vehicle mandate, saving our auto industry and keeping my sacred pledge to our great American auto workers," Trump said.

The slid 2.3% in midday trading, while the fell 1.1%. Shares of and dropped more than 5% and 3%, respectively. fell 1.5%.

— Sarah Min

Trump's SEC to launch 'crypto task force'

President Donald Trump's Securities and Exchange Commission announced Tuesday it will launch a "" aimed at developing clear regulations for the industry. This marks a stark departure from former President Joe Biden's SEC approach to crypto.

In a release, :

"Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law. To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way. Clarity regarding who must register, and practical solutions for those seeking to register, have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better."

prices were last up 2.2% at $106,109.

— Fred Imbert

Stocks making the biggest moves midday Tuesday

Check out the companies making headlines in midday trading:

•  — Shares tumbled 4% after  to underperform from hold. The firm said Apple's AI outlook is "subdued" and believes it may miss on revenue when it reports fiscal first quarter results later this month. Loop Capital also lowered its rating on the stock to hold.
•  — The brokerage firm rose more than 3% after a stronger-than-expected fourth-quarter report. Schwab generated $1.01 in adjusted earnings per share, while analysts polled by FactSet were expecting 91 cents per share. Revenue rose 20% year over year to $5.33 billion as total client assets surpassed $10 trillion.
•  — The pharmacy stock declined 12.7% after the U.S. Justice Department filed a nationwide lawsuit against the company, alleging that Walgreens knowingly filled unlawful prescriptions for opioids and other highly addictive painkillers.

The full list can be found

— Hakyung Kim

FTAI Aviation slumps another 33% as board reviews Muddy Waters charges

tumbled as much as 33% on Tuesday after the board said its audit committee began a review on Jan. 18 of charges leveled last week by Muddy Waters in challenging the aircraft and jet engine leasing company's accounting techniques, and said the review might cause it to delay filing its annual report and 10-K for 2024. FTAI slumped 35% last week in the wake of the Muddy Waters' allegations.

FTAI said that although it "strongly disagrees with the assertions made in the Short-Seller Report," the time necessary to complete the review may delay the filing of final financial results. "The Company reiterates its commitment to maintaining high standards of corporate governance and internal controls, as well as transparent and timely disclosure in compliance with applicable rules and regulations,"

FTAI Aviation's chairman and CEO Joseph Adams, said "We take our obligations and any valid assertions seriously but we strongly disagree with the assertions made in the report. We believe such report mischaracterizes our business and that these misrepresentations are baseless and nonsensical. We are committed to maintaining high standards of corporate governance and internal controls. We believe that suggestions that we engaged in improper financial accounting are wrong."

"Our depreciation policy and methodology have not changed since our IPO in 2015, are in accordance with accounting standards and in line with aviation leasing peers, and are reviewed on a quarterly basis," Adams said, according to remarks filed to the SEC by FTAI.

— Scott Schnipper

Nvidia overtakes Apple as world's most valuable company

Chipmaker 's stock was up about 1.2% in midday trading, pushing its market cap to $3.39 billion in midday trading.

That puts it above , whose market cap has slipped to $3.31 billion after a 4% decline for the iPhone maker.

The change at the top of the list of the world's most valuable company comes after two investment firms to start the week.

— Jesse Pound, Adrian van Hauwermeiren

Mnuchin warns about impact tariffs could have on U.S. economy

Former Treasury Secretary Steven Mnuchin cautioned about the danger that tariffs against Canada and Mexico could pose to the U.S. economy.

President Donald Trump, Mnuchin's former boss, has threatened to levy punitive duties against both countries as a way to deter trafficking in fentanyl that has come from both nations.

"I hope that Mexico and Canada come to the negotiating table and do whatever he wants them to do on the immigration issue so that those [tariffs] don't get implemented," Mnuchin said Tuesday on C온라인카지노사이트's "Squawk on the Street." I think that would have a very negative impact on much of our economic issues and supply chains particularly with Mexico."

Separately, Mnuchin also expressed hope the U.S. can strike a deal with China on ownership of the TikTok social media platform.

—Jeff Cox

ResMed shares up as Bank of America touts potential uptick in sleep apnea patients

Analysts are upbeat ahead of fiscal second-quarter earnings report. On Tuesday, shares rose nearly 3% as Bank of America analyst Lyanne Harrison said that a survey the firm took is showing a 36% surge in potential obstructive sleep apnea patients. ResMed makes CPAP machines and equipment to treat OSA.

Harrison expects both weight loss drugs and wearables are raising awareness of the condition, which causes breathing to be interrupted while asleeping. OSA can cause daytime sleepiness and an increased likelihood of high blood pressure, stroke and heart attack.

Bank of America's survey also showed about 6% of sleep apnea patients who take a GLP-1 drugs no longer need a CPAP machine. This trend has created an overhang on ResMed stock, but Harrison expects patients to cycle on and off of CPAP use as their weight fluctuates. About 38% of the people BofA polled said they regained weight when they stopped using a GLP-1 drug.

"In our view the GLP-1 narrative has flipped to one of tailwinds for the industry," she said. Harrison expects ResMed will top Wall Street's consensus estimates for both revenue and earnings in the second quarter.

—Christina Cheddar Berk

Small caps outperform

Small-cap stocks saw outsized gains on Tuesday as investors readied for looser business conditions under President Trump.

The small cap-focused climbed more than 1% in late morning trading. By comparison, the broad added just 0.5%.

The Russell 2000 has climbed more than 3% in the new year, outperforming the three major indexes. This action comes as market participants expect Trump's focus on deregulation to benefit small-cap companies.

— Alex Harring

NYSE advancers lead decliners 4-1 on Trump's second day in office

Market breadth was strong Tuesday as Day 2 of Donald Trump's second term kicked off, with roughly four stocks advancing for every decliner at the New York Stock Exchange. Overall, 2,063 NYSE-listed names traded higher, while another 573 pulled back.

— Fred Imbert

Apple shares fall after two downgrades

shares pulled back nearly 4% after two firms downgraded the iPhone maker ahead of the opening bell.

Jefferies , warning revenue could disappoint investors. Loop Capital lowered its rating to hold, citing a "material iPhone demand reduction" ahead of the iPhone 17.

The rating changes are a rare show of pessimism for Apple, which remains a consensus buy on the Street. According to the C온라인카지노사이트 Analyst Consensus Tool, 32 out of 47 analysts consider the tech company a buy or a strong buy.

— Sarah Min

Stocks open higher

Stocks kicked off Tuesday's trading session in the green as investors considered the first-day actions from President Trump.

The traded up about 0.4% shortly after 9:30 a.m. ET. The and each added about 0.5%.

— Alex Harring

Jefferies downgrades Mondelez on cocoa supply risks

Jefferies analyst Rob Dickerson downgraded food stock to hold from buy, saying in a note to clients that the global cocoa supply is facing another weak harvest that could hurt the company.

"Our work and knowledge base on cocoa makes us more cautious on MDLZ than we were in '24, given higher likelihood of structural supply issues that limits safety stock and shorter-duration buying needs that keep prices elevated for longer," the note said.

The higher price of cocoa could result in lower earnings for Mondelez, but it could also lead to better sales for other snack categories, Dickerson said.

"After high inflation in '21-'23, price growth for many food categories slowed, yet chocolate continued to inflate with '24 pricing up ~5% y/y, widening price gaps to other snacking categories," the note said.

Shares of Mondelez are down more than 3% in January.

— Jesse Pound

Stocks making the biggest moves before the bell: Apple, Qorvo and more

These are the stocks moving the most in premarket trading:

•  — Shares slipped nearly 2% after  to an underperform rating from hold.
•  — The chipmaker moved 2% higher on the back of an  to overweight from equal weight.
•  — The industrial stock jumped 4% after the industrial giant reported fourth-quarter earnings that beat expectations, boosted by higher sales of industrial adhesives, tapes and electronics.

Read the full list of stocks moving .

— Lisa Kailai Han

3M shares jump 5% after strong earnings

Shares of jumped nearly 5% in premarket after the industrial firm reported fourth-quarter earnings that beat expectations. The results were boosted by higher sales of industrial adhesives, tapes and electronics during the holiday quarter.

3M reported adjusted profit of $1.68 per share, above analysts' average estimate of $1.66 per LSEG. Adjusted revenue of $5.81 billion came in above estimates of $5.78 billion.

— Yun Li

D.R. Horton shares pop on earnings

Homebuilder climbed in Tuesday's premarket after earnings topped Wall Street expectations.

The company earned $2.61 per share on $7.61 billion in revenue for the first fiscal quarter. Analysts polled by LSEG were expecting just $2.36 a share and $7.08 billion, respectively.

Shares have jumped more than 5% since 2025 began, reversing course after sliding 8% in the prior year.

— Alex Harring

China vice premier warns: Trade war has no winners

Chinese Vice Premier Ding Xuexiang warned Tuesday that trade wars end with "" after President Donald Trump took office for a second term — raising the possibility of increased trade tensions between the world's two largest economies.

Ding's comments came during a speech at the World Economic Forum in Davos, Switzerland.

— Evelyn Cheng

Stock futures give up some ground after President Trump's tariff comments

Stock futures gave up earlier gains on Monday night, after President Trump implementing a 25% tariff on Mexico and Canada beginning on Feb.1. He added that he would also place tariffs on China if Beijing refuses to approve a deal to sell TikTok.

— Brian Evans

Jefferies downgrades Apple

Jefferies downgraded to underperform, a rare negative rating for the Big Tech name on Wall Street.

The firm also warned that revenue out of the company can disappoint investors. C온라인카지노사이트 Pro subscribers can for the full story.

— Alex Harring

Costco union members vote to authorize strike

A union representing more than 18,000 employees nationwide if a contract agreement with the retailer cannot be reached.

Costco Teamsters said 85% of members voted to approve a work stoppage. Union members held practice pickets last week.

"Costco's greedy executives have less than two weeks to do the right thing," Sean O'Brien, general president of Teamsters, said in a statement. "If they refuse, they'll have no one to blame but themselves when our members go on strike."

The union said it will have one final week of negotiations with the retailer. The current contract expires Jan. 31.

— Alex Harring

Stock futures rise

U.S. stock futures were higher on Monday, following the inauguration of President Donald Trump.

Futures tied to the S&P 500 advanced 0.4%, alongside Nasdaq 100 futures. Dow Jones Industrial Average futures popped 187 points, or 0.4%.

— Brian Evans