Day Traders Diary

4/22/25

The major averages spiked higher, rebounding from a sharp sell-off in the previous session, as first quarter earnings are rolling out better than expected as tariffs have not been implemented for the most part. The Dow Jones Industrial Average jumped 1016 points or 2.6%. The S&P 500 rose 129 points or 2.5% while the Nasdaq rose 429 points or 2.7%.

Earnings reports out this morning from the likes of 3M, Verizon, GE Aerospace, Danaher, Kimberly Clark, Lockheed Martin, Northrop Grumman, PulteGroup, and Synchrony Financial. Most of these stocks were higher led by GE and 3M up 5% and 8% respectively. .

Tesla rose 4% ahead of earnings tonight. All the big cap techs were higher. Nvidia and Apple received upgrades saying the sell off was overdone.

Netflix, a diamond yesterday following earnings last week, rose another 5% today.

Tuesday's action comes on the heels of a sharp sell-off. The Dow dropped more than 970 points, while the S&P 500 and Nasdaq both slid more than 2%. Monday marked the fourth straight losing session for the Dow and Nasdaq.

Bonds were quiet with no economic data today.

In the commodity space, oil was up 2%, gold was modestly higher to a new 52 week high. Bitcoin rose 4% to a two month high.