The stock has opened in Green and is heading for the higher most of Tuesday. The familiar technology name has brought Nasdaq Composite back to positive territory until this year, but tickers from multiple sectors and industry have also made solid profits.
The market remains focused on Washington, D.C., with the Senate returning from a break to discuss President Donald Trump’s “one big, beautiful bill” and trillion dollar tax cuts.
Today, it was pretty much quieter in terms of the trade war ahead of the tomorrow deadline set by the White House to file the nation’s best offers on tariffs and US investment possibilities.
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Ahead of Friday’s work, solid incoming labor market data also provided some lift.
Nvidia (NVDA) led the Dow Jones stock with a profit of 2.8%, adding $94 billion to its market capitalization, pushing it past Mag 7 Peer Microsoft (MSFT) at the top spot.
Nvidia’s first quarter revenue and commentary continues to respond to its first quarter 2026, with Jefferies adding NVDA to its top stock “franchise pick” that it will buy on Tuesday. Analyst Blayne Curtis has a buy rating and a 12-month price target of $185 on NVDA stock.
UBS analyst Timothy Arcuri repeated his purchase rating and price target of $175, noting that he foresaw “dozens of gigawatts” for an AI infrastructure project in a “not too far away” during a conference call last week.
The US Treasury yield over the two years was up to 3.953%, up from 3.945% on Monday. The longer dated Treasury was lower, from 4.462% to 4.452% in 10 years and from 4.995% to 4.977% in 30 years.
At the time of the closure bell, the Blue Chip Dow Jones industrial average rose 0.5% to 42,519, the broader S&P 500 increased 0.6% to 5,970, and the high-tech NASDAQ composite increased 0.8% to 19,398.
Is General Dollar “safe haven from customs”?
Dollar General (DG) has rallied 16% after breaking Wall Street expectations for the first quarter and raising its full-year guidance.
Consumer Staples shares posted revenue of $1.78 per share at $1.78 against revenue of $10.4 billion. Sales at the same store increased 2.4% year-on-year.
Dollar General reported market share profits for essentials such as food and cleaning supplies, as well as discretionary items such as plates, decorations and clothing.
Management has raised the same store sales growth guidance for the whole year from 1.2% to 2.2% to 1.5% to 2.5%.
City analyst Paul Lesjuse wrote that expectations for the quarter are high as General Dollar is considered a safe haven from tariffs.
“But I believe the outcome is sufficient to make the stock higher,” the analyst concludes. Lejuez evaluates DG in neutral (or “hold”) with a 12-month price target of $101.
A fellow discount retailer Dollar Tree (DLTR), who added 6%, will turn its revenue calendar before the opening bell on Wednesday.
More stock on the move
Broadcom (AVGO) has surged 3.3%, reaching a new all-time high among a wide range of semiconductor inventory gatherings. The custom chip maker reported second quarter results for 2025 ahead of the opening bell on Thursday.
Tesla (TSLA) rose 3.7% and 0.5% on reports that Robotaxi’s debut was imminent. Consumer discretionary stocks struggle this year with competition in the core market and CEOs who are attracting attention elsewhere.
Boeing (BA) has obtained war bounces of tariffs and trade. Industrial inventory rose 1% after BOFA securities analyst Ronald Epstein upgraded it and raised its 12-month price target from $185 to $260.
“Boeing aircraft are emerging as the preferred trade mechanism in recent US trade negotiations,” Epstein wrote.
Constellation Energy Group (CEG) was 0.1% off after signing a 20-year power purchase agreement with Meta Platform (META) at the Clinton Clean Energy Center Nuclear Plant in Illinois.
Meanwhile, plumbing and heating supplies distributor Ferguson Enterprises (FERG) recorded a profit of 17.3% after pushing full-year guidance beyond Wall Street estimates for third-quarter sales and revenue.
Stability impact
The Bureau of Labor Statistics said job openings have increased from 7.2 billion people in March to 73.91 million.
Recruitment and total separation were largely unchanged, with 5573 million to 5.404 million and 5.288 million to 5.183 million. According to BLS, there were few changes to the layoffs and discharges.
The recruitment rate increased from 4.3% in March to 4.4% in April, but the recruitment rate increased from 3.4% to 3.5%. The total separation rate was 3.3% and was not changed.
“The job openings were stronger than expected in April compared to March this year,” said Eugenio J. Aleman, chief economist at Raymond James. “Job openings continue to show relative stability in the US labor market.”
