Top Stock Movers Now – Tesla, Supermicro PVH, and more

Takeaways

• U.S. equities rose at midday as investors anticipated tomorrow's tariffs announced by the White House won't be as tough as anticipated.
• Tesla shares are rising ahead of tomorrow’s release of its quarterly delivery figures.
• Jefferies warned that summer travel demand was slowing down and downgraded Southwest as well as other airlines.

The U.S. stock market was higher at midday, on the belief that the new tariffs that President Donald Trump will announce tomorrow will not be as harsh as expected. The Dow Jones Industrial Average, S&P 500, and Nasdaq all gained.

Tesla (TSLA) was the best-performing stock in the S&P 500 ahead of the electric vehicle (EV) maker’s quarterly deliveries report expected tomorrow.

Super Micro Computer shares rose after the computer server manufacturer announced that it had appointed an independent director and a general counsel who would focus on compliance following the recent accounting problems.

PVH shares rose after the fashion clothing company behind the Tommy Hilfiger brand and Calvin Klein launched a stock buyback program. The company also beat sales, profit and guidance expectations. PVH credited positive news to the company’s long-term strategy.

Johnson & Johnson’s (JNJ) shares tumbled when a federal judge rejected a $10 billion class-action settlement over cancer claims related to use of its baby powder.

Southwest Airlines shares (LUV) as well those of rival carriers have fallen following a downgrade from Jefferies. Jefferies cited concern about summer travel demand.

Ford Motor (F), shares fell as U.S. retail sales declined in the first quarter. 

Futures on oil and gold increased. The yield of the 10-year Treasury bill dropped. The U.S. Dollar rose against the euro and lost ground against the yen. It was essentially unchanged against the pound. Prices for major currencies rose.