Live Stocks are rallying as Trump eased fears over China tariffs and Powell. See the latest. Tokyo - Delayed Quote • JPY Meiho Facility Works Ltd. (1717.T) Follow Add holdings 881.00 +4.00 +(0.46%) At close: 3:30:00 PM GMT+9 Related News Stock market today: Dow, S&P 500, Nasdaq soar as Trump softens stance on Powell, China tariffs US stocks jumped after President Trump said he has "no intention" of firing Federal Reserve Chair Jerome Powell, easing fears on Wall Street that the central bank's independence was under threat. Tesla: Fears 'overblown' as anti-Elon sentiment will 'dissipate' Tesla (TSLA) CEO Elon Musk's leadership in US President Trump's controversial Department of Government Efficiency (DOGE) has weighed on the electric vehicle (EV) giant's image and sales. Stifel NextGen transport analyst Stephen Gengaro tells Morning Brief hosts Madison Mills and Brad Smith that the negative sentiment surrounding Tesla is "a short-term headwind for sales" that "has an impact," but has been "a bit overblown in the media." He compares Tesla's current brand crisis to that of Anheuser-Busch (BUD), Nike (NKE), and Target (TGT). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. ‘Magnificent Seven’ tech stocks surge as Trump hints at China tariff reprieve Big Tech stocks surged for a second day, with Tesla and Amazon leading the so-called ‘Magnificent Seven’ stocks higher as the Trump administration hinted at a deescalation of the US-China trade war. Tesla stock rises after Musk says time at DOGE will drop 'significantly' Tesla reported first quarter earnings after the bell on Tuesday that were short of estimates, but Elon Musk's plans to pare back his DOGE activities sent shares higher. Futures rise, Tesla earnings, Apple & Meta fines: 3 Things Here are three things Wall Street is watching on Wednesday, April 23. Futures (ES=F, NQ=F, YM=F) are on the rise after President Trump says he has "no intention" of firing Federal Reserve Chairman Jerome Powell and that he expects tariffs on goods from China to ultimately be lowered. Tesla (TSLA) shares are moving higher. The EV maker posted first quarter results that fell short of analyst estimates, but investors are cheering CEO Elon Musk's comments about spending less time working at DOGE. Apple (AAPL) and Meta (META) are in focus after the European Union fined the two companies nearly $800 million combined for violating laws aimed at curbing Big Tech. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Tesla faces 'competition like never before' in China Tesla (TSLA) is facing growing pressure in China after a weak first quarter. The company says it will revisit its 2025 guidance in the next update. Michael Dunne, CEO of Dunne Insights and an expert on China's electric vehicle (EV) market, joins Yahoo Finance's Tesla earnings special with Julie Hyman and Myles Udland to break down Tesla's full self-driving (FSD) approval in China and rising competition from local automakers. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Tesla needs 'the next big thing' to woo the mass market Tesla (TSLA) CEO Elon Musk says the Model Y Refresh is on track, but the new model comes as the electric vehicle (EV) giant faces controversy tied to Musk's political work. Edmunds head of insights, Jessica Caldwell, joins Julie Hyman and Freedom Capital Markets chief global strategist, Jay Woods, on Yahoo Finance's Tesla earnings special to discuss what the next growth driver for Tesla could be. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Tesla needs investors to believe Elon Musk 'can work miracles' During Tesla's (TSLA) first quarter earnings call, CEO Elon Musk said that his time spent in US President Trump's Department of Government Efficiency (DOGE) will "drop considerably" starting in May. Yale School of Management executive fellow Gautam Mukunda joins Yahoo Finance's Tesla earnings special with Julie Hyman and Freedom Capital Markets chief global strategist Jay Woods to discuss Musk's comments. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. What Tesla earnings may reveal about the Big Tech trade Tesla (TSLA) shares initially traded flat after reporting first quarter results that fell short of Wall Street estimates. In the video above, Yahoo Finance Markets Reporter Josh Schafer explains what the stock reaction may indicate about the Big Tech trade. For more expert insight and the latest market action, click here. Tesla earnings miss on both top & bottom lines Tesla (TSLA) reported first quarter results that fell short of Wall Street estimates on both the top and bottom lines. The EV giant reported adjusted earnings of $0.27 per share, short of the $0.43 that Wall Street was anticipating. Revenue of $19.34 billion was less than the Bloomberg consensus estimate of $21.37 billion. Market Domination Overtime Anchor Julie Hyman along with Yahoo Finance's Myles Udland and Josh Schafer report on the breaking numbers To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. 'Wild, lumpy, volatile': Wall Street initiates coverage on CoreWeave stock after rocky public debut CoreWeave (CRWV) stock popped Tuesday, rising over 8% as Wall Street analysts initiated coverage of the Nvidia-backed (NVDA) AI firm that made its public debut in late March. Vertiv Rockets 18% After Q1 Earnings Smash and Bold AI-Fueled Outlook Vertiv posts higher profit and revenue, raises 2025 forecast, and sees continued AI growth with Nvidia partnership Musk to Refocus on Tesla as Profit Drops 71% in Q1 Elon Musk will reduce his involvement in the Trump administration's DOGE initiative to focus more on Tesla and other ventures. Solar stocks get rating cut by Wall Street amid slowing growth and uncertainty Investing.com -- Wall Street analysts cut ratings on U.S. residential solar companies given a weaker demand, margin risks and growing uncertainty around federal tax incentives. Boeing Stock Climbs as Loss Shrinks and Aircraft Deliveries Soar Boeing narrows Q1 loss, boosts 737 production outlook, and books over 200 aircraft orders despite cash flow challenges Thoma Bravo Says Boeing Carveout it Bought Will Sell Again | Wall Street Beat 04/23/2025 The private equity firm Thoma Bravo bought Boeing's flight navigation unit for nearly $11 billion dollars. Holden Spaht, Thoma Bravo Managing Partner joined Wall Street Beat on Bloomberg Open Interest to talk about the deal and what's next for the unit. Wall Street indexes rally as worries about tariff war, Powell tenure subside The prospect of negotiations between Washington and Beijing, currently locked in an escalating tit-for-tat tariff war, helped lift sentiment after a Wall Street Journal report cited a senior White House official as saying that U.S. tariffs on China were likely to come down to between roughly 50% and 60%. The stock market was already in recovery mode after Trump said late on Tuesday he had "no intention" of firing Powell, walking back last week's market rattling comment that the Fed chair's termination could not come "fast enough" that had drawn heavy criticism. Magnificent Seven Stocks: Amazon, Apple, Meta, Nvidia Rally; Tesla Surges On Earnings Amazon, Apple, Meta and Nvidia rallied sharply on the stock market today. Tesla surged after its Q1 earnings report. Tesla's Upcoming Challenges Linked to Tariffs, US-China Relations, BofA Says Tesla's (TSLA) upcoming challenges are mostly linked to the current uncertain macro conditions, incl Tesla Earnings Crash 71% as Auto Sales Stall, Factory Reworks Bite Into Profit Tesla missed Q1 estimates with adjusted EPS of 27 cents vs. 39 cents expected. Performance Overview Trailing total returns as of 4/23/2025, which may include dividends or other distributions. Benchmark is Nikkei 225 (^N225) Return 1717.T Nikkei 225 (^N225) YTD -4.45% -12.60% 1-Year +1.85% -7.15% 3-Year +36.84% +28.64%