Day Traders Diary

4/22/25

The major averages are 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 is up 800 points or 2%. The S&P 500 is up 100 points or 2% while the Nasdaq is up 350 points or 2%.

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 are higher led by Ge and 3M both up over 3%.

Tesla is up 4% ahead of earnings tonight. All the big cap techs are higher. Nvidia and Apple received upgrades saying the sell off is overdone.

Netflix, a diamond yesterday following earnings last week rose another 6% 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 are quiet with no economic data to trade off of.

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

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