The Dow is up more than 800 points this afternoon
Stocks are staging a powerful comeback Tuesday, with both the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) on track to snap their three-day losing streaks as optimism builds around potential tariff negotiations. The Nasdaq Composite (IXIC) is sharply higher as well, after President Trump touted productive talks with South Korea and signaled China’s eagerness to strike a deal.
Meanwhile, Treasury Secretary Scott Bessent said that roughly 70 countries have approached the U.S. to negotiate duties. In response, the CBOE Volatility Index (VIX) has cooled off dramatically, slipping back below 40 earlier after yesterday topping 60.
Continue reading for more on today's market, including:
Levi Strauss & Co (NYSE:LEVI) stock is attracting unusually high options volume following its latest earnings report. The apparel retailer posted earnings of 38 cents per share -- a 46% increase from the same period last year -- on revenue of $1.53 billion. So far today, 5,728 calls and 7,435 puts have exchanged hands, amounting to 15 times the average intraday volume. The April 13 put seeing the most action by far. LEVI is looking to rebound after yesterday slipping to its lowest level since October 2023. Last seen 0.5% higher at $13.57, the stock remains 24.2% lower year-to-date.
CVS Health Corp (NYSE:CVS) stock is one of the SPX’s top performers today, last seen up 8.2% to trade at $70.34. The security is riding sector-wide momentum after The Wall Street Journal reported the Trump administration has plans to hike reimbursement rates for Medicare-focused insurers next year by 5.06% -- more than double the 2.23% hike proposed in January. So far this year, CVS has added 53.9%.
Rocket Companies Inc (NYSE:RKT) stock is one of the worst performers on the SPX today, down 6.5% to trade at $13.71. The pullback comes despite a Barclays upgrade to "equal weight" from "underweight," as well as a price target hike to $14 from $10. These losses follow last week’s 18.2% gain, and RKT remains up 29.4% in 2025.