Key Takeaways

U.S. equities bounced back from yesterday's sharp selloff at midday as investors turned their focus away from macroeconomic concerns to corporate earnings. The Dow Jones Industrial Average , S&P 500 , and Nasdaq all rose about 2%.

3M ( MMM ) was the best-performing stock in the Dow after the multinational manufacturing conglomerate reported better-than-expected profit and sales, and gave details of how the Trump administration tariffs could affect future performance.

Shares of Tesla ( TSLA ) were on pace to snap a three-day losing streak as the market prepared for the electric vehicle (EV) maker's much-anticipated earnings report following the close of trading.

Equifax ( EFX ) said it overcame weakness in the mortgage and hiring market, posting earnings and revenue that beat forecasts. It also announced a new stock buyback program plus a dividend increase, and shares jumped.

Shares of defense contractors RTX ( RTX ) and Northrop Grumman ( NOC ) fell sharply on worries about the impact of tariffs and earnings results.

Halliburton ( HAL ) shares slumped when the big oilfield services provider reported its first-quarter sales were the lowest in three years as sinking oil prices crimped demand.

Kimberly-Clark ( KMB ) shares tumbled after the consumer products maker slashed its full-year outlook "to reflect potential incremental costs from a more uncertain geopolitical landscape."

Oil futures advanced. Gold prices continued their climb. The yield on the 10-year Treasury note dropped. The U.S. dollar was up on the euro, but lost ground to the pound and yen. Most major cryptocurrencies traded higher.

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