Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 5.2% in the morning session after the major indices (Nasdaq +2.0%, S&P 500 +1.5%) rebounded as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025.
A number of stocks jumped in the morning session after the major indices rebounded (Nasdaq +2.0%, S&P 500 +1.5%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand.
Shares of government consulting firm Booz Allen Hamilton (NYSE:BAH) fell 15% in the afternoon session after the company reported weak first quarter 2025 result: Revenue and EBITDA both missed. The shortfall came from slow contract signings, with the book-to-bill ratio slumping to 0.71x, showing the firm added less work than it delivered.
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Shares of data visualization and business intelligence company Domo (NASDAQ:DOMO) jumped 31.1% in the afternoon session after the company reported an impressive "beat and raise" quarter. First quarter 2025 results blew past analysts' EBITDA and earnings estimates while sales were in line.
