S&P500: Tesla, Boeing Jump as Traders React to Powell Stability and Tariff Easin

U.S. stock futures pointed to a strong start Wednesday, with traders encouraged by signs of easing political pressure on the Federal Reserve and a potential thaw in U.S.-China trade tensions. Dow futures rose 2%—roughly 800 points—while S&P 500 and Nasdaq futures climbed 2.7% and 3.2%, respectively, following Tuesday’s broad rally.

Tesla shares jumped more than 7% premarket, rebounding despite a weaker-than-expected first-quarter report. Revenue missed forecasts at $19.34 billion versus $21.11 billion expected, and earnings came in at 27 cents per share. Still, investor relief around Musk reducing his White House involvement and the broader market rally helped fuel the move.

Boeing advanced over 5% after reporting a narrower quarterly loss and plans to increase 737 Max production. The company lost $31 million in Q1, an improvement from last year’s $355 million loss. CEO Kelly Ortberg said Boeing is requesting FAA approval to lift monthly output to 42 jets.

Other Key Movers to Watch

Nvidia and Apple gained 5.8% and 3.5%, respectively, in early trading. GE Vernova rallied more than 7% despite anticipating a tariff-related hit of up to $400 million.

Intuitive Surgical popped 7% after beating earnings and revenue expectations, and Capital One rose 3% on strong Q1 results. BP gained 2% after Elliott Management disclosed a more than 5% stake.

What’s Next for Traders?

The market is eyeing whether this bounce can extend into a sustained rally. Powell’s job security and Trump’s softened trade stance are near-term positives, but attention will stay on upcoming earnings, tariff updates, and Fed commentary. Treasury yields, currently at 4.3%, and oil prices near $63 also remain on radar as macro pressure points.