S&P 500 Gains & Losses Today: Dollar General Stock Soars as Discount Retailer Posts Solid Results

S&P 500 Gains & Losses Today: Dollar General Stock Soars as Discount Retailer Posts Solid Results


Key Takeaways



Major U.S. equities indexes finished higher after data from the Bureau of Labor Statistics showed an unexpected uptick in job openings in April, although several economists cautioned that tariffs could weigh on jobs growth as the year advances.

The S&P 500 ended Tuesday's session 0.6% higher. The Dow added 0.5%. Strength among semiconductor firms and the rest of the tech sector helped lift the Nasdaq 0.8%. Read Investopedia's full daily markets roundup here .

Dollar General ( DG ) shares surged 16%, chalking up the S&P 500's top daily performance after the discount retailer topped quarterly sales and profit estimates and boosted its full-year outlook. The company anticipated that it should be able to mitigate most tariff-related cost pressure but expressed uncertainty around the possible impact on consumer spending trends.

Analysts have said that dollar stores could be poised to benefit as consumers trade down in the current environment. Shares of Dollar Tree ( DLTR ), set to report its own results Wednesday morning, were up 6%.

Shares of ON Semiconductor ( ON ) jumped 11% after the company's top executive discussed expectations for a recovery in demand. In a presentation at the Bank of America Technology Conference, Onsemi CEO Hassane El-Khoury pointed to signs of recovery in the company's industrials market, its second largest, as well as indications that the automotive market could see a bottom in the second quarter.

First Solar ( FSLR ) stock bounced 6.5% higher on Tuesday, reversing losses posted in the prior session. Shares of companies in the renewable energy space have come under pressure since the House passed a reconciliation bill that calls for the elimination of numerous clean energy initiatives and the Department of Energy cancelled an array of related grants. Mizuho analysts boosted their price target on the stock.

Crude oil futures prices extended their recent string of gains, bolstered by increasing geopolitical tensions, including an escalation of the war in Ukraine and an uncertain outlook for a U.S.-Iran nuclear deal. The price uptick helped lift oil and gas stocks, with shares of exploration and production firm APA Corp. ( APA ) gaining 5.4%.

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