Before the bell rings, take a look at the businesses that are making news.
Goldman Sachs: Shares rose nearly 2% after the bank reported first-quarter earnings of $14.12 per share, surpassing expectations of $12.35. Revenue hit $15.06 billion, exceeding the forecast of $14.81 billion.
Pfizer: Shares dipped slightly as the company announced it would stop development of its daily weight loss pill due to a potential liver injury in a trial participant.
Apple: The stock jumped over 5% after President Trump announced a temporary exemption for smartphones and other electronics from reciprocal tariffs.
Chipmakers: Semiconductor stocks generally increased following the tariff exemption. Nvidia rose 3%, while Advanced Micro Devices and Super Micro Computer gained about 4% and 5%, respectively.
Best Buy: Shares soared nearly 9%, benefiting from the White House’s exemption of electronics from reciprocal tariffs.
Dell: The stock climbed almost 6% after confirmation of a temporary rollback of some technology import tariffs.
Source (CNBC)
