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Stocks up as Wall Street Eyes ‘Longest Winning Streak in 20 Years’

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Stocks up as Wall Street Eyes ‘Longest Winning Streak in 20 Years’

Published: by Omor IE

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Key Points

  • The stock market could be on its way to having nine straight days of positive gains.

  • Most stocks are up due to the strong labor report. Earnings from big companies have also been solid.

  • It is earnings season, so there have been dozens of double-digit moves in both directions today.

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As of this morning, the vast majority of stocks are green as the S&P 500 seems on its way to end its ninth consecutive day of posting a gain. This would mark the longest winning streak in two decades, and the optimism today is mostly due to the stronger-than-expected jobs data.

Tech stocks have posted solid earnings for Q1, and reports of possible US-China trade talks are also lifting spirits on Wall Street. Still, you should keep in mind that “Liberation Day”  retaliatory tariffs kicked in on April 2nd, and they were paused on April 9th, with baseline 10% tariffs and tariffs on China still in effect.

Not only that, the de minimis exemption ends today, and products below $800 will also start being subject to tariffs. The true impact of tariffs is likely to show up in Q2 reports, but the strong jobs data is definitely a positive.

Here’s a market update as of 10:45 A.M (ET) today.

  • The S&P 500 is up 67.99 points, or 1.21%.
  • The Nasdaq Composite is up 227.65 points, or 1.29%.
  • The Dow Jones Industrial Average is up 448.63 points, or 1.1%.

Stocks Up Across the Board

The only major stock that is down today is the biggest one: Apple (NASDAQ: AAPL). And that’s because of tariffs. The company reported its fiscal Q2 earnings and said that it expects a $900 million headwind as a result of tariffs in its current quarter. EPS of $1.65 beat estimates of $1.62, and revenue of $95.4 billion beat estimates of $94.2 billion, but AAPL stock is still down due to tariff-related concerns.

CEO Tim Cook refused to comment and said that he didn’t want to predict the future.

As for other stocks, tech stocks are mostly the ones up big.

  • Palantir (NASDAQ: PLTR) is up 5.9% ahead of earnings.
  • Oracle (NYSE: ORCL) is up 4.3% as it could be buying Olo.
  • Meta Platforms (NASDAQ: META) is up 3.5% after earnings showed that ad revenue remains solid.
  • Microsoft (NASDAQ: MSFT) is up 2.9%. Azure grew 33% year-over-year, and the AI narrative has shown no signs of slowing.

Notable Gainers Today

  • Cooper-Standard Holdings (NYSE: CPS) is up 35.6% after beating EPS expectations.
  • Adaptive Biotechnologies (NASDAQ: ADPT) is up 35.3% after beating Q1 earnings expectations.
  • Pony AI (NASDAQ: PONY) is up 26% as momentum builds up ahead of Q1 earnings.
  • NPK International (NYSE: NPKI) is up 24.8% after revenue surpassed expectations in Q1.
  • Trupanion (NASDAQ: TRUP) is up 20% after Q1 earnings topped estimates.

ASTS, SMMT, DUOL, DXCM, AUR, CRWV, BTSG, CART, VNET, EXAS, ACHR, IONQ, and KC are all up 10-20%.

Notable Losers Today

  • Cable One (NYSE: CABO) is down 35% after revenue declined in Q1.
  • LendingTree (NASDAQ: TREE) is down 27.5% after poor Q1 2025 results.
  • Block (NYSE: XYZ) is down 21.3% after key metrics missed in Q1 and the company lowered its 2025 guidance.
  • Ardelyx (NASDAQ: ARDX) is down 17% after revenue missed estimates in Q1.
  • Cytokinetics (NASDAQ: CYTK) is down 16.5% after the FDA delayed the heart drug decision to December 2025.

VIAV, RGC, FUBO, ALHC, WK, HL, and CRTO are all down 10-15%.

The image featured at the top of this post is ©Openverse.

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