Markets snap back with energy and financials leading the way. Plus, where’s my apology? Trump goes after Bob Iger on Twitter. Will the tweeter-in-chief attack Disney’s merger plans next? And, Tesla’s Model 3 now has the CR stamp of approval. Is this the boost Elon and company need to get back on track? Plus, Box and Guess report after the bell. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks in the red include Chico’s, with sales at the women’s clothing brand falling nearly 6% in the first quarter as its CEO said store traffic was challenging; DSW despite the discount shoe retailer beating on earnings, as it did not affirm revenue and same-store sales outlooks; and Michael Kors, with shares dropping as the retailer said heavy spending to market its upscale footwear brand Jimmy Choo will hit earnings this year.
Stocks in the green include Dick’s Sporting Goods as the sports retailer raised its full-year EPS guidance; Fiat Chrysler on a Bloomberg report that it will rollout Jeep and Ram trucks globally and stop selling Fiat cars in the US and China; and HP, with shares higher as the computer and printer maker beat on earnings and revenue, with HP raising its full-year EPS forecast to boot.