The stock market is showing moderate gains today, with major indices trending upward:

• S&P 500 (ES): +0.3%
• Nasdaq (NQ): +0.5%
• Russell 2000 (RTY): +0.3%

Key Stock Movers

NVIDIA ($NVDA) +0.7%

NVIDIA recovers slightly after shedding 3.4% in the previous session. Investors seemed unimpressed with CEO Jensen Huang’s keynote at the GTC conference, but the stock is bouncing back today.

Autodesk ($ADSK) +1.2%

Activist investor Starboard Value has disclosed a stake worth over $500 million and is preparing to initiate a proxy fight, which has driven the stock higher.

JPMorgan Chase ($JPM) +0.4%

The banking giant announced a quarterly dividend increase from $1.25 per share to $1.40 per share, bolstering investor sentiment.

Tencent ($TCEHY) Flat

Tencent’s revenue and net income exceeded expectations. The company also proposed a 32% increase in its annual dividend, though shares remain unchanged on the news.

Tesla ($TSLA) +3%

Tesla secured its first permit in California to launch a robotaxi service, sending shares higher as investors embrace the potential of autonomous ride-hailing.

Apple ($AAPL) +0.3%

Reports from DigiTimes suggest that Apple’s AI-powered Siri upgrade, originally planned for a spring release, may face delays, slightly dampening investor enthusiasm.

Morgan Stanley ($MS) +0.6%

The financial firm is planning to cut around 2,000 jobs this month—reducing its workforce by 2–3%—as part of a broader efficiency strategy.

Citigroup ($C) +0.2%

Citigroup reduced bonuses for 250 senior employees, a move likely aimed at cost-cutting and improving profitability.

Signet Jewelers ($SIG) +12%

Signet reported better-than-expected earnings per share (EPS) and revenue while also announcing a ~10% increase in its quarterly dividend. The strong results propelled shares higher.

General Mills ($GIS) -3.8%

General Mills is under pressure after reporting weaker-than-expected revenue and a larger-than-anticipated decline in organic net sales. The company also cut its fiscal year 2025 outlook, leading to a sharp decline in its stock price.

While broad market sentiment remains positive, individual stocks are reacting to a mix of earnings results, strategic shifts, and macroeconomic trends. Tesla’s robotaxi ambitions, NVIDIA’s GTC fallout, and Morgan Stanley’s layoffs are among the key stories shaping the market today. Investors will be watching closely for further developments in these trends as the trading session progresses.