Wall Street Opens Higher as Trade Deficit Data, Earnings, and Bank Policy Grab Attention

Wall Street is starting Tuesday slightly higher after a strong rally to kick off the week. On Monday, the Dow surged nearly 600 points, the S&P 500 gained 1.5%, and the Nasdaq rose close to 2%, recovering from Friday’s losses triggered by a weaker-than-expected jobs report and President Trump’s newly announced tariffs.

Today, traders are watching for the latest U.S. trade deficit data, as well as earnings reports from several major companies including Caterpillar, Pfizer, AMD, Yum! Brands, and Snap.

Meanwhile, the White House is reportedly drafting an executive order aimed at preventing banks from dropping customers based on political beliefs. According to the Wall Street Journal, the order would direct regulators to investigate whether banks have violated the Equal Credit Opportunity Act, antitrust laws, or consumer protection regulations. President Trump has previously accused major banks like JPMorgan Chase and Bank of America of discriminating against conservatives—an allegation both institutions deny.

In consumer news, Amazon is expanding its autos business by offering used and certified pre-owned cars, starting in the Los Angeles area. Hyundai dealers are the first to list inventory under the new program, thanks to a pre-existing partnership. The retail giant is offering buyer protections including a 3-day/300-mile return policy and a minimum 30-day/1,000-mile warranty.

With your CNBC Morning Business Report, I’m Silvana Henao.

Explore: NBCPalmSprings.com, where we are connecting the Valley.