US Open: US500 up 2% 📈Microstrategy shares surge 9% as Bitcoin rebounds above $90k

The U.S. stock market is returning to gains today after a very weak Monday. The US100 and US500 indices are up by around 2%. Riding the wave of increased risk appetite, Bitcoin is bouncing back above $90,000, and MicroStrategy (MSTR.US), the largest public holder of BTC, sees its stock rise by over 9%. Tesla (TSLA.US) shares are up nearly 4% ahead of its earnings report, which the company will release after the U.S. session.

• Netflix gains another 7% following yesterday's increase; a recovery is also seen in tech stocks. Among BigTech, Apple and Nvidia are performing the best.
• Bitcoin surpasses $90,000, sparking a revival in blockchain-related stocks. Coinbase and MicroStrategy stocks are gaining.
• The US defense sector is under pressure—Lockheed Martin shares are down more than 2% after its earnings, while Raytheon Technologies—America's largest defense contractor—has seen an 8% drop.
• We also observe significant declines in Northrop Grumman shares, as the defense company disappointed with its earnings forecast.
• Weaker-than-expected data from the Richmond Fed—its reading came in at -13, compared to expectations of -7. The IMF has downgraded its U.S. GDP growth forecast for 2025 to 1.8% year-on-year, compared to 2.7% previously, and raised the recession risk to 40% from 27% in October.
• Verizon shares see a slight increase despite weaker results. The company reported a larger-than-expected drop in mobile phone subscribers in the first quarter, due to strong competition and reduced spending from government agencies. However, following strong earnings reports, shares of 3M and GE Aerospace are rising.
• Solar stocks are sharply up after the U.S. imposed new tariffs on solar panel imports from four Southeast Asian countries—the maximum tariff will reach as high as 3,521%.

Among the strongest performers in the U.S. stock market today are definitely Netflix, up nearly 7%, and MicroStrategy. Gains are dominating almost every market sector. Source: xStation5

US100 Chart (D1 Time Interval)

Source: xStation5

Company News

• 3M (MMM.US) – The company is up 3% after confirming its financial outlook for the full year, despite pointing out new risks arising from the trade war.
• Calix (CALX.US) – The stock rises 14% after announcing quarterly results better than expected and providing an optimistic outlook for the coming months.
• Danaher (DHR) – Shares gain 3% after posting quarterly results that exceeded analysts' expectations.
• Halliburton (HAL.US) – Down 4% after reporting first-quarter results—both earnings per share and revenue were lower than last year.
• Kimberly-Clark (KMB.US) – Down 2% after disappointing organic sales results and announcing additional costs of around $300 million in 2025 due to tariffs.
• Synchrony Financial (SYF.US) – The company rises 4% after confirming its full-year net revenue forecasts.
• Zions Bancorp (ZION.US) – Under pressure after posting first-quarter results that missed analysts' expectations.

Microstrategy (MSTR.US, D1 interval)

Shares surge above EMA50 signalling trend reversal 'on the table' with supportive double bottom technical pattern. Also, price defended EMA200 levels twice, signalling strong demand in $300 zone. Bitcoin surge above $90k increases the company NAV as Microstrategy holds more than 531k Bitcoins.

Source: xStation5