By Joe Woelfel and Mackenzie Tatananni

Stocks were trading mixed on Tuesday as investors tried to make sense of the latest signals on trade policy from the Trump administration.

These stocks were making moves:

Boeing was down 1.6% after a Bloomberg report said China ordered its airlines not to take any further deliveries of the company's jets, marking the latest escalation in the trade war between Washington and Beijing. The aerospace company didn't immediately respond to a request for comment.

Tesla was trading flat after rising earlier in the session. The stock chart of the electric-vehicle maker on Monday formed a death cross, a trading term for when a shorter-term moving average crosses over a longer-term moving average. In this instance, the 50-day moving average moved below the 200-day moving average. A death cross often is a sign that a stock is losing momentum.

Netflix aims to achieve a $1 trillion market capitalization and double its revenue to $39 billion by 2030, according to The Wall Street Journal, which was told about the forecasts from people who attended the streaming company's annual business review meeting last month. Netflix also set a goal of tripling its operating income by 2030 from $10 billion last year, one of the people told the Journal.

Netflix shares rose 5.4%. The company is scheduled to report quarterly earnings on Thursday.

Bank of America, the second-largest U.S. bank by assets, posted first-quarter earnings of 90 cents a share, beating analysts' consensus forecast of 82 cents a share. Revenue of $27.4 billion topped forecasts of $26.97 billion but net interest income of $14.4 billion missed expectations of $14.9 billion. The stock was 4.2% higher.

Citigroup posted first-quarter earnings of $1.96 a share, better than Wall Street estimates of $1.85. The bank's net interest income rose 4% from a year earlier to $14 billion, more than analysts' forecasts. The stock rose 3.3%.

Johnson & Johnson posted better-than-expected first-quarter earnings and revenue, boosting its full-year sales outlook to reflect the acquisition of drug developer Intra-Cellular Therapies. The company, which spans multiple sectors including pharma and biotech, reported growth across its innovative medicine and medical technology segments during the quarter. The stock fell 0.2%.

Hewlett Packard Enterprise rose 4.7% after Elliott Investment Management took a $1.5 billion stake in the technology company. The New York-based investment management firm plans to engage with the company to boost shareholder value, a person familiar with the matter told Barron's.

Palantir Technologies rose 5.3%. The data-analytics company closed up 4.6% on Tuesday after the North Atlantic Treaty Organization said it would be using the company's artificial intelligence-enabled software to modernize its military capabilities. William Blair analyst Louie DiPalma said the agreement has "broader geopolitical significance than just another win for Palantir" amid Wall Street concerns that Europe wants to rely less on American defense contractors.

Shares of Apple fell 0.3%, reversing earlier gains. The stock rose 2.2% on Monday following President Donald Trump's rollback of certain tariffs for the tech industry. Apple remains down almost 10% since the president's tariffs announcement on April 2.

Allegro MicroSystems fell 9.2% to $19.98 after ON Semiconductor withdrew a proposal to acquire the chip maker for $35.10 a share. In a statement, ON Semiconductor said it determined there was "no actionable path forward." Allegro spurned ON Semiconductor's latest proposal, which has an implied equity value of $6.9 billion, in early March. On Semi was up 0.8%.

Applied Digital, the digital infrastructure company, reported a fiscal third-quarter loss of 8 cents a share, narrower than analysts' estimates that called for a loss of 10 cents. Revenue jumped 22% to $52.9 million but missed expectations of $64.8 million. The stock cratered nearly 36%.

Dow Inc. fell 3.2% to $27.95 after shares of the chemical maker were double-downgraded to Underperform from Buy at BofA Securities. The brokerage cut its price target to $28 from $44.

Rocket Lab rose 7.4% after the space-launch and technology provider obtained new hypersonic business in the U.S. and the U.K. The company announced two new opportunities for its HASTE launch system. HASTE is a "suborbital hypersonic testbed launch vehicle derived from Rocket Lab's Electron rocket," according to the company.

Earnings reports are expected later Tuesday from United Airlines, Interactive Brokers, and J.B. Hunt Transport Services.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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April 15, 2025 15:06 ET (19:06 GMT)

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