All three major US market indexes were up over 2.0% in late-morning trading Tuesday as stocks look to rebound from Monday's sharp sell-off.

In company news, Boeing (BA) said Tuesday it entered into a definitive agreement to sell parts of its Digital Aviation Solutions to Thoma Bravo in an all-cash deal valued at $10.55 billion. Boeing will retain core digital capabilities to provide commercial and defense customers with fleet maintenance, diagnostics and repair services, the company said, adding that the deal is expected to close by the end of the year, subject to regulatory approvals and closing conditions. Boeing shares were up 0.7% around noon.

RTX (RTX) is projecting a pre-tax operating profit impact of around $850 million from President Donald Trump's widespread tariff rollout, Chief Financial Officer Neil Mitchill Jr. said Tuesday on the company's earnings call. Assuming current tariff rates remain in place for the rest of the year, RTX is estimating a cost impact of roughly $250 million related to Canada and Mexico tariffs, $250 million for China tariffs, $300 million for the rest of the world, and around $50 million stemming from steel and aluminum tariffs, the CFO said. The company reported Q1 adjusted earnings Tuesday of $1.47 per diluted share, up from $1.34 a year earlier and above the consensus estimate of analysts polled by FactSet, calling for $1.35. First-quarter revenue was $20.31 billion, up from $19.31 billion in the year-ago period and above the FactSet consensus estimate of $19.82 billion. RTX shares were down 9.0%.

3M (MMM) reported Q1 adjusted earnings Tuesday of $1.88 per diluted share, up from $1.71 a year earlier and above the FactSet consensus estimate of $1.77. First-quarter net sales were $5.95 billion, down from $6.02 billion in the year-ago period but above the FactSet consensus of $5.76 billion. The company said it expects a tariff-related hit of $0.20 to $0.40 to EPS in 2025, and it left its adjusted EPS guidance of $7.60 to $7.90 unchanged. 3M shares were up 6.9%.

Verizon Communications (VZ) reported Q1 adjusted earnings Tuesday of $1.19 per share, up from $1.15 a year earlier and above the FactSet consensus of $1.15. First-quarter operating revenue was $33.49 billion, up from $32.98 billion a year ago and above the FactSet consensus of $33.28 billion. The telecommunications giant said it lost 289,000 net retail postpaid phone subscribers in Q1, up from 114,000 losses in the year-ago period. Verizon shares were up 1.2%.

Lockheed Martin (LMT) reported fiscal Q1 earnings Tuesday of $7.28 per diluted share, up from $6.39 a year earlier and above the FactSet consensus of $6.30. Fiscal Q1 sales were $17.96 billion, up from $17.20 billion a year ago and above the FactSet consensus of $17.78 billion. The company reiterated its fiscal 2025 EPS outlook of $27 to $27.30 on $73.75 billion to $74.75 billion in sales. Lockheed shares were up 1.6%.

Northrop Grumman (NOC) reported Q1 earnings Tuesday of $3.32 per diluted share, down from $6.32 a year earlier and below the FactSet consensus of $6.25. First-quarter sales were $9.47 billion, down from $10.13 billion a year earlier and below the FactSet consensus of $9.92 billion. The company cited a $477 million pretax loss provision on the B-21 program for the drop in sales. It also lowered its 2025 adjusted EPS guidance to a range of $24.95 to $25.35 from $27.85 to $28.25. Northrop shares were down 11.7%.

Price: 160.46, Change: +1.12, Percent Change: +0.70