Tesla, Boeing, Intel Rise on Earnings; Musk Cuts Time at U.S. Government Efficiency; Texas Instruments Gains 9%

U.S. stock markets experienced notable movements on April 23 and 24, 2025, driven by earnings reports, corporate guidance, and geopolitical developments. Tesla shares rose about 7% premarket on April 23 despite missing Q1 earnings, buoyed by CEO Elon Musk's announcement that he would reduce his involvement with the U.S. Department of Government Efficiency (DOGE) to focus more on Tesla. Boeing shares gained 4.5% after beating revenue expectations and reporting better-than-expected loss per share and negative free cash flow, with plans to increase 737 production to 38 units per month. Intel rose 3.6% following news of plans to cut over 20% of its workforce to streamline operations under new leadership. AT&T also posted a 4% gain after beating Q1 expectations. Market optimism was supported by reports that the White House might halve some tariffs on China, contributing to a rally in tech stocks. On April 24, Texas Instruments surged 9% after beating earnings per share and revenue estimates and issuing strong guidance for the next quarter. Lam Research rose 4.5% with top- and bottom-line beats and a positive outlook for Q2. Hasbro reported strong Q1 metrics, gaining 8%, while Bristol Myers Squibb topped EPS and revenue estimates, reaffirming a strong full-year outlook. IBM initially rose on strong earnings but declined 6% after losing 15 government contracts. Southwest Airlines fell 3% after withdrawing full-year EBIT guidance, and Comcast dropped 4% despite beating EPS and revenue, due to weaker broadband subscriber growth. Consumer goods companies PepsiCo and Procter & Gamble lowered their outlooks citing tariff uncertainties and consumer pressures. The market showed sustained gains over three consecutive days amid easing Wall Street fears and positive corporate earnings reports.