Tesla Leads U.S. Stock Gains Amid CEO Political Fallout

Tesla shares rebounded nearly 5% following a sharp 14% drop caused by a public feud between CEO Elon Musk and President Donald Trump, easing concerns that had wiped out significant market value. Morgan Stanley reiterated Tesla as a top pick despite near-term volatility, maintaining a $410 price target while preparing investors for potential further fluctuations. Meanwhile, Circle Internet Group's stock surged again after a dramatic debut, reflecting enthusiasm for its USDC stablecoin amid ongoing interest in the cryptocurrency sector. Conversely, Lululemon Athletica shares plunged nearly 20% after the company slashed its earnings guidance due to tariff impacts, joining other apparel firms like G-III Apparel Group in warning of tariff-related profit pressures. Other stocks such as DocuSign and Braze also fell sharply after disappointing billings forecasts and lowered outlooks, while oil producers Chevron and Exxon Mobil saw gains amid optimism over a potential U.S.-China trade deal. Overall, market movements highlight a mixed but dynamic environment influenced by political tensions, trade concerns, and evolving sector-specific developments.