By Joe Woelfel

Stock futures were mostly lower Tuesday, a day after equities soared as the U.S. and China agreed to slash tariffs on each other's goods for 90 days and continue trade talks, and as U.S. inflation at the consumer level cooled in April.

These stocks were poised to make moves Tuesday:

UnitedHealth was falling 9% as the health insurer named Stephen J. Hemsley as its CEO, following Andrew Witty's decision to step down as chief executive for personal reasons, and as the company suspended its 2025 outlook. The company said "care activity continued to accelerate while also broadening to more types of benefit offerings than seen in the first quarter, and the medical costs of many Medicare Advantage beneficiaries new to UnitedHealthcare remained higher than expected."

UnitedHealth's peers also were trading lower. CVS Health was down 3%, Elevance Health declined 3.9%, and Humana fell 2.6%.

Amazon.com rose 1.5% in premarket trading, Meta Platforms was up 1.1%, Apple rose 0.2%, and Nvidia was up 1.4% after the Magnificent Seven stocks collectively added $830.9 billion in market cap in Monday's risk-on rally, the second-largest one-day market cap gain for the group on record, according to Dow Jones Market Data. Amazon.com finished Monday's session up 8.1%, Meta gained 7.9%, Apple, which makes most of its iPhones in China, rose 6.3%, and Nvidia rose 5.4%.

Tesla was rising 1.3% after closing with a gain of 6.8% on Monday. The market cap of the electric-vehicle company, which also is a member of the Magnificent Seven, on Monday moved back above $1 trillion, which hasn't happened since late February. The House Ways and Means Committee late Monday published a markup of a bill intended to be part of President Donald Trump's "One Big Beautiful Bill" that would see EV purchase tax credits eliminated by the end of 2025.

U.S.-listed shares of JD.com rose 3.1% after the Chinese e-commerce company posted first-quarter earnings and revenue that rose from a year earlier. Net profit in the quarter jumped 53% to 10.89 billion yuan ($1.51 billion).

Coinbase Global jumped 11% after it was announced the cryptocurrency trading platform would be added to the S&P 500 on May 19. Coinbase will replace Discover Financial Services, which is being acquired by Capital One Financial in a deal that is expected to close soon, according to S&P Dow Jones Indices.

Boeing rose 1% after a Bloomberg report said China removed a month-long ban on airlines taking delivery of the company's planes.

FedEx rose 1.5% as Amazon.com said it would be working with the logistics provider on last-mile delivery. "We've reached an agreement with FedEx to serve as one of several third-party partners to deliver packages to our customers," Amazon spokesman Steve Kelly told The Wall Street Journal. Back in January, United Parcel Service announced it would reduce volume with Amazon, its largest customer, by 50% in the second half of 2026.

Hertz Global reported a first-quarter adjusted loss of $1.12 a share, wider than analysts' estimates that called for a loss of 98 cents, as revenue declined 13% to $1.8 billion and missed expectations of $2 billion. The stock fell 4.9%.

Rigetti Computing, the quantum-computing company, reported first-quarter revenue of $1.5 million, a decline from $3.1 million a year earlier and below analysts' forecast of $2.6 million. Rigetti's operating loss in the quarter was $21.6 million, wider than a year-earlier loss of $16.6 million. Shares dropped 9.3%.

Venture Global was falling 4%. The natural gas exporter reported earnings below Wall Street estimates and trimmed its profit outlook for the year.

On Holding, the running-shoe and apparel company, reported first-quarter first-quarter adjusted earnings that wer slightly below estimates, but revenue of 726.6 Swiss francs topped Wall Street forecasts. The stock rose 8%.

Write to Joe Woelfel at joseph.woelfel@barrons.com

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May 13, 2025 08:43 ET (12:43 GMT)

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