Stock market today: Stocks look to bounce back | Official Website of Louis Velazquez, entrepreneur, finance guy and tech innovator

9:30 a.m. today.

So far, the stock market looks like a winner on Tuesday.

Futures trading suggests the major averages will all open higher after Monday’s serious drubbing.

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Corporate America will give investors something more to think about other whether President Trump will (or even can) fire Federal Reserve Chairman Jerome Powell.

There’s Tesla (TSLA) earnings to get ready for after the close. Tesla shares were up 1.3% ahead of the open. On Monday, the shares closed down 5.75%. They had been down as much as 7.7%.

Two big companies reported decent earnings, and shares were higher ahead of the bell: 3M (MMM) and GE Aerospace (GE) . Verizon VZ shares were better than expected, shares were lower ahead of the open.

How the indexes will open

Here’s how the indexes look to open.

The S&P 500 looks to open up 52 points after falling 2.4% on Monday.
The Nasdaq Composite Index was sporting a gain of better than 1% with a 196-point gain, up from Monday’s 2.6% loss.
The Dow Jones Industrial Average was looking at a 379-point at the open. It fell 972 points on Monday .

Stocks plunged on Monday on concern over whether Trump would try to remove Powell from his post. Trump wants the Fed to aggressively cut interest rates and routinely berates Powell and the central bank from not moving swiftly to cut rates in the aftermath of his tariff cuts.

Traders work on the floor of the New York Stock Exchange (NYSE) in March.

Spencer Platt/Getty Images

A terrible April

The Dow is looking at its worst April performance since 1932 when Herbert Hoover was president and the economy was in free-fall from the Depression, The Wall Street Journal noted.

More Wall Street Analysts:

The index was down 9.1% for the month after Monday’s trading. The S&P 500 was off 8.1%, and the Nasdaq was down 8.3%.

The market overall was up in January and has been down every month since. The biggest problem has been the market reaction to Trump’s tariff plan. The Powell question has exacerbated the tensions.