What's moving markets today: April 23, 2019

By CNN Business

Updated 4:01 PM ET, Tue April 23, 2019

What we covered here today

Markets: The S&P 500 and the Nasdaq Nasdaqboth closed at record highs.
Kohl's (KSS) stock soared 12% after a deal to accept Amazon returns.
Snap (SNAP) said it added 4 million users, and that briefly sent shares up 10% after-hours.
Oil hit another 6-month high, closing at $66.30.
he S&P 500 and the Na blamed a drop in sales on the trade war.is having trade war pains.

4:56 p.m. ET, April 23, 2019

What’s next for investors on Wednesday?

From CNN Business' Anneken Tappe

US stocks closed with a record-breaking bang. Now investors are getting ready for the day ahead, and so are we.

Boeing (BA) and Caterpillar (CAT) will post earnings before the bell.
It will be a quiet day in terms of economic data.
After tomorrow's close, we'll get earnings from Facebook (FB), Tesla (TSLA) and PayPal (PYPL).

4:26 p.m. ET, April 23, 2019

US stocks close higher, S&P 500 and Nasdaq hit record highs

From CNN Business' Anneken Tappe

It was a record-breaking day for US stocks.

The S&P 500 and the Nasdaq both broke through the all-time highs they set last year.

The S&P 500 rose 0.9%, closing at a record high of 2,934
The Nasdaq gained 1.3%, closing at a record high of 8,121
The Dow finished up 0.6%, or 145 points higher

First quarter earnings helped propel stocks higher, with health care, technology and consumer stocks posting strong gains.

Twitter (TWTR) and Hasbro (HAS) were the top performers on the S&P, jumping nearly 16% and 14%, respectively. Quest Diagnostics (DGX) closed up more than 9%.

5:13 p.m. ET, April 23, 2019

Snap stock jumps after it adds 4 million users, then falls back to Earth

From CNN Business' Kaya Yurieff and Seth Fiegerman

Snap's (SNAP) stock jumped as much as 10% in after-hours trading Tuesday after the company reported it added 4 million users in the first three months of 2019. It later gave back most of those gains to trade flat to slightly higher.

Snapchat had 190 million daily users during the quarter, up from 186 million daily users in the previous three months.
The company also reported higher revenue than Wall Street expected. Revenue rose 39% to $320 million from last year.

Snap's shares have more than doubled this year. Tuesday's results should help promote the narrative that the company is turning itself around after a rough 2018.

Snapchat also said it's finished rolling out the new version of its Android app, which could help it add more users.

3:45 p.m. ET, April 23, 2019

Oil hits a new 6-month high

From CNN Business' Anneken Tappe

Stocks weren't the only assets rallying Tuesday. US oil futures added to Monday’s gains and hit a 6-month high.

WTI crude oil futures settled at 66.30, up 1.1%, according to the Chicago Mercantile Exchange. US oil has gained a total of 56% since its December low of $42.53 a barrel.

On Monday, oil prices rallied after the US government said it would stop granting sanctions waivers to counties that buy Iranian oil. These exemptions had been in place for China, India, Japan, South Korea and Turkey.

5:01 p.m. ET, April 23, 2019

Kohl's stock spikes 12% on deal to accept Amazon returns

From CNN Business' Jordan Valinsky

Kohl's (KSS) stock soared 12% after it announced a new deal with Amazon (AMZN).

The department store said it will accept Amazon customers' order returns for free — even without the box it shipped in — at all of its more than 1,150 US stores beginning in July.

Shoppers can drop off their returns at customer service desks, and Kohl's will package and ship the items back to Amazon using its own logistics network.

The stock is now up nearly 14% for the year.

6:00 p.m. ET, April 23, 2019

Nasdaq tops all-time closing high shortly after the S&P did the same thing

From CNN Business' Anneken Tappe

The Nasdaq followed in the S&P 500's footsteps, climbing past its all-time closing high about half-way though Tuesday's trading session, and went on to close at a new record.

The Nasdaq surpassed its record close of 8,110 points thanks to top stocks like toy retailer Hasbro (HAS), which was up a whopping 15%.

The Nasdaq hit its all-time intraday high of 8,133 last September.

5:58 p.m. ET, April 23, 2019

S&P 500 zooms past all-time closing high

From CNN Business' Anneken Tappe

The S&P 500 broke above its all-time closing high of 2,930.75 in sday tramorning, and held those gains to close at a new record highoile US stocks were stronger across the board, the S&P was boosted specifically by health care and cyclical consumer stocks.

Meanwhile, the Dow wasn't toofar from own historical best of 26,828 points. It's hovering about 0.6% below that level.

11:54 a.m. ET, April 23, 2019

Snap's stock has soared 120% this year

From CNN Business' Jordan Valinsky

Snap (SNAP) reports its first quarter earnings after the bell. Shares have been on a steady climb — up 40% — since its last earnings report in February:

The stock is up 5% today and 120% since the beginning of the year.

Will it continue to race higher? CNN Business will cover Snapchat's earnings live when they come out at 4pm ET.

11:23 a.m. ET, April 23, 2019

S&P 500 edges toward record high

From CNN Business' Anneken Tappe

US markets are off to a strong morning, driven higher by gains in technology and health care, as well as consumer stocks that do well when the market is also performing well.

The S&P 500 is only about 4 points, or 0.1%, away from its all-time closing high of 2,930 points.

Twitter (TWTR) is the index's biggest gainer at nearly 17%, followed by toy retailer Hasbro (HAS) with more than 14%. Both companies reported earnings before the bell. Twitter saw strong user growth last quarter, while sales at Hasbro were encouraging.

Quest Diagnostics (DGX) was up 7%, and HCA Healthcare (HCA) increased more than 5%.

In the Dow, Coca-Cola (KO) led the field, rising 1.8%.

Telecom stocks were the weakest across the board. Verizon (VZ) was the biggest loser in the Dow, down 2%. The company reported ailing wireless revenues, but better-than-expected earnings.

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