"Futures Soar on Retail Sales Surge Despite Tesla Layoffs"

The stock market initially rose on Monday, with the Dow Jones, S&P 500, and Nasdaq climbing, but gains were later pared as Treasury yields surged. Tesla's stock fell after announcing significant layoffs, while Apple's iPhone sales declined. Goldman Sachs reported strong earnings, and Charles Schwab also beat Wall Street views. Meanwhile, March retail sales exceeded forecasts, and the New York Fed's April Empire State Manufacturing Index improved. The stock market rally suffered losses last week, especially on Friday due to Iran-Israel fears, with the Nasdaq faring the best. Additionally, Nvidia stock rebounded from a key level.