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Landon Zinda, former policy director for crypto think tank Coin Center, is the task force’s new senior advisor.

(Reuters) -The three major stock indexes closed higher on Tuesday, aided by energy stocks, while investors saw reason for optimism for a trade breakthrough between the U.S. and China after President Donald Trump delayed tariffs for Canada and Mexico. New 10% U.S. tariffs on Chinese imports took effect on Tuesday, which China countered with levies on U.S. goods. It was unclear when the country's leaders would talk and Trump said he was in no hurry.

Business communications software company 8x8 (NYSE:EGHT) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.2% year on year to $178.9 million. On the other hand, next quarter’s revenue guidance of $178 million was less impressive, coming in 2% below analysts’ estimates. Its non-GAAP profit of $0.11 per share was 27.6% above analysts’ consensus estimates.

Packaged snacks company Mondelez (NASDAQ:MDLZ) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.1% year on year to $9.60 billion. Its non-GAAP profit of $0.65 per share was in line with analysts’ consensus estimates.

Tax preparation company H&R Block (NYSE:HRB) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales were flat year on year at $179.1 million. The company expects the full year’s revenue to be around $3.72 billion, close to analysts’ estimates. Its non-GAAP loss of $1.73 per share was 8.6% below analysts’ consensus estimates.

Investors are assessing China's instant retaliation to Trump's additional tariffs, amid worries about the risk of a trade war.

Social network Snapchat (NYSE: SNAP) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 14.4% year on year to $1.56 billion. Its non-GAAP profit of $0.16 per share was 13.6% above analysts’ consensus estimates.

The S&P 500 added 0.7% on Tuesday, Feb. 4, as investors evaluated developments on U.S. tariffs, labor market data, and the latest earnings news.

Computer processor maker AMD (NASDAQ:AMD) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 24.2% year on year to $7.66 billion. Guidance for next quarter’s revenue was better than expected at $7.1 billion at the midpoint, 1.3% above analysts’ estimates. Its non-GAAP profit of $1.09 per share was in line with analysts’ consensus estimates.

Data protection and security software company Varonis (NASDAQ:VRNS) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.9% year on year to $158.5 million. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $132.5 million at the midpoint, or 1.7% above analysts’ estimates. Its non-GAAP profit of $0.18 per share was 27.3% above analysts’ consensus estimates.