Former AL Rookie of the Year Michael Fulmer brought up by Red Sox in return from Tommy John surgery

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Former AL Rookie of the Year Michael Fulmer brought up by Red Sox in return from Tommy John surgery

2025-04-14 05:51 Last Updated At：06:01

CHICAGO (AP) — Former AL Rookie of the Year Michael Fulmer, returning from Tommy John surgery, was brought up from the minor leagues on Sunday when the Boston Red Sox placed right-hander Richard Fitts on the 15-day injured list with a right pectoral strain.

A 32-year-old right-hander, Fulmer has not pitched in the big leagues since 2023 with the Chicago Cubs. He had Tommy John revision surgery on Oct. 18, 2023, signed a minor league contract with Boston the following Feb. 2 and did not pitch last year.

Fulmer had a 0.79 ERA in five spring training appearances for the Red Sox, striking out 12 and walking three in 11 1/3 innings. He had a 3.09 ERA in two starts and one relief appearance for Triple-A Worcester, striking out 18 and walking six in 11 2/3 innings. His four-seam fastball averaged 92.4 mph.

Fulmer, won the 2016 AL Rookie of the Year with Detroit, had Tommy John surgery on March 27, 2019, and returned to the major leagues on July 27, 2020, just after the start of the pandemic-shortened season.

He is 37-50 with a 3.94 ERA in 90 starts and 172 relief appearances for Detroit (2016-22), Minnesota (2022) and the Cubs (2023).

Fulmer's contract was selected from Worcester before a 3-1 win over the Chicago White Sox. Red Sox manager Alex Cora said he expects to use Fulmer out of the bullpen.

Fulmer has a contract paying a $1.5 million salary while in the major leagues and $180,000 while in the minors.

He can earn $2 million in performance bonuses for innings and $500,000 for relief appearances. Fulmer would get $50,000 each for 75, 80, 85, 90 and 95 innings, $100,000 apiece for 100, 110, 120, 130 and 140, and $250,000 each for 150, 160, 170, 180 and 190. He also would earn $100,000 each for 40, 45, 50, 55 and 60 relief appearances.

Fitts will undergo an MRI on Monday to determine the extent of his injury, Cora said. The 25-year-old left Saturday's game against the White Sox with shoulder discomfort as he was facing Miguel Vargas, Chicago's first hitter in the sixth inning.

Making his seventh big league start, Fitts had a 2-0 lead and allowed two hits. He was in position for his first major league win when he was replaced by Zack Kelly with a 2-2 count on Vargas. Vargas walked and two batters later Luis Robert Jr. hit a two-run homer,

Chicago went on to win 3-2 on pinch-hitter Brooks Baldwin's RBI single in the ninth.

Fitts has a 2.39 ERA in seven starts for the Red Sox over two seasons. He is 0-2 with a 3.18 ERA this year.

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Wall Street rallies and recovers all of Monday's slide as the dollar and US bond market steady

2025-04-23 00:14 Last Updated At：00:21

NEW YORK (AP) — U.S. stocks are rallying as companies report fatter profits than expected. The S&P 500 climbed 2.6% Tuesday and recovered all of its drop from Monday, which came on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve. The Dow Jones Industrial Average rose 1,021 points, or 2.7%. and the Nasdaq composite climbed 3%. Equifax, PulteGroup and 3M helped lead the way following better-than-expected profit reports. The value of the U.S. dollar also stabilized after sliding against the euro and other competitors, while Treasury yields held steadier in the bond market.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

NEW YORK (AP) — U.S. stocks are rallying Tuesday after companies reported fatter profits than expected, and other U.S. investments are also steadying a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve.

The S&P 500 was 2% higher in morning trading and on track to recover most of Monday’s drop. The Dow Jones Industrial Average was up 765 points, or 2%, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 2.2% higher.

The value of the U.S. dollar also stabilized after sliding against the euro and other competitors, while Treasury yields held steadier. Sharp, unusual moves in those markets have recently raised worries that Trump’s policies are making investors more skeptical that U.S. investments still deserve their reputations as the world’s safest.

The only prediction many Wall Street strategists are willing to make is that financial markets will continue to jerk up and down as hopes rise and fall that Trump may negotiate deals with other countries to lower his tariffs. Otherwise, many investors expect the economy to fall into a recession.

The International Monetary Fund on Tuesday slashed its forecast for global economic growth this year to 2.8%, down from 3.3%. But Vice President JD Vance also said he made progress with India's prime minister, Narendra Modi, on trade talks Monday.

Some signs of nervousness remain in financial markets. Gold continued to rise, for example, as it holds onto its reputation as a safer investment when fear is dominating markets.

A suite of better-than-expected profit reports from big U.S. companies, meanwhile, drove U.S. stocks higher.

Equifax jumped 11.8% after reporting better profit for the first three months of 2025 than analysts expected. It also said it would send more cash to its shareholders by increasing its dividend and buying up to $3 billion of its stock over the next four years.

3M climbed 7.6% after the maker of Scotch tape and Command strips said it made more in profit from each $1 of revenue during the start of the year than it expected. The company also stood by its forecast for profit for the full year, though it said tariffs may drag down its earnings per share by up to 40 cents per share.

Homebuilder PulteGroup rose 6.2% after it likewise delivered a stronger profit for the start of 2025 than analysts expected.

It’s been benefiting from the sharp moves in the bond market. The unusual drops for Treasury yields recently are translating into lower rates for mortgages for potential customers. The drops for stock prices that are happening at the same time, though, are likely also scaring potential buyers.

CEO Ryan Marshall said buyers “remain caught between a strong desire for homeownership and the affordability challenges of high selling prices and monthly payments that are stretched.”

Tesla rose 4.1% ahead of its earnings report, which is scheduled to arrive after trading ends for the day. That trimmed its loss for the year so far below 42%.

Elon Musk’s electric car company has already reported its first-quarter car sales dropped by 13% from the year before. It's been hurt by vandalism, widespread protests and calls for a consumer boycott amid a backlash to Musk’s high-profile role in the White House overseeing a cost-cutting purge of U.S. government agencies.

Stocks also showed how Trump’s tariffs could create winners and losers in a remade global economy.

First Solar jumped 13.5% after the U.S. Department of Commerce finalized harsher-than-expected solar tariffs on some southeast Asian communities.

Defense contractors had some of the market's sharpest losses after RTX said U.S. tariffs on Mexican and Canadian imports, along with other products, could mean an $850 million hit to its profit this year. RTX, which builds airplane engines and military equipment, fell 8.4% even though it reported a stronger profit for the latest quarter.

Kimberly-Clark lost 2.2% even though the maker of Huggies and Kleenex likewise reported a better-than-expected profit.

CEO Mike Hsu said that “the current environment will now mean greater costs across our global supply chain” versus what it expected at the start of the year, and the company lowered its forecast for an underlying measure of profit this year.

In the bond market, the yield on the 10-year Treasury eased to 4.39% from 4.42% late Monday.

AP Business Writers Yuri Kageyama and Matt Ott contributed.