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Wall Street Wobbles After 2-Day Rally: Boeing Crashes, Bank of America Surges, and Tariff Drama Returns

Wall Street train station“/ CC0 1.0

After a two-day tech-fueled rally, U.S. stock futures dipped slightly on Tuesday as investors turned cautious ahead of major corporate earnings.

  • ๐Ÿ“‰ Dow Jones Futures fell 143 points (-0.3%)

  • ๐Ÿ“‰ S&P 500 Futures dropped 0.2%

  • ๐Ÿ“‰ Nasdaq-100 Futures slipped 0.2%

The market had surged Monday after news that the U.S. would temporarily exempt certain electronics from tariffs, lifting tech stocks like Apple and Nvidia.

๐Ÿ”ฅ Key Movers & Market Highlights:

  • ๐Ÿ›ซ Boeing stock plunged 4% after China halted deliveries of its jets amid trade tensions.

  • ๐Ÿ’ผ Bank of America posted a strong Q1 with a 9% rise in trading revenue, beating Wall Street estimates.

  • ๐Ÿฅ Johnson & Johnson beat earnings expectations but saw muted stock movement.

  • ๐Ÿฆ Citigroup also topped forecasts with solid earnings and revenue.

๐ŸŒ€ Whatโ€™s Driving the Volatility?

  • President Trump hinted at possible pauses on auto tariffs, but mixed signals keep traders wary.

  • Investors remain uncertain about the long-term impact of US-China trade tensions and upcoming Fed decisions.

  • Global markets followed Wall Streetโ€™s lead, with Asian and European indexes mostly closing higher.

๐Ÿ“Š What to Watch This Week:

  • Major earnings ahead: Netflix, United Airlines, and more.

  • Key data: Import/Export Prices, Empire State Manufacturing Index.

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