On Tuesday, U.S. stocks experienced modest losses as investors considered first-quarter earnings reports and enjoyed a decrease in market volatility. The Dow Jones Industrial Average dropped 0.38%, the S&P 500 declined 0.17%, and the Nasdaq Composite ticked down 0.05%. This comes after two consecutive winning sessions. The Cboe Volatility Index, which measures market fear, fell to 30 from a high of 60 last week.
Bank of America and Citigroup saw stock gains after surpassing analyst expectations for the first quarter, contributing to a rise in bank stocks overall. Major upcoming earnings reports include United Airlines and Netflix. However, Boeing shares fell after Beijing reportedly instructed Chinese airlines not to accept further deliveries of Boeing planes.
Last week, guidance from U.S. Customs and Border Protection revealed exemptions for electronic products from reciprocal tariffs, providing a boost to the market. Despite recent progress, the major indexes are still recovering from losses following Trump’s tariff announcement on April 2. The Dow and Nasdaq have each dropped 4.4%, while the S&P 500 has fallen 4.8%.
Larry Tentarelli, from the Blue Chip Daily Trend Report, noted that while the worst-case scenario is no longer a concern, market volatility could still be triggered by unexpected headlines. The market remains susceptible to fluctuations despite recent improvements.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
