Shares flipped into red territory this afternoon, with the Dow paring a triple-digit result in end 155 factors decrease, because the S&P 500 tumbled and the Nasdaq fell flat. Merchants stay unsure about President Trump’s tariff insurance policies, particularly after Commerce Secretary Howard Lutnick urged exemptions for smartphones, chips, and computer systems could also be short-term.
Earnings season was additionally in focus because the financial institution sector shared upbeat outcomes, with experiences to return from Boeing (BA) and Netflix (NFLX) later this week. Regardless of the uneven buying and selling and low-volume session at the moment, the Cboe Volatility Index (VIX) logged a third-straight loss.
Proceed studying for extra on at the moment’s market, together with:
- Defense stock testing key trendline earlier than earnings.
- Maintain tabs on these 3 discount retailers.
- Plus, BA grounded; financial institution earnings to unpack; and the way tariffs affect the ‘Broligarchs.’
5 Issues to Know Immediately
- President Trump threatened to revoke Harvard’s tax-exempt status after the college rejected calls for to alter its governance construction. (Wall Road Journal)
- CEO Mark Zuckerberg thought of separating Instagram from Meta Platforms (META) in 2018, per an e-mail offered to the courtroom throughout his second day of testimony within the Federal Commerce Fee’s (FTC) antitrust trial. (CNBC)
- China’s delivery halt pressures Boeing inventory.
- 2 financial institution shares greater on upbeat quarterly results.
- Can the Broligarchs climate a tariff-driven storm?
Gold Strikes Greater on Softer Dollar
Oil costs fell on Monday, after the Worldwide Vitality Company (IEA) adopted within the Group of the Petroleum Exporting International locations’ (OPEC) footsteps and lowered its demand outlook, although tariffs tapered losses. Could-dated West Texas Intermediate (WTI) crude fell 21 cents, or 0.3%, to complete at $64.67 per barrel.
A softer U.S. greenback and safe-haven demand drove gold greater at the moment. June-dated gold was final seen up 0.6% at $3,245 an oz for the session.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
