By Heard Editors
What Happened in Markets Today
Stocks lose steam. Despite a strong opening, U.S. stocks lost momentum as the day wore on, with major indexes closing in the red. The Dow slipped 156 points while the S&P 500 declined by 0.2%.
Banks are making bank on the fear trade. Bank of America and Citigroup are the latest banking giants to report a strong boost in trading revenue during the first quarter, as investors scrambled to position ahead of new tariffs. The two stocks rose 3.6% and 1.8% respectively on Tuesday.
Boeing caught in trade war escalation. The aircraft maker's shares lost more than 2% Tuesday-leading decliners on the Dow-after the Chinese government told airlines there not to order any new Boeing jets.
Netflix sees a big show ahead. The streaming giant has plans to get much bigger, with internal goals aiming for a doubling of revenue by 2030, according to a Wall Street Journal report. Netflix shares jumped nearly 5% Tuesday.
This analysis comes from the Journal's Heard on the Street team. Subscribe to their free daily afternoon newsletter here.
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(END) Dow Jones Newswires
April 15, 2025 17:00 ET (21:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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