📢 Hello investors!
Today, the U.S. stock markets closed slightly lower amid growing uncertainty surrounding President Trump's tariff policies. However, strong quarterly results from major banks provided some positive sentiment.
- Dow Jones Industrial Average: 40,368.96 (-0.38%)
- S&P 500 Index: 5,396.63 (-0.17%)
- Nasdaq Composite: 16,823.17 (-0.05%)
- USD/KRW Exchange Rate: 1,428.50 (+0.46%)
🌐 Key Highlights
1. 🇺🇸 Uncertainty Over Trump’s Tariff Policies
President Trump announced a 90-day tariff waiver for countries excluding China.
However, he also hinted at a new trade investigation into the pharmaceutical and semiconductor sectors, amplifying market uncertainty.
(wsj.com)
2. 🏦 Strong Earnings from Major Banks
Bank of America and Citigroup posted Q1 earnings that beat market expectations.
BoA CEO Brian Moynihan said the U.S. economy remains on solid footing and downplayed recession concerns for 2025.
(investopedia.com)
3. ✈️ United Airlines to Cut Summer Flights
United Airlines announced it would reduce domestic flights by about 4% starting in July,
citing concerns over a potential drop in travel demand due to economic uncertainty.
(businessinsider.com)
4. 🛫 Boeing Shares Drop After China Freezes New Orders
China reportedly instructed its airlines to halt new orders of Boeing aircraft,
leading to a 2.4% drop in the company’s stock.
The move is seen as an escalation in the U.S.–China trade tensions.
(wsj.com)
💡 Investment Insights
✅ Closely Monitor Tariff Developments
With shifting U.S. trade policy under Trump, staying informed on tariff updates is crucial for market positioning.
✅ Maintain a Positive Outlook on Financial Stocks
Strong bank earnings suggest continued resilience in the financial sector, meriting investor attention.
✅ Be Cautious on Airlines and Industrials
Flight reductions and trade tensions affecting companies like United Airlines and Boeing highlight sector-specific vulnerabilities.
📝 Final Thoughts
Today’s markets closed slightly down due to uncertainties in trade policy, but the robust bank earnings provided a dose of optimism. As we move forward, keep a close watch on global trade developments and upcoming earnings reports. Now more than ever, a well-researched and cautious investment strategy is key.