U.S. Stock Futures Steady Amid Tariff News

As the U.S. stock market gears up for action, futures are holding steady. Positive vibes linger after last week’s rise fueled by announcements of tariff exemptions for specific tech items. Nasdaq futures are slightly up by 0.1%, following a solid 0.6% gain in the previous session. Meanwhile, S&P 500 and Dow futures reflect minimal changes after both indexes rose by 0.8% on Monday. In other markets, Bitcoin is climbing, trading around $85,500, and the 10-year Treasury yield nudges upwards to nearly 4.4%. Oil prices are dipping, while gold sees a slight uptick.

Boeing Faces Headwinds as China Halts Jet Deliveries

Boeing (BA) is experiencing a rough start, with shares dropping approximately 3.5% in premarket trading. The decline comes after reports that Chinese authorities have instructed airlines to refrain from accepting deliveries of Boeing jets, amidst escalating trade tensions. Following President Trump’s hefty tariff hike on Chinese imports, which reached as high as 145%, China retaliated with a 125% tariff on U.S. products, making Boeing’s aircraft prohibitively expensive in the Chinese market.

Netflix on the Rise: Ambitious Financial Projections Unveiled!

Netflix (NFLX) is basking in a surge of optimism, with shares jumping over 2% in premarket trading. This uptrend follows revelations that the streaming titan aims to double its revenue by 2030. Reports indicate that during a meeting with senior staff, executives outlined ambitious targets including a $1 trillion market cap and $9 billion in global ad revenues. Currently valued around $400 billion, Netflix is set to release its first-quarter earnings this Thursday.

Bank of America Scoops Up Gains After Surpassing Earnings Expectations

Bank of America (BAC) is riding a wave of positive momentum, with stock climbing nearly 2% in premarket trading. The banking powerhouse reported quarterly earnings per share (EPS) of $0.90, outshining analyst predictions of $0.82, alongside a revenue of $27.37 billion compared to the expected $26.80 billion. CEO Brian Moynihan expressed confidence, asserting that the bank is well-positioned for continued growth despite potential economic shifts ahead. Notably, BAC shares have seen a 17% decline this year, leading to this encouraging turnaround.

Johnson & Johnson Surpasses Expectations and Boosts Sales Forecast

In a promising update, Johnson & Johnson (JNJ) has reported results that exceeded market forecasts and has raised its operational sales outlook for the entire fiscal year. Investors are eagerly awaiting further developments as the company demonstrates resilience amid changing market dynamics.