The US stock market experienced mixed movements as tariff-related fluctuations eased, and investors focused on company earnings reports. The VIX index, known as the "fear gauge," decreased from a high of 60 points last week to 30 points. The Dow Jones closed down 155 points, or 0.4%, at 40,368 points. Meanwhile, the Nasdaq was stable with a minor drop of 8 points at 16,823 points, and the S&P 500 fell 9 points, or 0.2%.
Bank of America (BAC) and Citigroup (C) both exceeded first-quarter earnings expectations, with their stocks rising nearly 4% and 2%, respectively. This week, United Airlines (UAL) and Netflix (NFLX, Financial) are set to release their earnings reports. Netflix announced a goal to double its revenue by 2030 and aims for a market valuation of $1 trillion, boosting the stock nearly 5%.
Major tech stocks mostly saw declines. Meta (META) dropped nearly 2% due to a US antitrust investigation, while Alphabet (GOOG) and Amazon (AMZN) fell over 1%. Tesla (TSLA) saw a minor increase of less than 1%. Boeing (BA) declined over 2% following reports that China requested domestic airlines to pause aircraft deliveries.
