Markets drift lower as trade uncertainty lingers, crypto markets slump
Markets edged lower Tuesday as investors weighed first-quarter earnings, trade developments, and a dip in Bitcoin, which fell below $84,000.
The Dow Jones Industrial Average shed 155 points, or 0.38%, while the S&P 500 and Nasdaq both declined by roughly 0.1%.
Bank stocks offered some relief. Bank of America and Citigroup rose over 4% and 2% respectively, after beating earnings expectations.
The broader SPDR S&P Bank ETF climbed nearly 2%. Still, the optimism was offset by weakness in other sectors and global uncertainty.
Boeing dropped nearly 2% following a Bloomberg report that Chinese regulators told airlines to halt new purchases of its planes. The move pulls Boeing deeper into the ongoing U.S.-China…
