US Stocks Mixed Amid Trade War Concerns

U.S. stocks presented a mixed performance on Tuesday amid ongoing concerns about trade tensions between the U.S. and China. The S&P 500 experienced slight fluctuations, while the Dow Jones Industrial Average saw a marginal decrease after an initial rise. The Nasdaq Composite also showed minimal change.

The 10-year Treasury yield slightly decreased to 4.32%, reflecting investor sentiment amid economic uncertainties. These yields influence interest rates on various consumer loans, including mortgages.

Bank of America Rises on Strong Earnings

Bank of America (BAC) shares increased after the company reported better-than-expected first-quarter earnings. The financial giant posted earnings per share of $0.90 on revenue of $27.37 billion, surpassing analysts' estimates. CEO Brian Moynihan noted the resilience of consumers and the strong performance of business clients.

Boeing Shares Fall on China Order Halt

Boeing (BA) shares declined following reports that China had instructed its airlines to halt further deliveries of Boeing jets. This decision is seen as a consequence of escalating trade tensions, with China retaliating against increased U.S. tariffs. The halt in deliveries is expected to impact Boeing, a major U.S. exporter, significantly.