Here are five key points for investors to start the trading day:
1. Market Volatility
Stocks saw gains on Monday, but volatility remains high. The Dow Jones Industrial Average rose by 312.08 points (0.78%), the S&P 500 increased by 0.79%, and the Nasdaq Composite climbed by 0.64%.
2. Strong Earnings from Banks
Bank of America exceeded analysts’ expectations for the first quarter, reporting earnings of 90 cents per share and revenues of $27.51 billion.
3. Automaker Gains
Shares of automakers increased after former President Trump expressed support for helping car companies manage potential 25% tariffs on imports.
4. Consumer Concerns
The Federal Reserve Bank of New York’s recent survey showed growing consumer worries about the economy, with inflation expectations rising to 3.6% over the next year—up from 3.1% in February and the highest since October 2023.
5. Free Inflight Wi-Fi
American Airlines announced that it will provide free inflight Wi-Fi for AAdvantage loyalty program members starting in January 2026.
Source (CNBC)
