Stocks Mostly Lower as Earnings Disappoint; Fed Signals Possible Rate Cuts
• US stocks retreated on Tuesday, with investors focused on interest rates after lackluster start to earnings season
• Dow dropped 0.4%, S&P 500 shed 0.2%, Nasdaq recovered from 0.5% loss to hug flat line as semiconductor stocks rose
• Goldman Sachs shares higher Tuesday after 51% earnings jump in Q4; Morgan Stanley dipped over 3% after profit hit by one-time charge
• Fed's Waller said rates can likely be cut this year if inflation doesn't rebound, but timing/pace of cuts will depend on data
• Boeing stock fell 5% on analyst downgrade over 737-9 Max fleet scrutiny; Tesla shares gained 1.5% after CEO Musk wants 25% voting control