Stocks Decline as Earnings Season Kicks Off Mixed; Boeing Drops on Downgrade
• US stocks fell on Tuesday, with the Dow dropping 0.9% and the S&P 500 shedding 0.6% amid a lackluster start to earnings season.
• Big bank earnings were mixed, with Goldman Sachs profits jumping 51% but Morgan Stanley missing estimates due to a one-time charge.
• Investors are focused on Wednesday's retail sales report for clues on future Fed policy after recent data showed cooling inflation.
• Boeing shares sank over 7% on an analyst downgrade and regulatory scrutiny of its 737 Max fleet after a door part fell off a plane mid-flight.
• A judge blocked JetBlue's proposed $3.8 billion acquisition of Spirit Airlines over antitrust concerns, sending Spirit shares down 60%.