Market Rollercoaster: Dow Dips, S&P and Nasdaq Climb Amid Economic Shifts

Dow Jones Takes a Hit, S&P and Nasdaq Edge Up

The Dow Jones Industrial Average kicked off Tuesday with a gut-punch, dropping around 150 points. Meanwhile, the S&P 500 and Nasdaq were playing it cool, inching higher despite the chaos.

After Monday's Wild Ride

Just a day before, the market was on fire with the Dow skyrocketing over 1,100 points. Why? The buzz around promising Washington-Beijing trade talks had everyone hyped.

Inflation Cools Down, Markets Breathe Easier

On Tuesday, the consumer price index chilled out, growing just 2.3% annually—the slowest pace since 2021. Chris Zaccarelli from Northlight Asset Management spilled to CNBC that the market's twin nightmares of a tariff-triggered recession and stubborn inflation are fading fast. He's betting the market will keep the party going from yesterday.

Goldman Sachs Sees Brighter Days Ahead

Over at Goldman Sachs, analysts are feeling optimistic, boosting their S&P 500 target from 6,200 to 6,500 in the next year. That's an 11% jump! This is a total 180 from their earlier gloom in March, when they slashed forecasts twice over fears of a looming recession and tariff chaos.

Boeing Soars on China's Green Light

Boeing's shares took off, climbing about 2.5% right after the opening bell. The reason? Bloomberg dropped a bombshell that China's finally lifting its ban on Boeing's aircraft deliveries.

Coinbase Rockets into S&P 500

And in the crypto world, Coinbase's stock shot up around 10%. The reason for the surge? They're officially crashing the S&P 500 party on May 19.