WALL STREET ENDS MIXED – Banks rally on upbeat results
Wall Street ended mixed on Tuesday as investors weighed upbeat bank earnings, fresh comments from Federal Reserve Chair Jerome Powell, and renewed U.S.-China trade tensions.
Major lenders reported strong quarterly results, lifting the S&P 500 banking index, as investment banking profits beat expectations.
But the broader market lost momentum after President Donald Trump said Washington was considering ending some trade ties with China, including restrictions on cooking oil imports.
The comments followed new port fees and tariff threats between the two nations, which rattled global markets.
At the close, the S&P 500 slipped 0.16%, the Nasdaq fell 0.76%, while the Dow Jones managed a 0.44% gain, buoyed by financial stocks.
Analysts say markets remain volatile, as investors balance optimism over earnings with lingering trade uncertainty.
