📈 Stocks / Finance

Boeing stock stalls despite $3B Patriot missile-tech contracts

Investor’s Business Daily

Boeing secured $2.7B in multiyear contracts to supply 3,000 PAC-3 missile seekers through 2030. Shares rose 0.4% but remain in a flat base. Boeing stock is up 21% YTD, lagging peers like GE Aerospace (+78%) and Airbus (+46%) despite strong defense sector demand.

Broadcom falls after AI-fueled rally on OpenAI deal

Investopedia

Broadcom shares dropped nearly 4% after surging 10% on news of a chip development deal with OpenAI. Analysts flagged key resistance at $374 and $415, with support near $324 and $291. The stock remains up ~50% YTD amid rising demand for custom AI hardware.

Wall Street rebounds despite escalating U.S.–China trade tensions

AP News

The S&P 500 rose 0.2% after erasing a 1.5% drop as investors shrugged off new U.S.–China trade measures. Dow gained 366 points. Tech stocks lagged while industrials and banks rallied. Fed rate cuts remain likely amid data blackouts and softening labor signals.

🪙 Crypto

Crypto markets slump as US–China tariff battle escalates

Pymnts

Bitcoin dropped 2.9% and ether 5% following $19B in crypto liquidations triggered by Trump’s 100% China tariffs. China's retaliation deepened losses, with $756M pulled from US crypto ETFs. Analysts warn of risk-aversion spreading across global asset classes.

🌎 Global Economy

IMF cuts long-term growth outlook as global volatility rises

IMF

The IMF projects global growth to slow from 3.3% in 2024 to 3.1% by 2026. Though near-term forecasts improved slightly, risks remain tilted to the downside due to trade fragmentation, labor shocks, and potential tech market corrections. Inflation is easing unevenly across regions.

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