Bulls Take Charge: Wall Street’s Three-Day Surge Calms Market Jitters

Key Highlights:
Three-Day Rally: Wall Street extended its green streak for a third consecutive session, buoyed by upbeat first-quarter earnings and a notable cooling in market volatility.

Indexes Edge Higher: The Dow Jones Industrial Average rose by 106 points (0.2%), while the S&P 500 and Nasdaq gained 0.3% and 0.4%, respectively, marking a sharp contrast to last week’s wild swings.

Volatility Index Drops: The Cboe Volatility Index (VIX), Wall Street’s “fear gauge,” fell below 30 after peaking near 60 last week, signaling a return to calmer trading conditions.

Bank Stocks Lead Gains: Bank of America surged over 4% and Citigroup climbed more than 2% after both reported earnings that beat analyst expectations, lifting the broader banking sector.

Tech and Industrial Movers: Boeing shares slipped over 1% following reports that Chinese authorities instructed airlines to halt new purchases, adding uncertainty for the aviation giant.

Tariff Relief Offers Support: Markets found relief after U.S. Customs and Border Protection temporarily exempted certain electronics from tariffs, though officials warned these exemptions may be short-lived.

Cautious Optimism: Despite the rebound, major indexes remain in recovery mode, still down over 3-4% since the initial tariff announcement earlier this month.

Looking Ahead: Investors are now eyeing upcoming earnings from United Airlines and Netflix, which could further influence market sentiment.

Sources: Moneycontrol, CNBC TV18, CNBC