Stock markets started the week on a positive note, with the S&P 500 and its ETF up 0.2%. However, underlying trade tensions loom large as production among Chinese workers faces severe slowdowns, with factories sending workers home, impacting exports to the U.S. Concurrently, U.S. agricultural sales are suffering as China cuts back on imports, intensifying concerns about the trade war. In earnings news, Domino's Pizza reported mixed results, while Boeing's stock was upgraded, buoyed by forecasts of improving operations for the 737 MAX.
Boeing is witnessing a positive trend, as its shares rise on an upgrade and signs of 737 MAX production recovery.
Despite a slight uptick in S&P 500, tariff concerns persist due to China's slowdown in production and loss of U.S. agricultural sales.
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