Citi and BofA earnings, Johnson & Johnson, China blocks Boeing


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It’s time for Yahoo! Finances market minute. Stocks are higher for the third day in a row as investors navigate rapidly changing trade policy with the EU saying it expects most tariffs to remain as negotiations make little progress. Stocks pairing their gains off of that headline, but we did get more bank earnings. City and Bank of America both rising after topping Wall Street’s expectations in their latest quarters. The banks reporting increased revenue fueled by booming in trade volume amid the market volatility. Johnson & Johnson shares lower after topping earnings estimates and boosting full-year sales forecast. Meantime, the Trump administration is probing pharmaceutical imports, setting the stage for tariffs on the sector. And Boeing shares are lower as China tells airlines to halt orders of the aerospace giant’s jets in the latest escalation of the US-China trade war. That’s according to reporting from Bloomberg. And that is your Yahoo! Finance market minute. For more on what’s trending, scan the QR code where you can track the best and worst performing stocks of the session.


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