Walmart launches direct shopping through ChatGPT in a strategic move against Amazon’s AI dominance. Meanwhile, Boeing celebrates three major developments including defense contracts and aircraft delivery growth amid market volatility.
Market Volatility and Federal Reserve Dynamics
Wall Street experienced significant turbulence on Tuesday as the S&P 500 erased early losses of approximately 1.5% to turn modestly higher in late afternoon trading. The initial market decline stemmed from renewed concerns about U.S.-China trade tensions following Monday’s strong recovery from Friday’s tariff-driven selloff. Technology stocks particularly struggled, keeping the Nasdaq Composite in negative territory throughout the session as the only declining sector among the S&P 500’s 11 major indexes.