Key facts
- US stocks advanced on Tuesday, driven by AI trade optimism and easing oil prices.
- Boeing shares fell sharply after its CEO indicated a delay in reaching 737 production targets.
- SoFi Technologies reported strong quarterly revenue growth and raised its 2026 outlook.
- Celestica's revenue surged 83% year-over-year, with a significant forecast for 2027.
- Investors are awaiting the Federal Reserve's interest rate decision this week.
Wall Street stock indexes advanced on Tuesday, with optimism around artificial intelligence and easing oil prices supporting market gains. The Federal Reserve is expected to hold interest rates steady this week, though inflation concerns persist. Boeing shares fell sharply after its CEO indicated a delay in reaching 737 production targets until early 2027. SoFi Technologies reported strong quarterly revenue and raised its outlook, while Celestica saw significant revenue growth and issued an ambitious forecast. UPS beat earnings expectations, but PayPal missed revenue targets despite raising profit forecasts. Meta's shares declined after announcing a large equity fundraising for AI expansion.