GE

China announced a sweeping trade package including a commitment to purchase 200 Boeing jets (with US engine, parts, and supply guarantees), a review of rare earth export licences for civilian use, and reciprocal tariff cuts targeting at least $30 billion of goods on each side. The deal also includes restoration of US beef exporter registrations and an extension of the Kuala Lumpur trade arrangement, with formal bilateral trade and investment boards to be established. The Boeing order would rank among the largest single purchases in the planemaker's commercial history, representing a major re-entry into the Chinese market after years of exclusion.

Major U.S. indices (S&P 500, Nasdaq, Dow Jones) each fell roughly 0.6% on April 21, 2026, pressured by geopolitical uncertainty surrounding U.S.-Iran tensions and restricted Strait of Hormuz traffic. UnitedHealth Group rose on strong earnings, while GE Aerospace and RTX declined despite beating estimates. Apple and Tesla also sold off amid leadership transition news and pre-earnings uncertainty, respectively.

The S&P 500 fell 0.3% midday Tuesday as crude oil surged 2.7% to $90/barrel on uncertainty surrounding Iran ceasefire negotiations. Energy stocks outperformed while gold miners (GDX) and airlines (JETS) declined sharply amid rising Treasury yields and geopolitical tensions. Strong retail sales and ADP payroll data showed consumer resilience but raised concerns about further rate hikes.