Stocks stay muted as oil falls and bonds stabilize, CNBC Investing Club says

  • Jim Cramer discussed muted stocks, Boeing, Goldman Sachs and rapid-fire shares.
  • Bank of America estimated nine-month Max 10 delay would reduce free cash flow $750 million.
  • Goldman shares gained 390% under Solomon versus 106% for the bank ETF through Monday.

U.S. stocks had a muted Tuesday even as oil prices fell and the bond market stabilized, conditions that might normally support equities after recent pressure from both markets. Jim Cramer attributed the lack of momentum to weak consumer confidence in the Conference Board's monthly survey, retail concerns and negative headlines involving artificial intelligence. Anthropic's leaked initial public offering prospectus warned about AI's risks to humanity, while OpenAI delayed a model release over safety concerns. The S & P Oscillator, a momentum indicator, moved further into oversold territory after Monday's declines. Portfolio director Jeff Marks said the extended oversold period coincided with the 10-year Treasury yield reaching 5%, and both Marks and Cramer said persistently high bond yields would make a sustained market advance difficult. Boeing shares recovered after falling almost 7% Monday following news that the FAA was delaying certification of the 737 Max 10 because of a flight-control software glitch. Bank of America estimated a nine-month delay could reduce Boeing's free cash flow by $750 million, calling that impact manageable and relatively immaterial. Goldman Sachs shares fell about 1% as investors considered a Wall Street Journal report that the board had discussed naming COO and President John Waldron as CEO as soon as next year, potentially replacing CEO David Solomon in late 2027 or early 2028. Goldman shares had gained 390% on a total-return basis during Solomon's tenure through Monday, compared with 106% for the Invesco KBW Bank ETF.

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