Stock Market Today: Musk Takes Backseat at DOGE, BA Soars, IBM Beats

Today's rally on Wall Street was driven primarily by commentary from the Trump administration on tariff progress and assurances on Jerome Powell keeping his role at the Fed. Elon Musk is stepping back from his role at DOGE, which spurred a rally in Tesla's (TSLA) stock. Boeing (BA) moved higher as it tourniquets the bleeding on its cash burn, while IBM Corp. (IBM) posted an earnings beat. Nicole Petallides turns to the day's biggest stories.

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