|Day's Range||24,983.33 - 25,081.45|
|52 Week Range||21,496.13 - 26,616.71|
Fed action is the single most important.
The financial sector rose 1.42 percent after 10-year U.S. Treasury yields gained as the Federal Reserve was seen as likely to continue raising interest rates despite criticism from President Donald Trump. Shares of Illinois Tool Works fell 8 percent and weighed on the trade-sensitive industrial sector. Investors are worried that the U.S.-Sino trade war could spill over to the currency markets.
, the parent company of Google, was up 0.7% on Monday ahead of its second-quarter earnings after the closing bell. Stocks turned higher on Monday, July 23, as investors picked through a number of developments in the White House's ongoing trade disputes with its allies and trading partners. An official communique from a meeting of G-20 finance ministers and central bankers over the weekend in Buenos Aires reiterated the downside risks to global growth, saying they included "rising financial vulnerabilities, heightened trade and geopolitical tensions, global imbalances, inequality and structurally weak growth" following Donald Trump's declaration last week that he was "ready to go" in imposing tariffs on $500 billion worth of China-made goods in his effort to reduce a record trade deficit with the world's second-largest economy.
U.S. stocks pare earlier gains to edge higher Monday as investors digested positive corporate earnings. Company news was somewhat tainted by fresh geopolitical worries after President Donald Trump tweeted a strong warning to Iran.
As trade concerns loom and earnings results fail to impress, stocks are refusing to get out of bed this morning. The Dow Jones Industrial Average has barely gained 10 points or 0.04%. •....watch with interest as LifePoint Health's (LPNT) stock pops. The Dow is treading water at around 25,038.20. Only it's not pudding investors are eating, but perhaps poorly made sausage, writes Nicholas Colas, co-founder of DataTrek Research in his morning note.
The U.S. stock market has generally seen gains thus far this year, but anyone watching the market knows that the upside has been anything but even.
Amazon.com slipped 0.5 percent and was the biggest drag on the Nasdaq after U.S. President Donald Trump renewed his attacks on the retailer. The trade-sensitive industrial sector fell 0.61 percent, with Illinois Tool Works's 7.1 percent drop leading the losses. Investors are also worried that the U.S.-Sino trade war could spill over to the currency markets.
The S&P 500 lost three points, or 0.11%, to 2,798.69 as of 9:36 AM ET (13:36 GMT), while the Dow decreased 33 points, or 0.13%, to 25,025.03 and the tech-heavy Nasdaq Composite was down 21 points, or 0.27%, to 7,798.91.
U.S. stock indexes treaded water on Monday, as gains in financials were offset by losses in Amazon and industrials, as investors waited for earnings reports from marquee corporations to assess the impact of an escalating U.S.-China trade conflict. Amazon.com slipped 0.5 percent and was the biggest drag on the Nasdaq after U.S. President Donald Trump renewed his attacks on the retailer.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action as a new trading week begins with a bevy of company earnings, as investors digest the G20 meeting and President Trump cracking down on Iran via Twitter.
President Trump is warning Iran of ‘consequences’ after Iran’s leader threatened that war with the country would be ‘the mother of all wars.’ Yahoo Finance’s Alexis Christoforous, Rick Newman and Melody Hahm discuss what it means.