|Day's Range||2,749.22 - 2,778.94|
|52 Week Range||2,532.69 - 2,940.91|
Stocks (^DJI, ^GSPC, ^IXIC) drop as China support fades, earnings disappoint. The technology (XLK) sector the most in the green, and the energy (XLE) sector the most in the red. Jared Blikre joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Yahoo Finance’s Seana Smith and Adam Shapiro are joined by Andy Serwer, Rick Newman, Brian Sozzi, Myles Udland, Heidi Chung, Dan Howley and Dan Roberts. ...
U.S. stocks were slightly lower in choppy trade on Monday while the dollar strengthened and the U.S. yield curve flattened after European equities reversed earlier gains to close lower. U.S. futures had pointed to gains, but the major indexes turned negative soon after Wall Street opened and then oscillated throughout the morning. Asian stocks rose after China promised to stabilize its economy and offset the impact of U.S. tariffs.
On October 20, Saudi Arabia admitted that US resident Jamal Khashoggi died during his visit to the Saudi consulate in Istanbul on October 2. The tension between the Western world and Riyadh might escalate. Previously, Saudi Arabia denied its involvement in the journalist’s disappearance.
(Bloomberg) -- Most U.S. equities fell, with financial and commodity shares pacing losses as an overnight rally in Asian equities failed to hold ahead of a spate of key earnings reports this week. The dollar rose to the highest level in two months.
The Dow Jones Industrial Average traded lower Monday after closing last week with a gain of 0.4%. The S&P 500 and also fell into negative territory. The S&P 500 has closed lower in 10 of the past 12 sessions.
For the past 35 years, the inflation rate—measured by the annual change in core consumer prices—has generally been below 5%. “Since inflation has been low for so long, an entire generation of investors often consider it a nonevent.” wrote Leuthold Group’s Jim Paulsen in a note on Monday. Paulsen identified ten major periods over the last 35 years when the inflation rate has accelerated by between 0.4 to 1.7 percentage points.
Stocks drift lower, giving up early gains attributed to a continued recovery in China’s markets. Investors are gearing up for a heavy week of earnings.
Major U.S. stock indexes were mostly lower in midday trading Monday as losses in banks and health care companies outweighed gains elsewhere. Energy companies also fell along with the price of crude oil. Technology companies rebounded after an early tumble. Smaller companies were doing better than the rest of the market. Toy makers slumped after Hasbro's latest quarterly results disappointed investors.
DEEP DIVE Stock action for airlines hasn’t been good this year, except for United Continental, which is up 30%. Earnings season for the group has already begun, but most are scheduled to report third-quarter results this week.
Shares of McDonald's MCD are heating up, and one top technician says there's something in the charts pointing to an even bigger breakout. After a rough start to the year, shares of McDonald's have begun to show signs of life, up 7 percent in the past three months. According to Carter Worth, head of technical analysis at Cornerstone Macro, the rally may just be getting started.
Shares have underperformed in 2018 after earnings in July that showed weaker-than-expected same-store sales in its core U.S. market, and fears that expectations for sales abroad are too high to keep the growth story going.