|Day's Range||2,785.02 - 2,809.79|
|52 Week Range||2,346.58 - 2,940.91|
U.S. stocks ended Monday’s session mixed as investors continued to digest global growth concerns and the results of Special Counsel Robert Mueller’s long-anticipated report, which found no proof of coordination between the Trump campaign and Russia during the 2016 presidential elections.
Keshav Rajagopalan, PGIM Investments Co-Head of Exchange-Traded Funds, says that “as the market turns human investors are going to be needed to start picking stocks and bonds to weigh where the actual Alpha sources are.” Yahoo Finance’s Alexis Christoforous speaks to him.
Calm returned to global markets on Tuesday as a steadier day for Europe and Asia's bourses and a tick higher in benchmark bond yields helped ease nerves after a jarring few days dominated by recession worries. The bond markets remained the main focus though: 10-year German government bond yields remained below zero and key sections of the U.S. yield curve remained inverted -- where short-term borrow costs are higher than longer-term ones. "The world is looking to fade the risk aversion caused by the inversion of the (U.S.) yield curve," said Societe Generale strategist Kit Juckes, adding that it was anyway difficult to position for a hypothetical recessions.
Treasuries fell and U.S. stock index futures climbed on Tuesday as investor fears brought on by the inversion of a key part of the yield curve showed signs of ebbing. The yield on benchmark U.S. debt rose after closing below 2.4 percent on Monday, though the spread between three-month and 10-year rates remained in negative territory. Traders remain on edge following increased volatility at the end of last week after European data disappointed and the U.S. yield curve inverted -- a key recession indicator for many in the market.
Markets across Asia bounced back Tuesday from their worst drop of the year as the benchmark MSCI Asia Pacific Index rebounded 1 percent. Japan led the way, with the Topix index recovering all of its Monday loss. India, Taiwan and South Korea stocks also edged higher to round out gains across the region, with the big exception being China: the Shanghai Composite Index completed its worst two-day slump in more than two weeks.
Global stocks edge higher, with Asia rising for the first session in three, while investors continue to take cues on risk from movements in fixed income markets. U.K. Prime Minister Theresa May loses yet another Parliamentary vote on Brexit, which will see lawmakers vote for EU exit alternatives, as pressure mounts on her to resign her position. Global oil prices bump higher as OPEC+ production cuts add support to prices that remain near four-month highs.
Stock futures: Fed rate-cut odds are growing, with markets now betting a September move as likely, as an inverted yield curve unnerves markets.
European stocks made a steady start after a rebound across much of Asia, as the fears about global growth that stalked markets at the end of last week continued to look over stated. Japan’s Topix stood out with a 2.6 per cent rise, recovering from the biggest drop in three months which came on Monday when ripples from weak eurozone data released on Friday reached Asia.
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he foundation for Monday’s weakness was laid last week when the U.S. Federal Reserve announced it was pausing future rate hikes for 2019 and slashing the outlook for growth in the country. This raised questions about the health of the economy, driving investors out of stocks and into the safe-haven U.S. Treasurys.
Apple shares slipped after the iPhone maker unveiled its video-streaming service and other goodies. The Dow Jones Industrial Average added 0.06% to end at 25,516.83. The S&P 500 slipped 0.08% to close at 2798.36, and the Nasdaq Composite lost 0.07% to end at 7637.54.
Major U.S. stock indexes finished mixed Monday after wavering for much of the day as traders tried to make sense of newly pessimistic views on the economy.
The S&P 500 Index ended a choppy session slightly lower on Monday as worries about a slowdown in global economic growth lingered and as Apple Inc shares fell after the company unveiled its video streaming service.
Thus, the following stocks have a price-earnings ratio, which is the inverse of the earnings yield, of 11.29 or less as of March 22. Warning! GuruFocus has detected 1 Warning Sign with C. Click here to check it out. Further, as of Friday, these large-cap companies have a market capitalization of more than $75 billion, have a price-book ratio of less than 1 and an overweight recommendation rating.