|Day's Range||7,579.29 - 7,662.38|
|52 Week Range||6,190.17 - 8,133.30|
U.S. stocks were mixed during a choppy morning of trading 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.
Michael Purves, Weeden & Co Chief Global Strategist, says the Fed could be a key factor in determining risk appetite for investors. Yahoo Finance’s Alexis Christoforous speaks to him, Brian Sozzi and Scott Gamm.
World stocks sold off for a second straight session on Monday on persistent concerns over global economic growth, while benchmark 10-year U.S. Treasury yields fell to more than one-year lows. MSCI's gauge of stocks across the globe shed 0.47 percent, after it posted on Friday its biggest one-day drop in about three months. Investors were still digesting weak U.S. factory data last week that prompted an inversion of the U.S. Treasury yield curve, which is widely seen as an indicator of an economic recession.
U.S. stocks turned modestly lower in afternoon trading Monday after spending much of the morning wavering between gains and losses.
U.S. stocks fell on Monday, extending the previous session's steep sell-off, hit by worries of a slowdown in global economic growth. The S&P index recorded four new 52-week highs and six new lows, while the Nasdaq recorded 17 new highs and 86 new lows.
U.S. stocks meander Monday as the market’s attempted to regroup after data showing weakness on the global economic front triggered heavy losses last Friday even as a major political uncertainty was put to rest with the release of Special Counsel Robert Mueller’s report.
Major stock indexes rallied off lows Monday. Marijuana stocks were in rally mode ahead of earnings from Cronos Group Tuesday before the open.
Never mind the alarm bell sounded by one of Wall Street’s most accurate recession indicators, Scott Minerd of Guggenheim Partners says the Federal Reserve will revert to its old hawkish ways before the end of 2019.
MSCI's gauge of stocks across the globe shed 0.66 percent, as Wall Street's main indexes opened lower. Following a steep sell-off in stocks on Friday, investors were still digesting weak U.S. factory data last week that prompted an inversion of the U.S. Treasury yield curve, which is widely seen as an indicator of an economic recession.
While the Dow Jones Industrial Average and S&P 500 have swung into positive territory in choppy morning trade, broader-market breadth data indicates most stocks are losing ground. The number of declining stocks outnumbered advancers 1,444 to 1,267 on the NYSE and by 1,630 to 1,051 on the Nasdaq exchange. Meanwhile, the Dow rose 16 points, with 18 of 30 components trading higher. Meanwhile, the S&P 500 was little changed and the Nasdaq Composite shed 0.2%.
Every index chart saw some form of technical weakening while the data is sending a mix of neutral and positive readings. All of the major equity indices closed lower Friday with broadly negative internals on heavy trading volume. The result was every index chart we follow suffered some form of technical damage.
The stock market was squarely lower early Monday, extending Friday's heavy losses in morning trade. Apple stock sold off about 2%.
U.S. stocks opened lower on Monday, weighed by technology shares, as investors worried about global growth fears. The Dow Jones Industrial Average fell 11.60 points, or 0.05 percent, at the open to 25,490.72. ...
U.S. stocks started the week lower, adding on to their losses from Friday when all three major benchmarks recorded their worst one-day drop since Jan. 3. The losses come on the coattails of the inversion of the three-month and 10-year Treasury yield curve, which can be an early recession indicator, and happened for the first one since 2007 on Friday. The Dow Jones Industrial Average opened 0.1% lower at 25,474, while the S&P 500 started 0.2% weaker at 2,796. The Nasdaq Composite slipped 0.3% to 7,622 at the open. In individual stocks, Apple Inc. was in focus ahead of a "special event" on Monday that is expected to include the unveiling its streaming-media service, as well as updates to existing products.
Stock futures were flat to lower Monday morning. The Apple streaming service event is Monday. Don't expect the Boeing 737 Max to fly soon.
The biggest news of the morning—the Mueller report and continued Brexit chaos—appears to be the least concerning to the market.
A yield-scarce investing backdrop could prompt investors to look into more risky sectors of international bond markets.
Former U.S. Federal Reserve Chair Janet Yellen said Monday that the U.S. Treasury yield curve[s:TMUBMUSD10Y], which inverted on Friday for the first time since 2007, may signal the need to cut interest rates at some point, but it does not signal a recession. Yellen, who led the Fed between 2014 and 2018, was speaking at the Credit Suisse Asian Investment conference in Hong Kong. The curve, which reflects yields, and by default, borrowing rates, from shortest to longest maturity tends to slope upward in a growing economy, with longer-dated maturities paying out more than their short-dated counterparts; it has a debatable role historically in signalling recessions. The slope for global bonds had regained its upward trajectory, slightly, in European trading on Monday after stronger-than-expected German data. The Chicago Fed's Charles Evans, a voting member of the Fed's policy-setting Federal Open Market Committee this year, told the same Hong Kong conference that it was understandable for markets to be nervous when the yield curve flattens as it has.
In the IBD Best Mutual Funds Awards, see the top growth stock mutual funds that have beaten the S&P 500 over the last one, three, five and 10 years.
While an inverted yield curve has been a reliable recession predictor, copper prices may offer a better signal now about the outlook for the Dow Jones and global economy.