|Day's Range||7,649.21 - 7,738.17|
|52 Week Range||6,190.17 - 8,133.30|
U.S. stocks rose and Treasury yields were mostly higher Tuesday afternoon even as a closely watched portion of the curve remained inverted.
Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says that “there’s no signal of a recession,” even though the inverted yield curve is “worrisome.” Brian Levitt, OppenheimerFunds Senior Investment Strategist, adds that “this year we have much slower growth,” but “much better policy” with the Federal Reserve backing off progress happening on trade, creating a “much better market environment.” Yahoo Finance's Alexis Christoforous speaks to Mahajan, Levitt, Brian Sozzi and Scott Gamm.
Investors are shrugging off the inverted yield curve last week. The Dow Jones Industrial Average rose 0.55% to close at 25,657.73. The S&P 500 added 0.72% to end at 2818.46, and the Nasdaq Composite rose 53.98 points 0.71% to 7691.52.
The S&P 500 financial index gained 1.1 percent and registered its biggest daily percentage gain since Feb. 15. The S&P 500's gains came after two sessions of declines, triggered by concern about slowing global economic growth and the inversion of a closely watched part of the Treasury yield curve. The market is on yield watch, there's no doubt about it," said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey.
The S&P 500 financial index gained 1.1 percent and registered its biggest daily percentage gain since Feb. 15. The S&P 500's gains came after two sessions of declines, triggered by concern about slowing global economic growth and the inversion of a closely watched part of the Treasury yield curve.
U.S. stocks gain Tuesday as energy and financial sectors buoyed the market but main indexes came off their intraday highs on tepid housing and consumer-confidence data as well as lingering uncertainties over global growth and Brexit.
U.S. stock benchmarks on Tuesday gained but finished well off their best levels of the session as equity-market investors wrestled with falling yields that usually imply that investors are worried about the domestic economy. Still, the Dow Jones Industrial Average gained 141 points, or 0.6%, to 25,657, after earlier rising as many as 279 points. The S&P 500 index advanced 0.7% to 2,818, while the technology-laden Nasdaq Composite Index climbed 0.7% to 7,691. All three benchmarks pared firmer gains but the day's advance did snap a two-session slide for the S&P 500 and Nasdaq, even as housing data were lackluster and an accurate signal of impending recessions, continued to remain in force. The 10-year Treasury yield was at 2.418%, holding near its lowest since 2017. A recent slip in 10-year U.S. Treasury yields below the level of three-month Treasury bills, known as a yield-curve inversion has been seen by some investors as foreshadowing of a potential recession in the coming 18 or 24 months, research show. The latest market data suggested that the U.S. economic growth may be softening in parts. Home builders broke ground on new-home construction at a seasonally adjusted annual rate of 1.16 million in February, that's a 9% decline from the month before and well below levels seen last year. Home prices grew at the slowest pace in more than six years, with the S&P CoreLogic Case-Shiller 20-city index rising at a seasonally adjusted rate of 0.2% in January, compared with December. In corporate news, shares of Apple Inc. finished off by more than 1% after a judge ruled that the iPhone marker infringes a Qualcomm Inc. patent. Markets have been on edge after Friday saw the yield-curve inversion manifest for the first time since 2007 and as yields have remained lower. Bond prices and yields move inversely. A Federal Reserve that has signaled that it may hold off on further rate hikes in 2019 has helped to foster the current environment of ultralow yields, market experts say.
Global stock markets broadly rebounded on Tuesday after a two-day swoon while benchmark U.S. Treasury yields steadied above 15-month lows as risk appetite improved after worries of a recession clouded trading since late last week. Markets have been rattled since Friday, when the 3-month U.S. Treasury yield exceeded the yield on the 10-year note, an inversion of the yield curve that is widely seen as an indicator of a recession. Data on Tuesday showed U.S. homebuilding fell more than expected in February as construction of single-family homes dropped to near a two-year low, while concerns over the economy were underscored by other data showing consumer confidence ebbing in March.
U.S. stocks gained on Tuesday, with financials snapping a five-day losing streak as Treasury yields stabilized above 15-month lows. Based on the latest available data, the Dow Jones Industrial Average ...
U.S. stocks were higher in afternoon trading on Tuesday and financials looked set to snap a five-day losing streak as Treasury yields mostly stabilized following recent losses. The S&P energy index was up 1 percent, leading percentage gains among sectors, as oil prices rose on OPEC supply cuts and expectations of lower U.S. inventories. Benchmark 10-year Treasury yields were mostly steady after recent losses.
The Dow Jones Industrial Average on Tuesday and the broader market were trading well off their highs of the session as bond yields held around multiyear lows, implying that investors are finding it difficult to shake fears about sluggish global growth and its impact on the U.S. The Dow was up about 67 points, or 0.3%, at 25,580, in late-afternoon trade, off from its best intrasession level at 25,796. Moves for equities come as the benchmark 10-year Treasury yield was at 2.41%, representing its lowest level since December of 2017, according to Dow Jones Market Data. The lower rates have been a feature of the market of the past several weeks after the Federal Reserve affirmed that it was pausing on further near-term rate hikes. What has followed is a so-called yield-curve inversion, where shorter-dated bond yields rise above their longer-dated counterparts. In this case, yields for the 3-month T-bill rose above those of the 10-year Treasury note for the first time since 2007. An inversion has been an accurate predictor of coming economic recessions in the following 18 to 24 months, research shows. The S&P 500 index , meanwhile, was up 0.3% at 2,806, while the Nasdaq Composite Index was climbing 0.3% at 7,659. Both benchmarks also were off their intraday peaks.
The Dow Jones Industrial Average added 0.5% Tuesday afternoon, extending a positive move it made at its 50-day moving average.
Benchmark U.S. Treasury yields rebounded off of 15-month lows on Tuesday while global stock markets broadly surged after a two-session swoon, as risk appetite improved after worries of an economic recession had clouded trading since late last week. Markets have been rattled since Friday, when the 3-month U.S. Treasury yield exceeded the yield on the 10-year note, an inversion of the yield curve that is widely seen as an indicator of a recession. “After a couple of days where investors focused solely on the chances of recession in the U.S. and concerns about slower growth, today is not surprisingly a day where they rethink those probabilities," said Kate Warne, investment strategist at Edward Jones in St. Louis.
Wall Street's main indexes rose on Tuesday, as Apple and chipmakers boosted technology shares, while higher oil prices lifted energy companies. Apple rose 0.84 percent, a day after the iPhone maker unveiled its video streaming service, a credit card and an online gaming arcade.
Technically speaking, the S&P 500 has weathered an aggressive late-month market downdraft, narrowly maintaining major support, writes Michael Ashbaugh.
U.S. stocks are up after upbeat global data. The Dow Jones Industrial Average has gained 0.70% to 25,695.70 at recent check, while the S&P 500 and Nasdaq Composite are both up 1%.
Major stock indexes held solid gains near midday Tuesday. The Nasdaq today was led by semiconductor stocks, which rebounded after two days of selling.
Wall Street's main indexes gained for the first time in three sessions on Tuesday, as Apple and chipmakers boosted technology shares, while energy companies rose on the back of higher crude oil prices. All 11 major S&P sectors were trading higher, led by energy's 1.87 percent gain.
The Dow Jones industrials soared more than 200 points in today's stock market. Apple stock looked to regain its long-term 200-day line Tuesday.
Wall Street's main indexes rose on Tuesday, supported by gains in technology and financial stocks, looking to rebound from declines in the previous two sessions driven by global growth worries. The financial sector rose over 1 percent in early trading and was set to snap a five-day losing streak, as yields stabilized.