|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 reversed course Tuesday afternoon, edging down slightly after a curve inversion on Friday spooked investors.
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.
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.
Markets slid on Friday, when the U.S. Treasury yield curve inverted for the first time since 2007 and added to worries of a global economic slowdown. "The market still has no idea what the evolution of growth is going to be and we are getting these reactionary days like last week and bounce backs like today," said Michael Antonelli, market strategist at Robert W. Baird in Milwaukee. The high-growth tech sector, up 1.25 percent, was supported by Apple Inc and chipmakers, with the Philadelphia Chip index rising 1.55 percent.
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.
U.S. stocks shook off some of their recent doldrums to trade higher Tuesday as energy and health care sectors buoyed the market. A resumption of U.S.-China trade negotiations also helped to reignite some optimism that the high stakes protracted dispute is coming to a close.
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.
Key Tech and Media Updates: Apple, Netflix, Amazon, and FacebookThe Nasdaq Composite Index fell 2.5% on March 22After rising for most of last week, the tech-heavy Nasdaq Composite Index (QQQ) fell 2.5% on Friday, March 22, erasing all the gains of
Wall Street's main indexes opened higher on Tuesday, for the first time in five sessions, as Apple Inc led gains in technology stocks, while financials were lifted by big banks. The Dow Jones Industrial ...
U.S. stocks started Tuesday's session higher, as U.S.-China trade negotiations are resuming. U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will be in China for the negotiations this week. The Dow Jones Industrial Average opened 0.8% higher at 25,709, and the S&P 500 kicked the session off 0.6% higher at 2,815. The technology-heavy Nasdaq Composite Index opened 0.8% stronger at 7,701. Apple Inc. remained in focus after the tech giant unveiled a number of new services as the company shifts from products like the iPhone. Elsewhere, Bed Bath & Beyond climbed higher following a report by The Wall Street Journal saying three activist investors are preparing to launching a proxy fight to replace the company's board. On the economic data front, the consumer-confidence index for March, expected at 133, is due at 10 a.m. Eastern. Earlier, February housing starts came in better than anticipated. Building permits for February and the Case-Shiller home price index for January eased slightly from the previous months.
Stocks were climbing on Tuesday, with Dow Jones Industrial Average, S&P 500, and Nasdaq Composite futures all up in recent trading.
STOCKSTOWATCHTODAY BLOG 6:51 a.m. The Dow Jones Industrial Average looks set for a higher open because the world keeps functioning despite a yield-curve inversion. Dow futures have gained 117 points, or 0.