|Day's Range||25,544.78 - 25,796.29|
|52 Week Range||21,712.53 - 26,951.81|
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.
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.
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.
U.S. stocks rise Tuesday as energy and consumer staples sectors buoyed the market but main indexes traded off their intraday highs on tepid housing and consumer-confidence data as well as lingering uncertainties over global growth and Brexit.
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.
The Dow Jones Industrial Average rose Tuesday after investors moved beyond recession fears sparked by the inverted bond curve. were up 1.7% after the tech giant unveiled several new services, including Apple TV Plus featuring original content and a news subscription platform called Apple News Plus. Stocks were rising Tuesday as the bond yield curve narrowed and investors moved beyond recession fears.
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 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%.
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.
Earlier this year, the latest rumors about trade negotiations with China could sometimes send U.S. stocks off to the races or into the pits. With China talks simmering but not sizzling, interest rates now appear to be the main focus.
(Bloomberg) -- Transportation stocks are sending cautionary signals, and exchange-traded fund investors are taking note.
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.
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 ...
Based on the early price action and the current price at 25730, the direction of the June E-mini Dow Jones Industrial Average futures contract on Tuesday is likely to be determined by trader reaction to the 50% level at 25696.
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 surged higher Tuesday, boosted by a quick reversal in views on Federal Reserve rate policy. Dow Jones stock Nike traded in a buy range.
Stocks were climbing on Tuesday, with Dow Jones Industrial Average, S&P 500, and Nasdaq Composite futures all up in recent trading.
The 131-point rally in futures for the Dow Jones Industrial Average is unanimous Tuesday, as all 30 components were rising in premarket trade. The biggest gainer was Nike Inc.'s stock, which rose 1.24%, followed by Apple Inc. shares, which climbed 1.20%. Among other gainers, shares of Boeing Co. rose 1.0% and J.P. Morgan Chase & Co. tacked on 0.9% ahead of the open.