|Day's Range||24,328.54 - 24,536.89|
|52 Week Range||20,553.45 - 26,616.71|
Market recap for Monday, April 23rd
Yahoo Finance’s Seana Smith, Andy Serwer and Julia La Roche talk with Jim McCaughan, CEO of Principal Global Investors, about whether the Fed will stick with its plan for gradual rate hikes.
CNBC's Dominic Chu takes a look at how the market picture differs between now and the last time the U.S. 10-Year Treasury yield was at three percent.
Government bond yields climbing and a shrinking gap between short-term and long-term Treasury rates have prompted some consternation on Wall Street, driving equity prices lower as investors fret about what these dynamics mean for U.S. economic growth as it enters its ninth year of expansion. Fears about a so-called flattening yield curve have taken center stage, with investors fixated on the gap between the 2-year Treasury notes (XTUP:TMUBMUSD02Y=X) and the 10-year benchmark (XTUP:TMUBMUSD10Y=X), which last Tuesday touched the narrowest point—41 percentage points—in more than a decade. The yield curve is often tracked as a measure of sentiment about the economy’s overall health.
Well, today the Dow Jones Industrial Average didn't seem to mind higher bond yields, which almost killed it back in February. The Dow declined 14.25 points, or 0.1%, to 24,448.69, while the S&P 500 finished little changed at 2670.29, and the Nasdaq Composite fell 0.3% to 7128.6. Stocks, though, were actually at their strongest today when the 10-year was making a run at 3%, and it was only when it was clear that it wouldn't happen today that equities pulled back.
Wall Street ended mixed on Monday as concerns about soft smartphone demand weighed on tech stocks and pulled the Nasdaq lower while earnings optimism protected against deeper losses. Chipmaker shares dropped after the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co Ltd, cut its full-year revenue target due to softer demand for smartphones. Earnings provided a bright spot, with 18 percent of the companies in the S&P 500 having reported, 78.2 percent of which have beat consensus estimates.
U.S. stocks end the session little changed on Monday as investors grappled with rising bond yields and a mixed bag of earnings reports.
The Dow Jones Industrial Average on Monday finished in negative territory for a fourth straight session, marking its longest losing trend since early March, as Wall Street wrestled with rising government ...
Wall Street struggled for direction on Monday, ending the session largely unchanged, as signs of waning smartphone demand weighed on the Nasdaq and as rising bond yields offset earnings optimism. The Dow ...
Ford Motor Co. is slated to report first-quarter earnings on Wednesday, with markets hoping the auto maker will show more progress toward much-touted cost-cutting measures.
The Dow Jones Industrial Average's 93-point drop in afternoon trade put it on track for a fourth-straight loss, which would be the longest losing streak since the four-day stretch ending May 2. It would ...
Want to know why the Dow Jones Industrial Average and other major indexes are doing what they're doing? Check back here for a semi-live look at the volatile markets from Barron's reporters.2 2:09 p.m. Everything was looking so good...and then it wasn't. The Nasdaq traded up today, but peaked at around 11:30 a.m. Now, it's fallen into the red: The Nasdaq Composite has dropped 0.4% to 7118.36, while the Dow Jones Industrial Average has fallen 60.57 points, or 0.3%, to 24,402.37, and the S&P 500 has declined 0.2% to 2,665.42.
Wall Street's three major indexes struggled for direction on Monday as Treasury yields inched up to levels that have spooked investors in recent months. "If we get to that level (3 percent on the 10-year yields), it's not going to be too much of a negative for investors because earnings have been coming in quite good," said Jeff Kravetz, regional investment strategist at U.S. Bank Wealth Management.
Five years ago today, two explosions rocked the White House and President Barack Obama was injured, according to the Associated Press’s Twitter account. “Clearly this should be scrutinized for its unintended consequences in times of market volatility,” he told MarketWatch at the time.
The smart money is convinced: Oil prices are headed higher, regardless of the pressure Trump recently applied to OPEC.
Sen. Joe Donnelly, an Indiana Democrat, said Monday he will vote for Mike Pompeo to become secretary of state. Donnelly becomes the third Democrat, after North Dakota's Heidi Heitkamp and West Virginia's ...
Stocks were higher on Monday, April 23, but in cautious trading as benchmark 10-year Treasury notes were near 3% for the first time in more than four years and as Wall Street prepared to enter the heart of U.S. corporate earnings season. At last check, the yield on the 10-year Treasury was at 2.985%. Here are the 3 biggest movers, all losers, from Monday's morning trading.
Investing.com – Wall Street was higher on Monday, as investors shake off bond worries and looked ahead to earnings.The S&P 500 was up over four points or 0.16% to 2,674.38 as of 9:37 AM ET (13:37 GMT) while the Dow composite increased 47points or 0.19% to 24,510.0 and tech heavy NASDAQ Composite rose nearly 31 points or 0.29% to 7,167.04.Bond yields have risen to their highest levels in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve. ...