|Day's Range||3,787.51 - 3,828.15|
|52 Week Range||3,458.44 - 3,828.15|
U.S. stocks end higher on Tuesday despite gloomy outlook for world economy that are driving bond yields lower.
Trade tensions, global growth fears and expectations for policy easing have all combined to bring the all-important 10-year Treasury yield to a 1 ½-year low.
The intensifying trade fight between the U.S. and China saw investors flee Chinese equities at the fastest pace in more than three years.
China’s censorship of Trump’s tariff threat last Monday underlines the limits of social media algorithms used by quants to track investor sentiment.
Fundstrat Global Advisors analyst Thomas Lee says there is reason to be a buyer in this downbeat environment.
Treasury prices rise on Monday after President Donald Trump threatens to raise tariffs on Chinese imports.
Chinese financial markets suffered heavy losses on Monday after Trump’s most recent threat to ramp up tariffs upended investors’ perception that a trade deal would arrive soon. The slump in Chinese equities was particularly brutal as domestic stock-market benchmarks saw their worst daily performance since Feb. 2016, when fears about a sharp slowdown in an increasingly debt-laden economy resulted in sharp stock-market losses. Analysts said if the U.S. President’s threat turns out to be more than a negotiating ploy, a key foundation of China’s stock-market run-up this year could collapse, sending equity markets lower.
U.S. stocks close lower Wednesday, a day after the S&P 500 and Nasdaq carved out their first records in months, following earnings from high-profile companies that offered a mixed picture of American corporations.