|Day's range||24,328.54 - 24,536.89|
|52-week range||20,553.45 - 26,616.71|
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.
U.S. stocks end the session little changed on Monday as investors grappled with rising bond yields and a mixed bag of earnings reports.
Wall Street stocks edged lower Monday as rising US Treasury bond yields revived worries the Federal Reserve will accelerate its pace of interest rate hikes. The broad-based S&P 500 was essentially flat at 2,670.29, while the tech-rich Nasdaq Composite Index dropped 0.3 percent to end at 7,128.60. The yield on the 10-year US Treasury rose closer to 3.0 percent.
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 ...
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.
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 ...
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. ...
Apple's had a rotten few days, and one market watcher sees more trouble ahead for the world's largest company as concerns over iPhone demand mount.
The Dow Jones Industrial Average early Monday was under selling pressure, with a decline in shares of Goldman Sachs Group Inc., exacting the most pressure among the benchmark's 30 components. The Dow was ...
Homes were typically on the market for 30 days in MarchA "for sale" sign outside a home in Pasadena, California. The numbers: Existing-home sales were at a 5.60 million seasonally adjusted annual pace in March, the National Association of Realtors said Monday.
American companies grew faster in April, especially manufacturers, in a reflection of a steadily expanding U.S. economy. But inflationary pressures increased as well.
The US Government today signaled it may give the world’s second largest Aluminum producer, Rusal, a break on aluminum sanctions. Alcoa has dropped almost 12% in response to the action. The problem with a fickle government without a real cohesive strategy is whippy returns. Who know what will happen next? Support for Alcoa could be at the $49 level. The stock recently peaked over $60 on the sanctions and a decent 2018 outlook. Take a look at our Alcoa post-earnings report here from last week.
Wall Street stocks rose early Monday at the start of week jam-packed with corporate earnings reports and US economic data releases. The broad-based S&P 500 gained 0.2 percent to 2,675.75, while the tech-rich Nasdaq Composite Index rose 0.3 percent to 7,170.21. Companies in the S&P 500 are projected by analysts to earn 18.3 percent more in the first quarter compared with the year-ago period, according to FactSet.
Based on the early trade, the direction of the Dow today is likely to be determined by trader reaction to the 50% level at 24477.
U.S. stock benchmarks opened slightly higher on Monday, but investors were focused on climbing government bond yields and a wave of corporate results from technology companies this week. The Dow Jones ...
There is a good reason not to pay attention to General Electric earnings and analysts who cover the company. The drastic underperformance of General Electric’s stock will surely jump out at you. Please click here for an annotated chart of General Electric.
Nasdaq Composite futures have gained 0.3%. Investors, of course, haven't been worrying just about rising 10-year yields but also the flattening yield curve. Yardeni Research's Ed Yardeni made that point this morning, noting that stock investors might want to the Fed to stop raising rates, but we all know that's not going to happen.