|Day's range||25,501.45 - 25,877.00|
|52-week range||21,712.53 - 26,951.81|
Equities slid after new reports showed that the manufacturing industries in the U.S. and Germany slid in March, fueling concerns of a global slowdown.
President Trump said he plans on nominating his former economic adviser to a position at the Fed, the central bank that he has criticized for raising interest rates.
The yield-curve inversion might not be signaling a recession yet, but there are other reasons to worry, says one strategist.
A key recession indicator has started to flash red for the first time since 2007. But it may not spell trouble for the economy—at least not yet.
Yields on the 10-year Treasuries fell below three-month Treasury yields earlier on Friday, inverting the so-called yield curve. That’s a sign that a recession could be looming.
Stocks closed broadly lower on Wall Street Friday, erasing the market's gains for the week, as investors became increasingly worried that the global economy is slowing down. Traders shifted money into ...
US stocks dove into negative territory on Friday, wiping out the gains for the week on all three major indices as investors grew nervous about prospects for the global economy. Wall Street had its second worst day of the year as a closely-watched recession indicator based on bond rates flashed red and monthly US, French and German manufacturing indices fell. The so-called yield curve, which tracks the spread between short- and long-term rates on US Treasury bonds, briefly inverted on Friday, with yields on three month bonds falling below those for 10-year notes -- the first time this had happened since before the global financial crisis in 2007.
The yield on the 10-year Treasury bond fell below the yield on a 90-day Treasury bill. This is called a yield curve “inversion.” Perhaps it is no surprise that the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all dipped. When the yield curve inverts, it’s because investors think that a recession is coming.
12:49 p.m. The Dow Jones Industrial Average just keeps tumbling after the yield curve inverted, and support levels are beginning to get knocked out. The Dow has dropped 410.25 points, or 1.6% to 25,552.26, while the S&P 500 has slumped 1.7% to 2805.22, and the Nasdaq Composite has tumbled 2.2% to 7670.73. The S&P 500 had barged through just about every resistance level it had encountered and had even looked to have taken out the most important—the resistance between 2800 and 2815.
Investing.com - Stocks on Wall Street fell sharply Friday as part of the yield curve inverted, underscoring concerns about a possible recession amid slowing global growth.
A yield curve inversion happens when long-term yields fall below short-term yields. It has historically been viewed as a reliable indicator of upcoming recessions.
Wall Street moved sharply lower in late-morning trading on Friday, threatening to wipe out the week's gains as investors reacted to somber news about the global economy. Shortly before 1530 GMT, the Dow and broader S&P 500 were both down 1.1 percent at 25,679.70 and 2,823.13, respectively. The tech-heavy Nasdaq dropped 1.4 percent to 7,729.04.
The difference between 10-year and 3-month Treasury yields, a reliable recession indicator, turned negative for the first time since 2006.
STOCKSTOWATCHTODAY BLOG Friday Funk. Global growth woes are weighing on stocks. Futures on the Dow Jones Industrial Average were 0.7% lower, S&P 500 futures fell 0.6%, and the Nasdaq Composite had dropped 0.
Based on the early price action, the direction of the June E-mini Dow Jones Industrial Average on Friday is likely to be determined by trader reaction to the short-term 50% level at 25877.
Nike’s slump and weak manufacturing data out of Europe renewed questions about the state of the global economy.
The Dow fell 282 points, or 1.09%, by 9:55 AM ET (13:45 GMT) while the S&P; 500 slipped 27 points, or 0.94%, and the tech-heavy Nasdaq composite was down 85.5 points or 1.08%.
The biotech lost nearly a third of its market value on news Biogen halted trials for its Alzheimer’s treatment. The Dow Jones Industrial Average rose 0.84% to close at 25,962.51. The S&P 500 gained 1.09% to end at 2854.88, and the Nasdaq Composite surged 1.42% to end at 7838.96.
Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The core consumer price index rose 0.7 percent from a year earlier, compared with January's 0.8 percent gain. China's commerce ministry said Thursday that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit Beijing for the next round of high-level trade talks.
Wall Street stocks shrugged off doubts about the US economy and powered higher Thursday, with Apple soaring ahead of an expected product launch next week. The broad-based S&P 500 advanced 1.1 percent to 2,854.88, while the tech-rich Nasdaq Composite Index jumped 1.4 percent to 7,838.96. The gains came a day after the Federal Reserve surprised markets with a dovish policy decision that analysts said raised doubts about the US economic outlook.
1:20 p.m. The Dow Jones Industrial Average has gained nearly 200 points today, making back all its losses—and then some—following the end of the FOMC meeting on Wednesday. The Dow has gained 180.62 points, or 0.7%, to 25,926.29, while the S&P 500 has climbed 0.8% to 2846.91, and the Nasdaq Composite has jumped 1% to 7805.41. After yesterday’s drop, we wondered if the market was worried that the Fed saw trouble for the U.S. economy, or that earnings would be disappointing, or that the Fed isn’t easy enough.