|Day's range||25,372.26 - 25,603.27|
|52-week range||21,712.53 - 26,951.81|
Goldman Sachs analysts think the stock market overreacted to weakening German manufacturing data.
Weak factory data from the United States, Europe and Japan on Friday triggered a sell-off in U.S. equities and also led to the inversion of U.S. Treasury yield curve for the first time since 2007. Yields on U.S. 10-year treasury yields rose slightly on Monday after data showed German business morale improved unexpectedly in March, but spreads between U.S. three-month and 10-year Treasury yields modestly inverted as the session progressed. An inverted yield curve is widely seen as a leading indicator of recession.
Although worries about global growth remain, a brutal selloff at the end of last week may have some investors looking for bargains.
Retailers led U.S. stocks broadly higher Monday as the market bounced back from an early stumble. Norfolk Southern picked up 2 percent, Regions Financial added 1.6 percent and chipmaker Nvidia dropped 2.2 percent. A sharp decline in bond yields last week also drove the selling.
More news and analyst research about the troubled 737 MAX program isn’t providing anything for investors to grasp. Boeing shareholders need to think about managing idiosyncratic risk, and it may be time to trim back for some.
The biggest news of the morning—the Mueller report and continued Brexit chaos—appears to be the least concerning to the market.
Investing.com - Wall Street pressed lower on Monday as concerns over the economic outlook outweighed positive market developments and risk aversion dominated.
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 ...
Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes posting their biggest one-day percentage declines since Jan. 3, as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fuelling fears of a global economic downturn. Capping five tumultuous days of trading, the S&P 500, the Dow and the Nasdaq were all down for the week. A weaker-than-expected reading of U.S. factory activity in March, along with similarly dour reports from Europe and Japan, helped send U.S. Treasury yields into an inversion, with the spread between yields of three-month Treasury bills exceeding those of 10-year notes for the first time since 2007.
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 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.