Stocks rose at the open as a decline in Treasury yields stabilized after a recent sharp decline, assuaging fears of an economic slowdown.
div > div.group > p:first-child"> The Dow Jones Industrial Average jumped 209 points at the open, led by a gain in Apple. The S&P 500 rose 0.8 percent as the energy, tech and financials sectors outperformed. The Nasdaq Composite advanced 0.9 percent.
The benchmark 10-year U.S. yield traded at 2.45 percent a day after reaching its lowest level since December 2017. The decline in the 10-year rate caused a so-called yield-curve inversion as the 3-month Treasury bill rate moved above the benchmark rate. Investors see a yield-curve inversion as a signal that a recession may be on the horizon, so a rise in long-term rates is being viewed as a positive right now.
"There's lots of angst about global economic growth. That's understandable because it has been slowing significantly since early 2018," Ed Yardeni, president and chief investment strategist at Yardeni Research."Furthermore, we can all observe that ultra-easy monetary and debt-financed fiscal policies aren't as stimulative as policymakers have been hoping."
The Dow closed Monday with a small gain. News that special counsel Robert Mueller did not find evidence that President Donald Trump colluded with Russia in the 2016 presidential race bolstered the markets by removing some uncertainty. Investors were also hopeful that with the Mueller investigation out of the way, Trump will turn his attention to cementing trade deals."Expectations are for a pretty weak first quarter overseas to go along with a fairly weak U.S.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow logs more than 200-point gain as Apple leads tech stocks higherU.S. stocks ended higher on Thursday as a sharp surge in tech shares helped to lift key equity benchmarks. The S&P 500 rose 1.1% to end near 2,855. The...
Read more »
Dow clings to gain as stocks post mixed finish amid lingering global growth worriesStocks posted a mixed finish Monday as worries over global economic growth continued to cast a cloud over financial markets. The S&P 500 fell 0.1% to...
Read more »
All 30 Dow stocks trading higher in premarketThe 131-point rally in futures for the Dow Jones Industrial Average is unanimous Tuesday, as all 30 components were rising in premarket trade. The biggest...
Read more »
Shares in Asia set to slip despite Wall Street surge overnightStocks in Asia were set to slip at the open despite an overnight surge on Wall Street, with the Dow Jones Industrial Average posting a gain of more than 200 points.
Read more »
Why an inverted yield curve doesn’t mean investors should immediately sell stocksTony Dwyer, chief U.S. markets strategist for Canaccord Genuity, is urging investors to view a yield curve inversion as an opportunity rather than a death...
Read more »
Stocks end sharply lower as global growth worries mountStocks fell sharply and ended near session lows Friday as a round of disappointing economic data out of Europe and an inversion of the U.S. Treasury yield...
Read more »
Why is the Dow falling? Banks and tech stocks drag down market on Wall StreetU.S. stocks moved broadly lower on Wall Street Friday, dragged down by banks and industrial companies.
Read more »
Dow logs best day in 5 weeks as tech shares, Apple buoys stock marketU.S. stocks close higher Thursday on the back of a rally in the technology sector, while shares of Apple Inc. surged, helping to propel the Dow.
Read more »
Stocks open higher as focus shifts back to China trade talksU.S. stocks started Tuesday's session higher, as U.S.-China trade negotiations are resuming. U.S. trade representative Robert Lighthizer and Treasury...
Read more »
Stocks slide as growth fears weigh on market sentimentU.S. stocks retreat Monday morning as markets struggled to regroup after data showing weakness on the global economic front triggered heavy losses last Friday.
Read more »