Schaeffer's Market Recap Apple headwinds also pulled indexes off their session highs
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| | 3/26/2019 | |
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Economic Data Keeps a Lid on Stock Market Gains | By Karee Venema | | The Dow jumped to a 279-point lead in early trading, as Wall Street cheered stabilizing bond yields following last week's post-Fed recession scare. Optimism ahead of high-level U.S.-China trade talks and a bouncing bank sector also buoyed stocks. The Dow, S&P 500, and Nasdaq all settled well off their intraday highs, though, on a batch of relatively weak economic data -- including a dreary reading on housing starts -- and a bearish reversal from Apple (AAPL), which swung lower after a U.S. trade judge suggested an import ban on certain iPhone models in a patent infringement case with Qualcomm (QCOM). Continue reading for more on today's market, including: - The FAANG stock for short-term bears.
- Lululemon options price in a big earnings move.
- Plus, more on today's economic reports; red-hot Nvidia rises again; and behind Bed Bath & Beyond's best day in years.
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