Stocks backpedaled alongside 10-year bond yields, stirring recession fears
| | |
| | 5/30/2019 | |
|
Stocks End Higher as S&P, Nasdaq Test Key Trendline Support | By Lillian Currens | | It was a choppy session for U.S. stocks today, as the Dow erased early gains around midday to turn lower alongside the 10-year Treasury yield -- which is drawing closer to parity with its 2-year counterpart, and raising alarms about a possible yield curve inversion. This development, paired with rising tensions in the U.S.-China trade war, offset this morning's GDP data; despite a downward revision, first-quarter growth of 3.1% edged past Wall Street's expectations. Stocks eventually rallied back to claw out a positive finish, but the major equity benchmarks remain well on pace to record their first monthly declines of 2019. Continue reading for more on today's market, including: - Why this week's Dropbox bounce could be a shorting opportunity.
- How one volatility trader is betting on Uber's earnings debut.
- What brutal May returns could mean for stocks this summer.
- Plus, Canadian Solar squeezes shorts, Barclays hits Tesla with a bear note, and STZ stock suffers an analyst downgrade.
| >> Continue reading... | |
LATEST HEADLINES |
| ADVERTISEMENT The video game and esports market is on fire right now and the right company could offer potentially blockbuster returns for early investors. The problem has been that most gaming companies are private - and so there has been no way for investors to get in on the massive profits. However, we've discovered a company that checks all the boxes - it's under-the-radar, public and their traffic has blown up to 150 million monthly unique users per month! Don't miss out on this undervalued stock, read the full report to learn more! | | |
To ensure delivery of Schaeffer's Market Recap, add us to your contacts! For more information, please visit this link for further instructions. This email was sent to phanhoa1821960.trader@blogger.com because you are a registered subscriber to Schaeffer's Market Recap or have signed up to receive emails from www.schaeffersresearch.com. Don't want to receive Schaeffer's Market Recap? You can unsubscribe here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. Have a question, comment or concern? We’ll respond quickest if you call (800) 448-2080, email, or write to: |
| |
No comments:
Post a Comment