Schaeffer's Opening View Housing starts fell for the third straight month in July
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| | 8/16/2019 | |
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Stock Futures Surge as Bond Yields Recover | By Patrick Martin | | Dow Jones Industrial Average (DJI) futures are trading well above fair value, as the blue-chip index looks to end a volatile week on a bright note and build on yesterday's positive momentum. Bouncing Treasury yields are easing concerns about a global recession for now, with the 10-year Treasury yield last seen at 1.56%. On the trade front, President Donald Trump confirmed to reporters that talks with China were ongoing ahead of an early September meeting between the two countries. And as far as economic data, Wall Street is so far shaking off a third straight drop in housing starts in July. Continue reading for more on today's market, including: - 3 stocks to watch after analyst upgrades.
- This car stock has plenty left in the tank.
- M&A reports have BHC stock near a bullish trendline.
- Plus, Deere reports earnings miss; a bull note for Merck; and Nvidia roars on blowout quarterly report.
| >> Continue reading... | |
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