Stock market opens flat, but fights to bounce back after rising rates rattle Wall Street

U.S. stocks opened little changed to slightly higher on Wednesday as investors wrestled with rising rates, with bond yields holding at multiyear peaks after surging on Tuesday on brisker-than-expected retails sales and manufacturing.

The Dow Jones Industrial Average was trading flat, up less than 0.1% at 24,711 after halting an eight session rally Tuesday as investors were spooked by the climb in the 10-year Treasury note to the highest level since 2011 above 3% on Tuesday. on Wednesday rates mostly held their ground as investors digested the recent moves in government paper.

The S&P 500 index advanced slightly, picking up 0.1% at 2,714, while the Nasdaq Composite Index rose about 0.1% to 7,358.

Source: marketwatch

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U.S. stocks set to pick up on selloff, as trade war fears rattle investors

U.S. stocks were poised to keep sliding Friday, building on a selloff prompted by fears of a global trade war.

Those worries were sparked by President Donald Trump’s announcement that the U.S. will impose tariffs on steel and aluminum imports. Some of the U.S.’s biggest trading partners have already threatened to retaliate.

Futures for the Dow Jones Industrial Average dropped 133 points, or 0.5%, to 24,570, while those for the S&P 500 index slipped 9.70 points, or 0.4%, to 2,678.50. Futures for the Nasdaq-100 Index gave up 27.25 points, or 0.4%, to 6,733.25.

On Thursday, the Dow industrials closed 1.7% lower, and the S&P 500 and Nasdaq Composite Index both ended down 1.3%.

That selloff left the three main benchmarks down more than 2% on the week, on track to break a two-week run of gains.

Source: Marketwatch

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Dow Closes Above 25,000 For First Time, as Equity Benchmarks Rattle Off Fresh Round of Records

U.S. stocks recorded their third consecutive day of gains on Thursday, as the Dow Jones Industrial Average closed above the psychologically important 25,000 mark for the first time in history.

Meanwhile, the S&P 500 and Nasdaq Composite hit records for the first three trading days of the year for the first time since 1964 and 1999, respectively. Sentiment remained upbeat on the back of supportive ADP payroll data, as well as a rise in commodity prices.

In individual stocks, CVS Health Corp rose 2.6% after issuing its 2018 guidance. Financials were up across the board with JPMorgan Chase & Co. rising 1.4%, Bank of America Corp. up 1.3% and Wells Fargo & Co. 1.3% higher. Among the days losers was Walgreens Boots Alliance Inc. which fell 5.1% despite better-than-expected earnings.

Source : Market Watch

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