SAM RO
REUTERS/Kim Kyung-Hoon
Zhang Guanhui, impersonating Michael Jackson, dances in front of his house located in a village for migrant workers during an interview with Reuters in Beijing.
Stocks didn’t do much, but they remain near all-time highs. The bond markets, however, made some notable moves.
First, the scoreboard:
- Dow: 17,114.3, +7.6, (+0.0%)
- S&P 500: 1,998.9, -1.1, (-0.0%)
- Nasdaq: 4,566.4, -4.2, (-0.0%)
And now, the top stories on Monday:
1. Today was one of those not-so-exciting days. There wasn’t much volatility, and there were no major economic reports released to move markets in a major way.
2. Interest rates around the world continued to make their way lower. According to Bloomberg, the yield on the German 10-year bond fell to a record low of 0.909%. Spain’s 10-year yield fell to 2.083%. “Rates on similar-maturity Austrian, Belgian, Dutch, Finnish, Irish and Italian debt also fell to all-time lows,” reported Bloomberg’s David Goodman and Lukanyo Mnyanda.
3. Earlier Wednesday, we learned that Germany’s Gfk consumer confidence index fell to 8.6 from 8.9 a month ago, and France’s INSEE business confidence index fell to 91 from 93. Both were worse than economists’ already pessimistic expectations. All of this follows a series of disappointing economic reports from the region, which have economists and bond traders increasingly convinced that the European Central Bank will make moves to ease monetary policy further.
4. The yield on the 30-year Treasury bond fell to as low as 3.11%, the lowest level since May 2013.
Latest
U.S. stocks ended little moved on Wednesday as Wall Street caught its breath, with the S&P 500 closing at a record just above 2,000 for a second consecutive session.
"We had a big move yesterday; these big, round numbers have a psychological impact on investors, who are taking a pause as opposed to going significantly one way or the other," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
"We're flirting with the milestone 2,000 on the S&P 500, and there is a lack of any catalyst to jar prices above that level," Luschini added.
Symbol
Name
Price
Change
%Change
DJIA Dow Jones Industrial Average 17122.01
15.31 0.09% S&P 500 S&P 500 Index 2000.12
0.10 0% NASDAQ Nasdaq Composite Index 4569.62
-1.02 -0.02%
After a session of fluctuating between modest gains and declines, the Dow Jones Industrial Average rose 15.31 points, or less than 0.1 percent, at 17,122.01.
Finishing at a record just above the 2,000 milestone for a second day, the S&P 500 added a fraction to 2,000.12, with utilities the best performing of its 10 major sectors.
Getty Images
A trader works on the floor of the New York Stock Exchange in New York.
On Tuesday, stocks gained, lifting the Dow to an all-time high and the S&P 500 to its first finish above 2,000, after better-than-expected reports -- including a jump in orders for durable goods -- cast favorable light on the U.S. economy.
SAM RO
REUTERS/Kim Kyung-Hoon
Zhang Guanhui, impersonating Michael Jackson, dances in front of his house located in a village for migrant workers during an interview with Reuters in Beijing.
Stocks didn’t do much, but they remain near all-time highs. The bond markets, however, made some notable moves.
First, the scoreboard:
- Dow: 17,114.3, +7.6, (+0.0%)
- S&P 500: 1,998.9, -1.1, (-0.0%)
- Nasdaq: 4,566.4, -4.2, (-0.0%)
And now, the top stories on Monday:
1. Today was one of those not-so-exciting days. There wasn’t much volatility, and there were no major economic reports released to move markets in a major way.
2. Interest rates around the world continued to make their way lower. According to Bloomberg, the yield on the German 10-year bond fell to a record low of 0.909%. Spain’s 10-year yield fell to 2.083%. “Rates on similar-maturity Austrian, Belgian, Dutch, Finnish, Irish and Italian debt also fell to all-time lows,” reported Bloomberg’s David Goodman and Lukanyo Mnyanda.
3. Earlier Wednesday, we learned that Germany’s Gfk consumer confidence index fell to 8.6 from 8.9 a month ago, and France’s INSEE business confidence index fell to 91 from 93. Both were worse than economists’ already pessimistic expectations. All of this follows a series of disappointing economic reports from the region, which have economists and bond traders increasingly convinced that the European Central Bank will make moves to ease monetary policy further.
4. The yield on the 30-year Treasury bond fell to as low as 3.11%, the lowest level since May 2013.
Latest
U.S. stocks ended little moved on Wednesday as Wall Street caught its breath, with the S&P 500 closing at a record just above 2,000 for a second consecutive session.
Latest
U.S. stocks ended little moved on Wednesday as Wall Street caught its breath, with the S&P 500 closing at a record just above 2,000 for a second consecutive session.
"We had a big move yesterday; these big, round numbers have a psychological impact on investors, who are taking a pause as opposed to going significantly one way or the other," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
"We're flirting with the milestone 2,000 on the S&P 500, and there is a lack of any catalyst to jar prices above that level," Luschini added.
Symbol
|
Name
|
Price
|
Change
|
%Change
| |
|---|---|---|---|---|---|
| DJIA | Dow Jones Industrial Average | 17122.01 | 15.31 | 0.09% | |
| S&P 500 | S&P 500 Index | 2000.12 | 0.10 | 0% | |
| NASDAQ | Nasdaq Composite Index | 4569.62 | -1.02 | -0.02% |
After a session of fluctuating between modest gains and declines, the Dow Jones Industrial Average rose 15.31 points, or less than 0.1 percent, at 17,122.01.
Finishing at a record just above the 2,000 milestone for a second day, the S&P 500 added a fraction to 2,000.12, with utilities the best performing of its 10 major sectors.
Getty Images
A trader works on the floor of the New York Stock Exchange in New York.
On Tuesday, stocks gained, lifting the Dow to an all-time high and the S&P 500 to its first finish above 2,000, after better-than-expected reports -- including a jump in orders for durable goods -- cast favorable light on the U.S. economy.
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