NEW YORK (March 26): The S & P 500 index closed a rude session a little lower on Monday, as concerns about a slowdown in global economic growth lasted, and when Apple Inc shares fell after the company revealed its video streaming service.
Indexes moved between negative and positive territory throughout the session, where investors watched the US financial market.
Benchmark 10-year dividends fell to their lowest levels since December 2017, while the yield curve between three-month bills and 10-year notes inverted further as investors continued to assess last week's poor pivot of the Federal Reserve.
The Fed flagged an expected slowdown in the economy last week and decided to raise interest rates this year.
The yield curve inversion, if it holds, is seen by some as an indicator that a recession is likely in one to two years. Ten years of notes were last at approx. 2.4%
The S & P 500 index ended with 0.4 percent and fell for a fifth straight day, the longest lost knit this year.
"We went from people worried about a 4 percent (dividend on) 1
Apple shares fell 1.2 percent and were the biggest draw on indexes. The iPhone manufacturer revealed its long-awaited Apple TV + origination to original streaming and the Apple TV Channel subscription service, which joined a crowded market for streaming capabilities.
Dow Jones Industrial Average rose 14.51 points or 0.06 percent to 25.516.83, S & P 500 lost 2.35 points or 0.08 percent to 2,798.36, and Nasdaq Composite fell 5.13 points or 0.07 percent to 7,637.54.
Investors largely fired Special Counsel Robert Mueller's report that President Donald Trump's campaign did not assemble with Russia. 19659002] The report left unresolved the question of whether Trump hindered justice by undermining the investigations that have subdued his presidency.
The top US officials travel to Beijing for the latest round of senior talks expected to start on March 28. At a glance, consumer estimates grew 0.6 percent, backed by gains at Home Depot Inc and Amazon.com Inc.
Accelerate issues related to adhering them to the New York Stock Exchange with a 1.03 to 1 ratio; On the Nasdaq, a 1.10 to 1 ratio was favored submitter.
S & P 500 posted nine new 52-week highs and six new lows; Nasdaq Composite registered 25 new highs and 101 new lows.
The volume of US stock exchanges was 6.96 billion shares compared to 7.69 billion average for the entire session over the last 20 trading days. – Reuters