Economic news

Wall Street tries to pick up pieces of gains after Friday’s fall

The beginning of the new week is not the best time for sharp jumps in stock indices, especially after such a fall, which was registered on Wall Street on Friday. The situation with falling U.S. Treasuries yields is at play.

wall street mixed

• The Dow Jones Industrial Average increased by 0.14 percent to 25,536.83.

• Standard & Poor's 500 rose sligthly by 0.02 percent to 2,801.38.

• The Nasdaq Composite slipped by 0.08 percent to 7,636.90.

The fact that U.S. 10 Year Treasury Note yield fell below the 3 Year Treasury bond forced analysts to draw a conclusion that global growth was slowing, and this phenomenon we would probably have to accept. Hence a prospect of rates cut appears.

The situation was aggravated by U.S.-China trade negotiations tensions and Brexit Saga.

Apple’s shares were down 0.15 percent, despite the fact the company is going to introduce its own streaming service and new versions of iPads and Macs. There were some information that the Apple service will not have a subscription to the content of Netflix, whose securities showed a 0.65 percent increase.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree