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The major averages began the day on a lower note as nine of ten sectors saw losses of more than 0.5%.
Stock Market Headlines
Neiman Scaling Back Physical Presence in China 9:35PM ET - Dow Jones Business News
Apple Facing Scrutiny From EU Over iPhone -FT 6:06PM ET - Dow Jones Business News
Delaware Supreme Court Reverses Equitable Payment Stream to PharmAthene and Remands Litigation to T 4:12PM ET - GlobeNewswire
CORRECT (5/24): Deutsche Bundesbank VP: Fed Proposals on Foreign Banks Not Helpful for Supervision 9:19AM ET - Dow Jones Business News
Protests Held Against Monsanto's Genetically Modified Seeds 8:46PM ET - Dow Jones Business NewsView All
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- 10:54 PM Minutes from the BOJ's April 26 meeting show some board members believe the link between inflation expectations and actual inflation is tenuous, underscoring the notion that inflation will remain below the BOJ's official forecast of 1.9% in 2016. Additionally, some members noted the apparent contradiction in buying bonds to keep rates low while simultaneously promoting inflation (which would put upward pressure on yields). Some commentators have flagged this perceived inconsistency as a contributing factor to recent volatility in the market for Japanese government bonds (JGBL).
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