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Markets Now: Dow Drops 60 Points Because, You Know, Worries

Want to know why the Dow Jones Industrial Average is doing what it's doing? Check back here for a semi-live look at the volatile markets from Barron's reporters.

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2:35 p.m.Sideways no longer. The Dow Jones Industrial Average has fallen 60.65 points, or 0.2%, to 24,708.28, while the S&P 500 has declined 0.1% to 2719.52 and the Nasdaq Composite has dropped 0.3% to 7379.15.

Don't look for a reason for the decline, however. Yes, the usual suspects are being trotted-- concerns about trade, higher oil prices, rising bond yields --but those were all true yesterday, and stocks went up. So let's just chalk it up to a choppy market, shall we?

Dow Dips 9 Points as Walmart Rises, Cisco's Slump Hits Tech

7:50 a.m. Walmart's (WMT) earnings beat hasn't been able to lift stocks into the green this morning. S&P 500 futures have 0.1%, while Dow Jones Industrial Average futures have declined 9 points. Nasdaq Composite futures have dropped 0.3%. Cisco's (CSCO) 3.8% decline following earnings has weighed on the tech sector.

There's plenty on the docket this morning, from economic data--jobless claims and the Philly Fed index--to the trade talks in China. And don't forget the rising 10-year Treasury yield, which sits at 3.102% this morning, and that Brent crude, the European oil benchmark, just passed $80 a barrel.

It should make for an amusing day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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