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.
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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