U.S. stock indexes pulled back on Monday, putting at least a temporary halt to their weekslong advance. The early drop comes at the beginning of a busy week for markets.
Earnings reporting season will begin in earnest at the end of this week, with JPMorgan Chase and other big banks set to tell investors how much they earned during the first three months of the year. Expectations are low for the entire market, and analysts are forecasting the first drop in profits in years.
All this comes against a backdrop of heightened worries about global economic growth and a global trade war. Growth has slowed, and investors are debating how much last week's stronger-than-expected report on U.S. jobs changes the picture. Negotiations between the United States and China on their trade dispute are ongoing.
GROUNDED: Boeing slumped 4%, one of the biggest losses in the S&P 500, after the company said late Friday that it will cut production of its 737 Max plane this month. Regulators around the world grounded the jet model after it was involved in two separate fatal crashes that occurred within weeks of each other.
And doesnt tweet about the market when it's up 🤣
a small 0.3% is not a Pull Back geeeesh…..
There’s still 5 hours of trading left. Relax
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »