U.S. stocks moved lower at the start of trade Wednesday as investors gauged the potential recession signal offered by the inverted U.S. Treasury yield curve, while the intensifying U.S.-China trade war and the rising chances of a no-deal Brexit take their toll on global economic growth.
The spread between the yield on the 10-year U.S. Treasury note TMUBMUSD10Y, +0.28% and that of the 2-year TMUBMUSD02Y, -1.82% fell deeper into negative territory Tuesday. This so-called “inversion” of the yield curve has been a reliable warning sign of recession historically. The 3-month/10-year measure of the curve — seen as a more reliable recession warning sign than the 2-year/10-year measure — has been inverted since May.
Skeptics have argued that the inversion might not offer as strong a signal in the current environment, which has seen central banks around the world employ bond buying in recent years in an effort to push down long-term yields. Which stocks are in focus? Shares of Tiffany & Co. TIF, +3.46% fell 1.8% after posting second-quarter earnings. The luxury jeweler reported second-quarter earnings that fell less than expected, though revenue fell just shy of Wall Street forecasts.
Up +24 at 10a. Dip
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks rally on optimism for a US-China trade war thawMARKETS: Technology and communications companies led stocks broadly higher as cautious optimism about the potential for progress in the costly trade war between the U.S. and China put investors in a buying mood. Then our deranged “president” will say something tomorrow to make them tank again. Trump is gaslighting. Think the trade war’s costly, you should see the complacency bill.
Source: ABC - 🏆 471. / 51 Read more »
Stocks surge as Trump calms investor fears over his trade war with ChinaThe Dow Jones industrial average, Nasdaq composite, S&P 500 index all rose during US trading on Monday. Up and Down... Up and Down... Up and Down... Until he says or does something dopey & then down go the markets again...... Trump plays the stock market.
Source: BusinessInsider - 🏆 729. / 51 Read more »
What to watch today: Bond yields hit stocks, possible opioid deal, and China spies use LinkedInU.S. stock futures move in a narrow range between gains and losses this morning, following a Tuesday session that saw stocks give up a chunk of their Monday gains.
Source: CNBC - 🏆 12. / 72 Read more »
Global Stocks Slip, Pound Falls on Brexit FearsGlobal stocks were broadly lower amid persistent economic and trade fears, and the British pound fell after Prime Minister Boris Johnson moved to suspend Parliament. No deal done. This whole Brexit episode unfolded as predicted by slickenteur. Must follow her folks, she does brilliant political, military and geopolitical analysis. Read her articles. All her predictions and analyses have been on point and always accurate. Incredible stuff. America supports Brexit!!! Uk proud？no never exist
Source: WSJ - 🏆 98. / 63 Read more »
Cramer's lightning round: Financial stocks are off limits until the yield curve improvesJim Cramer takes calls and delivers answers on viewers' stock picks of the day. Didn’t Cramer and his entire CNBC possy just advocate two weeks ago for financial stock? How the times have changed...
Source: CNBC - 🏆 12. / 72 Read more »
Stocks end higher after Trump sounds optimistic tone on tradeStocks ended higher Monday, marking a partial bounce from Friday's steep selloff, after President Donald Trump said China wants to return to the negotiating... Which is it? Friday with the Twitter rant, he was pessimistic. Now he is optimistic? Stock traders have to be the dumbest people on earth. 🤦🏼♂️ Socialists always talk of the greed and unfairness of free market capitalism. You first have to actually have it before you can criticize it.
Source: MarketWatch - 🏆 3. / 97 Read more »