Banks reversed course and helped lead the broad gains. Banks were benefiting from higher bond yields, which enable them to charge higher interest rates on loans. Bank of America shares rose 1.7% and Citigroup rose 1.9%. Bond yields rose after a surprising rise in April new-home construction.The steady gains mark a turnaround from Monday, when stocks took a nosedive after Beijing issued retaliatory tariffs on U.S. goods, ratcheting up tensions between the two largest economies in the world.
Utilities and real estate companies lagged behind the overall market, another sign that investors were becoming more comfortable holding riskier assets. “Clearly, the market is at the mercy of what we’re hearing on trade,” said Liz Ann Sonders, chief investment strategist at Charles Schwab.
Have a very radical liberal friend who texts my wife ever time the market has bad down day, but never anything on up days. This AM, seeing market was up 200+ pts, I suggested to her that she text her that market was up for past 3 days. LOL Said gal never tweeted us when O was in
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Asian stocks move lower Monday as markets react to failed U.S.-China trade talks in WashingtonShares were mostly lower in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement.
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Stocks end higher, reclaiming portion of ground lost in Monday routStocks closed with gains, but off session highs, on Tuesday, reclaiming a portion of the ground lost in the previous session's rout, which marked the biggest...
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Here are Monday’s worst stock-market performers as U.S.-China trade dispute escalatesThese stocks are taking the biggest beating Monday with Dow now down 700 points TrumpsTariffs are a winning strategy. Not.
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Stocks making the biggest moves after hours: Take-Two, StoneCo and Tencent MusicSee which stocks are posting big moves after the bell on Monday.
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Stocks making the biggest moves after hours: Pinterest, Nvidia, Applied Materials and moreSee which stocks are posting big moves after the bell on Thursday.
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