Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. U.S. stocks initially came under pressure Monday before the S & P 500 ticked up slightly in midmorning trading, while bond yields remained elevated at 16-year highs. The yield on the 10-year Treasury again breached 5% before pulling back marginally.
Moreover, the mergers-and-acquisitions landscape is starting to improve — as evidenced by Chevron 's $53 billion deal to buy Hess on Monday — which should help the firm's investing-banking arm. Morgan Stanley CEO James Gorman has said investment banking should turn around when the Federal Reserve signals it's done raising interest rates. 3. Apple stock fell Monday on more negative headlines out of China after Beijing launched investigations into Hon Hai Precision Industry Co.
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Source: CNBC - 🏆 12. / 72 Read more »