What to watch today: Bond yields hit stocks, possible opioid deal, and China spies use LinkedIn

this morning, following a Tuesday session that saw stocks give up a chunk of their Monday gains as bond yields fell. The Dow has now fallen in two of the past three sessions, with the S&P 500 and Nasdaq lower in three of the past four trading days. Utilities have been the biggest trend-bucker of the month, with the S&P 500 Utilities sector by far the strongest sector performer of the month, and the Dow Jones Utilities currently at a record high.

On today's U.S. economic calendar, the Mortgage Bankers Association is out with its weekly look at mortgage applications at 7 a.m. ET, while the Energy Department issues its weekly report on oil and gasoline inventories at 10:30 a.m. ET. Luxury goods retailer Tiffany , spirits maker Brown-Forman , clothing retailer Chico's FAS , and watch maker Movado Group are out with

this morning. H&R Block , Box , Five Below , Guess , Okta , PVH , and Williams-Sonoma issue quarterly reports after today's closing bell.Purdue Pharma and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company for up to

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Asia stocks, bond yields rise as trade war fears easeAsian stocks tracked global peers higher on Tuesday while safe-haven bonds sold ... Is Reuters cheering on China? lol
Source: Reuters - 🏆 2. / 97 Read more »

Dow drops more than 100 points as bond-market recession indicator, trade worries worsenThe Dow dropped more than 100 points as trade uncertainty continued and a recession indicator from the bond market worsened. As the yield curve remained inverted, both the S&P 500 and the NASDAQ also closed down. RockyMountViews Have the media considered that Trump’s trade related burbles don’t really matter much to the markets? There is no more liquidity you gave all to the Chinese elders thanks to your GOP and DNC leadership and then they cut the line credit off FDICgov to the world ask your RoyalFamily so all you have is the cash on you. No more food stamps NYCHRA welfare SocialSecurity
Source: CNBC - 🏆 12. / 72 Read more »

European stocks set to edge lower as bond market recession warning deepensEuropean stocks were seen opening slightly lower Wednesday after the U.S. yield curve inversion deepened to levels not seen since 2007, reigniting fears of an impending recession.
Source: CNBC - 🏆 12. / 72 Read more »