Highlights
Stock indexes edged up Monday with a mixed showing for megacaps as bond yields ticked lower. The Dow Jones industrial average rose 0.6 percent, the S&P 500 gained 0.5 percent and the Nasdaq firmed 0.4 percent. US Treasury yields declined as markets begin to anticipate an economy-negative government shutdown while oil prices and the dollar also slipped. Markets are also focused on President Trump's latest tariff threats targeting Canada and on worries that Trump's supposed deal to defuse the Greenland crisis will come unstuck.
Strength in the communications sector and technology underpinned the market as investors anticipate strong results from Apple, Meta and other big tech shares this week. Tesla fell to depress the consumer discretionary, and chipmakers had a bad day, including Nvidia, the bellwether, and Intel. Defensive shares including consumer staples lagged.
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.