Highlights
Losses in big technology stocks weighed on the major equity indexes Monday as the market corrected gains from last week -- with Alphabet and Spacex the featured losers. The Dow Jones industrial average firmed 0.3 percent while the S&P 500 lost 0.4 percent and the Nasdaq was off 1.3 percent. Bond yields and the dollar rose while oil prices declined as US-Iran talks continued.
The Dow outperformed as cyclical plays see cash influx out of big tech/Magnificent Seven. Energy stocks had a bad day as oil prices continued lower amid somewhat hopeful comments about US-Iran talks in Switzerland from the US side. Bond yields continued higher as the market continues pricing in a more hawkish Federal Reserve after last week's Fed policy announcement.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.