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The Closing Bell: Walgreens Drags On Dow as U.S. Stocks Tread Water

TedTed
edited April 2019 in The Bullpen
The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)

FYI: Falling shares of Walgreens Boots Alliance pulled the Dow Jones Industrial Average lower Tuesday after the drugstore chain slashed its profit expectations, rekindling investors’ fears of economic turbulence.

The Dow industrials fell 79 points, or 0.30%, to 26179, as shares of Walgreens slumped nearly 13%, putting the drugstore chain on pace for its biggest daily decline in more than four years.

Trading across the rest of the market was more muted, with the S&P 500 little changed from the previous day.

Technology stocks like Apple, however, saw modest gains, pushing the Nasdaq Composite up 0..25%.

Adding to investors’ economic trepidations was a drop in orders for long-lasting factory goods in February following three straight months of growth. A sharp decline in civilian aircraft orders contributed to a 1.6% pullback in orders for durable goods in February from January, the Commerce Department said Tuesday.

Indexes in other regions, meanwhile, notched minor gains, with Asian indexes ticking higher. Japan’s Nikkei 225 was flat, Hong Kong’s Hang Seng edged up 0.1% and the South Korean Kospi rose 0.4% as it shrugged off weaker-than-expected inflation data. Europe’s pan-continental Stoxx Europe 600 was up 0.4% in afternoon trading, after staging its largest one-day gain since February on Monday.

Of the eleven S&P 500 Sectors five were higher led by Real Estate and Communication Services. On the losing side were the other six led by Energy and Consumer Staples.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-04-02/your-evening-briefing

MarketWatch:
https://www.marketwatch.com/story/stock-futures-waver-as-boost-from-manufacturing-data-fades-2019-04-02/print

WSJ:
https://www.wsj.com/articles/global-stocks-pause-after-data-driven-rise-11554192131

Bloomberg:
https://www.bloomberg.com/news/articles/2019-04-01/asia-stocks-to-gain-pound-drops-on-brexit-votes-markets-wrap?srnd=premium

IBD
https://www.investors.com/market-trend/stock-market-today/stocks-mixed-dow-jones-ends-win-streak-apple-near-buy-point/

Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-pauses-after-recent-surge-walgreens-slides-on-profit-warning-idUSKCN1RE14G

CNBC:
https://www.cnbc.com/2019/04/02/stock-market-futures-slightly-lower-despite-strong-manufacturing-data.html

U.K.:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-at-six-month-high-as-brexit-wounded-pound-lifts-exporters-idUKKCN1RE0MN

Europe:
https://www.reuters.com/article/us-europe-stocks/european-stocks-hit-six-month-high-as-automakers-insurers-gain-idUSKCN1RE0P7

Asia:
https://www.marketwatch.com/story/asian-markets-add-on-to-mondays-gains-2019-04-01/print

Bonds:
https://www.cnbc.com/2019/04/02/bond-market-treasury-yields-fall-amid-strong-manufacturing-data.html

Currencies:
https://www.cnbc.com/2019/04/02/forex-market-us-treasuries-global-economic-slowdown-in-focus.html

Oil:
https://www.cnbc.com/2019/04/02/oil-market-opec-supply-cuts-us-sanctions-in-focus.html

Gold
https://www.cnbc.com/2019/04/02/gold-market-dollar-moves-equities-in-focus.html

WSJ: Markets At A Glance:
https://markets.wsj.com/us

Major ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitor

SPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker

SPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectors

Current Futures:
https://finviz.com/futures.ashx




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