The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: The Dow Jones Industrial Average climbed Thursday as President Trump prepared to meet top Chinese officials in Washington to resolve the continuing trade dispute, a major investor concern amid doubts around growth in the world’s leading economies.
The blue-chip index advanced 166 points, or 0.4%, to 26584, driven by gains in trade-sensitive stocks such as materials-science firm Dow and aerospace giant Boeing , which added 4.3% and 2.7%, respectively. Meanwhile, the S&P 500 ticked up .21% as losses in technology shares kept gains in industrial stocks in check. The tech-heavy Nasdaq Composite lost 0.5%.
The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, rose 0.1%.
The 10-year U.S. Treasury edged down to 2.510% Thursday from 2.517% on Wednesday, according to Tradeweb. Yields move inversely to prices.
In Thursday’s action, shares of Tesla skidded 7.9% after the company said Thursday that new-vehicle deliveries fell 31% in the first quarter from the prior quarter.
Meanwhile, the Stoxx Europe 600 dipped 0.3% as Prime Minister Theresa May met with opposition leader, Jeremy Corbyn, in a high-risk attempt to find a compromise Brexit deal this week. The British pound lost 0.4% against the dollar Thursday.
Elsewhere, the Shanghai Stock Exchange rose 0.9%, Hong Kong’s Hang Seng Index dipped 0.2% and Japan’s Nikkei ticked up 0.1%.
Today the S&P 500 Sectors had seven winners, and four losers. Materials and Energy led those who were in positive territory, Technology and Real Estate led the other four sectors in the red.
Regards,
Ted
Blomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-04-04/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-index-futures-drift-lower-as-us-china-trade-talks-continue-2019-04-04/printWSJ:
https://www.wsj.com/articles/global-stocks-slip-as-u-s-china-trade-talks-continue-11554365871Bloomberg:
https://www.bloomberg.com/news/articles/2019-04-03/asia-stocks-set-for-modest-gains-treasuries-drop-markets-wrap?srnd=premiumIBD
https://www.investors.com/market-trend/stock-market-today/stock-market-bounces-software-sector-tumbles/Reuters:
https://www.reuters.com/article/us-usa-stocks/sp-wavers-with-u-s-china-trade-talks-in-focus-idUSKCN1RG1DFCNBC:
https://www.cnbc.com/2019/04/04/stock-market-wall-street-in-focus-amid-ongoing-us-china-trade-talks.htmlU.K.:
https://uk.reuters.com/article/uk-britain-stocks/ex-div-trading-miners-weaken-ftse-100-saga-takes-down-midcaps-idUKKCN1RG0QYEurope:
https://www.reuters.com/article/us-europe-stocks/european-stocks-snap-winning-run-commerzbank-in-merger-focus-idUSKCN1RG0QJAsia:
https://www.cnbc.com/2019/04/04/us-bonds-treasury-yields-in-focus-amid-auctions-fed-speeches.htmlBonds:
https://www.cnbc.com/2019/04/04/us-bonds-treasury-yields-in-focus-amid-auctions-fed-speeches.htmlCurrencies:
https://www.cnbc.com/2019/04/04/forex-market-brexit-vote-us-china-trade-talks-in-focus.htmlOil:
https://www.cnbc.com/2019/04/04/oil-market-us-crude-inventories-tightening-global-supply-in-focus.htmlGold
https://www.cnbc.com/2019/04/04/gold-market-dollar-moves-us-china-trade-talks-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx