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 S&P 500 edged higher Wednesday, steadying following Tuesday’s decline as investors weighed data showing moderate inflation and the latest signs of caution from global central banks.
The benchmark stock index inched up 0.35%. The S&P snapped an eight-session winning streak Tuesday but still entered Wednesday’s session up 15% for the year and 1.8% below last year’s record. The Dow Jones Industrial Average rose6 points, or less than 0.03%, at 26157. The tech-laden Nasdaq Composite rose 0.69%.
Patient signals from the Federal Reserve regarding interest-rate increases and its balance-sheet runoff program have lifted stocks in recent weeks. Although economic growth is slowing, some analysts say it is still sturdy enough to support corporate profitability without stoking fears of higher inflation that could lead to tighter monetary policy.
Minutes from the Fed’s last meeting showed officials signaled greater conviction that they wouldn’t need to change interest rates this year.
Figures early in the day showed the consumer-price index rose less than economists had expected in March when excluding the volatile food and energy categories, the latest sign underlying price pressures remain contained. Higher energy prices did help push up overall inflation last month.
Meanwhile, the European Central Bank left its policies unchanged as it gauges the impact of its latest stimulus measures designed to spur growth in the lagging eurozone economy.
In the coming weeks, S&P 500 companies are expected to report their first drop in quarterly earnings from a year earlier since 2016. Some investors are weighing whether the drop is temporary or part of a broader trend as wages and other costs increase.
Negative sentiment about growth has pushed some investors back toward ultrasafe Treasurys in recent days. On Wednesday, the yield on the benchmark 10-year U.S. Treasury note fell to 2.476% from 2.497% a day earlier. Bond yields fall as prices rise.
Elsewhere, the Stoxx Europe 600 inched up 0.3%.
In Asia, Hong Kong’s Hang Seng slid 0.1% and Japan’s Nikkei 225 shed 0.5%.
Of the eleven S&P 500 Sectors eight finished in positive territory led by Technology and Real Estate. The three decliners were Utilities, Industrials, and Materials.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-04-10/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-market-set-to-drift-higher-as-investors-await-inflation-data-fed-minutes-2019-04-10/printWSJ:
https://www.wsj.com/articles/global-stocks-pause-ahead-of-ecb-meeting-fed-minutes-11554883673Bloomberg:
https://www.bloomberg.com/news/articles/2019-04-09/asia-stocks-set-for-declines-treasury-yields-slip-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/small-caps-lead-stocks/Reuters:
https://www.reuters.com/article/us-usa-stocks/tech-lifts-sp-500-nasdaq-ahead-of-fed-minutes-boeing-pressures-dow-idUSKCN1RM1DQCNBC:
https://www.cnbc.com/2019/04/10/stock-market-wall-street-in-focus-amid-inflation-data-fed-minutes.htmlU.K.:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-little-changed-ahead-of-brexit-summit-indivior-tanks-idUKKCN1RM0RTEurope:
https://www.reuters.com/article/us-europe-stocks/european-stocks-cautiously-higher-before-brexit-summit-ecb-meeting-idUSKCN1RM0REAsia:
https://www.marketwatch.com/story/asia-stocks-pull-back-early-wednesday-on-the-heels-of-us-market-declines-2019-04-09/printBonds:
https://www.cnbc.com/2019/04/10/bonds-treasury-yields-edge-lower-ahead-of-fed-minutes.htmlCurrencies:
https://www.cnbc.com/2019/04/10/forex-market-us-europe-tariffs-brexit-summit-in-focus.htmlOil:
https://www.cnbc.com/2019/04/10/oil-market-opec-supply-cuts-us-sanctions-in-focus.htmlGold
https://www.cnbc.com/2019/04/10/gold-market-us-eu-tensions-imf-global-outlook-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 
