(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: U.S. stocks swung between small gains and losses Wednesday amid concerns about the health of the world economy, a day after strong earnings propelled the S&P 500 to new highs.
The S&P was down .22%, after it registered its first record-high close of 2019 on Tuesday. It is up 17% so far this year. The Dow Jones Industrial Average also edged down 0.22%, having entered the day 0.6% below last October’s all-time high.
The tech-laden Nasdaq Composite fell less than 0.23%, after earlier in the day logging an intraday record following its first record close of the year.
Wednesday’s subdued market moves came after strong earnings reports boosted stocks earlier this week, in a year marked by a more cautious Federal Reserve and a stabilizing economy. This year’s powerful rally marks a reversal from the fourth quarter of 2018, when a selloff dragged the Nasdaq into bear-market territory and left the S&P 500 teetering on the edge of ending its longest bull run ever.
In one sign that investors were more anxious about the pace of economic growth, the yield on the benchmark 10-year U.S. Treasury note fell to 2.522%, according to Tradeweb, from 2.570% a day earlier. Bond yields drop as prices rise, though they have recovered since hitting a 15-month low late last month with investors selling ultrasafe Treasurys and favoring riskier assets.
Boeing shares added 0.4% after the company said it would take an initial hit of more than $1 billion on the global grounding of the 737 MAX jetliner following two fatal crashes as the plane maker suspended full-year financial guidance.
Shares of eBay climbed more 5.1% after the e-commerce company’s raised its revenue and profit outlook.
In the energy sector, Anadarko Petroleum jumped 12% after Occidental Petroleum offered to purchase the shale driller for $38 billion, launching a potential bidding war for a company that previously agreed to be purchased by Chevron for about $33 billion. Occidental shares fell 2.2%.
Among other market laggards, AT&T and Caterpillar fell following their latest results.
Facebook, Microsoft and Tesla are scheduled to post earnings after the market closes.
In Europe, the Stoxx Europe 600 switched between gains and losses and ended down 0.1%, following modest declines across most Asian markets. Hong Kong’s Hang Seng fell 0.5% while Japan’s Nikkei closed down 0.3%.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-04-24/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/dow-futures-stage-cautious-rise-ahead-of-boeing-caterpillar-earnings-2019-04-24/printWSJ:
https://www.wsj.com/articles/global-stocks-waver-after-earnings-driven-jump-11556091910Bloomberg:
https://www.bloomberg.com/news/articles/2019-04-23/asian-stocks-set-for-gains-after-u-s-hits-record-markets-wrap?srnd=premiumIBD:
https://www.investors.com/news/technology/facebook-earnings-facebook-stock-q1-2019/CNBC:
https://www.cnbc.com/2019/04/24/stock-market-wall-street-looks-to-facebook-microsoft-earnings.htmlReuters:
https://www.reuters.com/article/us-usa-stocks/sp-500-hovers-below-record-highs-on-mixed-earnings-idUSKCN1S01PNU.K.:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-slumps-as-oil-price-boost-fades-kcom-jumps-on-buyout-bid-idUKKCN1S00TNEurope:
https://www.reuters.com/article/us-europe-stocks/german-shares-hit-six-and-a-half-month-high-as-sap-surges-broader-europe-ticks-lower-idUSKCN1S012LAsia:
https://www.marketwatch.com/story/asian-markets-give-up-early-gains-following-wall-street-records-2019-04-23/printBonds:
https://www.cnbc.com/2019/04/24/us-treasury-yields-tick-lower-as-earnings-take-center-stage.htmlCurrencies:
https://www.cnbc.com/2019/04/24/forex-market-us-housing-data-european-economy-in-focus.htmlOil:
https://www.cnbc.com/2019/04/24/oil-market-us-iran-oil-sanctions-opec-spare-capacity-in-focus.htmlGold
https://www.cnbc.com/2019/04/24/gold-market-dollar-moves-stock-market-climb-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 
Comments
Regards,
Ted
My nephew and niece love piggybacked though
@Ted, I guess you missed that @Catch22 already called this offense to @JohnN’s attention immediately after it occurred yesterday. Unlike you, Catch22 was able to do so effectively and without having to bump one of his own posts over to the Discussions + page.
@johnN “You need to start your own post with your question.
Express to what your game plan is or will be; and then ask the question of the board.”
https://www.mutualfundobserver.com/discuss/discussion/49352/
But there’s something wrong with @Ted’s original post, which I’ve linked above. It’s title has now disappeared. Interesting that a thread with no title has received nearly 200 views.
As for the market cap for today, April 24, you could basically sum it up in 2 words: Nothing happened. How many linked articles does it require to convey that?