(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 fell Tuesday, as the dimming likelihood of an imminent trade deal upended earlier gains and sent investors seeking less risky assets like U.S. government bonds.
The broad index was recently down 0.4%, giving up an earlier advance of as much as half a percentage point to put the S&P 500 on pace for another tough week. Losses widened among shares of consumer staples, utilities and energy companies throughout the session, more than offsetting gains from communication stocks.
The S&P 500 fell 0.84%, while the Dow Jones Industrial Average shed 237 points, or 0.93%, to 255347. The Nasdaq Composite also reversed an earlier lead, falling 0.39% in recent trading.
Investors, meanwhile, appeared to be taking on less-risky assets, such as U.S. government bonds, pushing the yield on the benchmark 10-year U.S. Treasury down to a fresh 19-month low.
Consumer staples shed 1.2% to lead the S&P 500 lower. Food companies notched some of the biggest losses, with Kraft Heinz sliding 6.3%. Kraft, which said last week it wasn’t in compliance with Nasdaq’s financial disclosure rules, has fallen 32% this year due to a regulatory probe into its procurement practices.
Utilities also struggled, shedding 0.9% in recent trading, while energy companies fell 0.7%.
Meanwhile, communication stocks were the only S&P 500 sector to still be in the green in late-afternoon trading. Shares of some media companies were helping to support the sector, along with videogame makers after a Goldman Sachs analyst said Activision is on the cusp of an earnings inflection, upgrading the stock to a buy.
Shares of Activision were up 2.6% in recent trading.
Overseas, the Stoxx Europe 600 fell 0.2, snapping a two-session winning streak, while stocks in Asia mostly gained. The Shanghai Composite added 0.6%, Hong Kong’s Hang Seng Index was up 0.4% and Japan’s Nikkei was up 0.4%.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-05-28/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-index-futures-edge-lower-as-trade-worries-hang-over-market-2019-05-28/printWSJ:
https://www.wsj.com/articles/investors-grow-jittery-over-italy-11559053435Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-27/asia-stocks-set-for-muted-open-dollar-edges-up-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/stocks-fade-sp-500-today-ends-lower/CNBC:
https://www.cnbc.com/2019/05/28/stock-markets-wall-street-in-focus-amid-lingering-trade-worries.htmlReuters:
https://www.reuters.com/article/us-usa-stocks/tech-gains-keep-wall-street-afloat-idUSKCN1SY15FU.K:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-miners-capitalise-on-iron-ore-surge-galliford-jumps-idUKKCN1SY0L2Europe:
https://www.reuters.com/article/us-europe-stocks/european-shares-retreat-led-by-banks-on-italian-budget-woes-idUSKCN1SY0SEAsia:
https://www.marketwatch.com/story/asian-shares-up-in-muted-trading-after-trump-visit-to-japan-2019-05-28/printBonds:
https://www.cnbc.com/2019/05/28/us-bonds-wall-street-set-to-monitor-economic-data-treasury-auctions.htmlCurrencies:
https://www.cnbc.com/2019/05/28/forex-market-eu-elections-trumps-japan-visit-in-focus.htmlOil:
https://www.cnbc.com/2019/05/28/oil-market-chinese-economy-opec-supply-cuts-in-focus.htmlGold
https://www.cnbc.com/2019/05/28/gold-market-dollar-moves-eu-elections-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
⇒ This post had very few views and no comments. It was artificially "bumped" into Discussions + by the poster himself, without legitimate qualifying comments.
Ted has deliberately added a spurious "." comment in order to force it to your attention. In so doing he is choosing to ignore a request by by David Snowball to "stop gaming the system by bumping himself". He obviously believes himself to be exempt from the MFO rules which everyone else observes.
Ted's continued violation of MFO standard practices demonstrates just how little concern he actually has for the ongoing health of this site.