FYI: U.S. stocks hovered around the flatline Monday, with gains across sectors capped by declines among shares of industrial and materials companies.
The Dow Jones Industrial Average inched up 15 points, or 0.06%, to 26950. The S&P 500 declined 0.01%, and the Nasdaq Composite fell 0.06%.
Data early Monday showed Germany’s manufacturing and services sectors weakened more than expected in September, adding to investors’ worries about the health of Europe’s biggest economy.
That sent European markets lower, with the Stoxx Europe 600 retreating 0.8% and German government-bond yields slipping further below zero.
Even with Monday’s moves, though, U.S. stock indexes remain less than 1% from records. Investors have attributed strong gains there to the relative strength of the U.S. economy. For instance, IHS Markit data showed Monday that business activity in the domestic private sector picked up in September.
Changes in analyst ratings drove swings among individual stocks Monday, with American Airlines losing 1.5% after Bank of America analysts cut their rating for the stock to “neutral” from “buy.”
Roku rose 0.9%, paring losses after worries about competition in the streaming-media devices industry sent the stock tumbling the prior week.
Elsewhere, Chinese shares fell after a canceled trip by Chinese negotiators to farms in Montana raised doubts about progress on U.S.-China trade talks. President Trump also late last week rejected suggestions the U.S. would accept a partial trade agreement with China, saying his administration is “looking for a complete deal.”
The Shanghai Composite Index closed nearly 1% lower, while its smaller Shenzhen counterpart fell slightly more than 1%.
Hong Kong’s Hang Seng fell 0.8% after another weekend of protests. Japan’s Nikkei Stock Average was closed for a holiday, and South Korea’s Kospi was flat.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-09-23/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/dow-futures-edge-lower-after-downbeat-eurozone-data-2019-09-23/printWSJ:
https://www.wsj.com/articles/global-stocks-slip-as-trade-talks-falter-11569226127Bloomberg:
https://www.bloomberg.com/news/articles/2019-09-22/yuan-gains-yen-slips-as-trade-talks-progress-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/stock-market-rallies-then-fades-late-again-these-3-dow-stocks-near-buy-points/CNBC:
https://www.cnbc.com/2019/09/23/dow-futures-higher-after-china-cuts-short-trip-to-us.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/wall-street-subdued-on-mixed-pmi-u-s-china-trade-concerns-idUKKBN1W817UU.K:
https://uk.reuters.com/article/uk-britain-stocks/banks-lead-ftse-100s-descent-thomas-cook-collapse-buoys-rivals-idUKKBN1W80JHEurope:
https://www.reuters.com/article/us-europe-stocks/weak-business-surveys-cast-pall-over-european-stocks-idUSKBN1W80I6Asia:
https://www.cnbc.com/2019/09/23/asia-markets-september-23-us-china-trade-oil-currencies.htmlBonds:
https://www.cnbc.com/2019/09/23/us-bonds-treasury-yields-fall-amid-trade-talk-uncertainties.htmlCurrencies:
https://www.cnbc.com/2019/09/23/forex-markets-us-china-trade-in-focus.htmlOil
https://www.cnbc.com/2019/09/23/oil-markets-middle-east-in-focus.htmlGold:
https://www.cnbc.com/2019/09/23/gold-markets-us-china-trade-palladium-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 
