US stocks turn higher in latest lightning shift for markets
KEEPING SCORE: The
The Dow Jones industrial average was up 187 points, or 0.8 percent, to 24,722, and the Nasdaq composite rose 55 points, or 0.8 percent, to 7,312.
TRADE WORRIES: The most recent trigger for wild swings in the market was President
Trump again took to Twitter on Monday to defend the tariffs, which have riled trading partners around the world and already triggered threats of retaliation. Trump highlighted trade deficits with
Investors have been questioning whether Trump's initial promise will prove to be just an opening bid in negotiations, with the actual move being less consequential. Stocks pared sharp losses on Friday amid such speculation. On Monday, House Speaker
"It's incredibly difficult to try to understand the whims of this current administration and to try to make forecasts," said
VOLATILE RIDE: From its low point of the day to its high, the S&P 500 carried investors through a swing of 1.7 percentage points, the fourth straight day that's happened. Trading has been much more wild than during the market's remarkably placid, record-setting run from 2017 into January. During that period, the typical day saw the S&P 500 drift just 0.5 percentage points from its low point to high.
INSURANCE FIRST:
MIXED GLOBAL MARKETS: European markets were mostly higher, with
In
Stocks in
INTEREST RATES: The first thing that jolted markets from its peaceful rise to records was a jobs report in early February that raised the specter of higher inflation. That has investors keyed in for Friday, when the latest jobs report will arrive from the government.
If wages continue to accelerate, investors would likely see it as more evidence that the
"That first day, he didn't say anything he hadn't said before, and the market was so volatile," Roland said.
The yield on the 10-year
COMMODITIES: Benchmark
Gold fell
CURRENCIES: The dollar rose to
Morning Spin: Rep. Lipinski warns Democrats of ‘tea party of the left’
8 huge hospital moves made already this year
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News