Main Indexes Begin Week With Triple-Digit Wins

This week began off robust as optimism relating to trade policy permeated the market. The Dow completed the day 597 factors larger, whereas the Nasdaq and S&P 500 noticed strong positive factors as nicely. In the meantime, Wall Road’s “worry gauge,” the Cboe Volatility Index (VIX) notched its fourth consecutive loss. 

Buyers unpacked in the present day’s S&P 500 manufacturing buying managers’ index (PMI) information, which confirmed a 49.8 contraction in March from final month’s studying of 52.7, whereas the providers PMI rose to 54.3 from 51. Wall Road can also be looking forward to tomorrow’s shopper confidence information amid waning sentiment during the last month.

Proceed studying for extra on in the present day’s market, together with: 

• Checking in on Lululemon inventory before earnings. 
• 3 defense stocks to look at amid sector updates. 
• Plus, AZEK’s finest day ever; and a couple of shares hit with analyst notes. 

5 Issues to Know As we speak 

1. Genetics testing firm 23andMe (ME) is filing for bankruptcy, and CEO Anne Wojcicki is stepping down. (The New York Occasions)
2. Following tariffs, U.S. retail giants are haggling with suppliers behind the scenes.  (Reuters)
3. Outside Residing inventory soars on the heels of billion-dollar buyout. 
4. Lockheed Martin inventory hit with bear notes after Boeing win.
5. Analyst: Pinterest stock posing engaging entry level. 

There have been no notable earnings reviews in the present day.

Oil Rises After Trump’s Venezuelan Oil Announcement

Oil costs rose after Trump stated the U.S. will impose 25% tariffs on imports from international locations that purchase oil and gasoline from Venezuela. Might-dated West Texas Intermediate (WTI) crude was final seen 94 cents larger, or 1.4%, at $69.22 a barrel.

Gold costs slipped for the second day amid U.S. greenback energy and easing tariff considerations. U.S. gold futures inched 0.2% decrease to $3,015.50 per ounce.

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.