DJIA Futures Monday 12.09.19
S&P 500 Futures Monday 12.09.19
Nasdaq Composite Futures Monday 12.09.19
Stocks took a pause from last week’s sizeable surge breaking a three-session winning streak as investors digest the implications of a limited US-China trade deal in light of Friday’s jobs report and the looming December 15 deadline for the introduction of new tariffs on Chinese goods.
10 and 30-year US Treasury yields pulled back today as investors await the FOMC decision this Wednesday. The 10-year yield fell 1.3 basis points to 1.829%, the 30-year fell 2 points to 2.264%, while the 2-year rose 0.8 basis points to 1.627. Investors by and large are expecting the Federal Reserve to take no interest rate action by for the last meeting of 2019.
In addition to the start of the FOMC meeting, tomorrow’s economic reports will include productivity and costs data. No major economic reports have been scheduled for today.
The Dow closed lower at 27,909.60, down 105.46 points or -0.4%. The S&P 500 declined 0.3%, closing at 3,135.96. The Nasdaq Composite fell to 8,621.83, down 0.4%.
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