US Stock Market LIVE: The US stocks are drifting Tuesday (April 15) in a rare quiet day for financial markets worldwide, for now at least. The S&P 500 was up 0.2% in early trading, though it’s been prone to huge swings not just day to day but also hour to hour.
US Stock Market LIVE: The US stocks are drifting Tuesday (April 15) in a rare quiet day for financial markets worldwide, for now at least. The S&P 500 was up 0.2% in early trading, though it’s been prone to huge swings not just day to day but also hour to hour. It regularly careened more than 1 percentage point within each day as markets struggle to keep up with President Donald Trump’s trade war, which economists warn could cause a global recession unless it’s scaled back.
The Dow Jones Industrial Average was up 44 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.3% higher. Perhaps more importantly, the U.S. bond market was also showing more signs of calm after its sudden and sharp moves last week raised worries that investors worldwide may no longer see U.S. government bonds as a no-brainer go-to when times are scary. The yield on the 10-year Treasury was holding steady at 4.38%, where it eased to on Monday from 4.48% at the end of last week. It had been at just 4.01% a week earlier.