Here Are Tuesday’s Top Wall Street Analyst Research Calls: American Tower, Citigroup, CrowdStrike, Fortinet, Hanover Insurance, Jazz Pharmaceuticals, Stubhub, X-Energy, and More Quick Read: – The trading week started mixed as many of the same issues we saw last Friday remained…
ont and center on Monday. – There is a rumbling in the bond market that new Federal Reserve Chairman Kevin Warsh may have to raise rates this summer or in the fall. – While yields were flat to down on Monday, the consensus is that they could be going higher. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Assured Guaranty wasn’t one of them. Get them here FREE
Pre-Market Stock Futures: Futures are trading lower on Tuesday as the sell-off in technology stocks carried through to Monday and is headed down that road today. All of the major indices, except the Dow Jones Industrial Average, which closed 0.32% higher at 49,668, finished the day lower. The small-cap Russell 2000 was the big loser on Monday, closing down 0.63% at 2,775, while the tech-heavy Nasdaq closed lower by 0.51% at 26,090.
The S&P 500, which made numerous new highs last week, was last seen at 7,403, down 0.07%. The same issues combined to create the weakness on Monday: worries about higher inflation, the ongoing war in Iran, where President Trump said he called off an imminent attack, and, of course, rising bond yields. Treasury Bonds: After a brutal beatdown last week, yields across the Treasury curve closed modestly lower as some buyers came in to examine the wreckage.