ADVERTISEMENT
ADVERTISEMENT

STOCKS DO NOTHING: Here's what you need to know

Stocks were little changed on Monday.

For the most part, stocks were little changed on Monday.

The Dow and the S&P 500 saw another day of muted trading, while the Nasdaq ticked up.

Let's jump to the scoreboard:

  • Dow:
  • S&P 500:
  • Nasdaq:
  • US 10-year yield:
  • WTI crude:
ADVERTISEMENT

1. Some of the most powerful people in the US are talking about a massive change to healthcare. Once confined to the fringes of debate, the idea of single-payer healthcare is making a comeback.

3. Stocks are back near record highs — and they have the weaker US dollar to thank for that. The dollar has tumbled about 8% since the start of 2017, which has resulted in a boost for US corporate earnings that are already the best in five years.

5. Traders betting against Alphabet are getting clobbered. Short sellers have taken a $1.1 billion bath on their bearish wagers since the start of 2017 as the stock has surged roughly 23%, according to data provided byS3 Partners, a financial analytics firm.

ADVERTISEMENT

Jana Partners has made an investment inPandora MediaInc., according to a person familiar with the matter, seeing the stock as under-valued with an opportunity to grow its advertising revenue.

stock was down about 3% in after-hours trading.

ADDITIONALLY:

ADVERTISEMENT

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

ADVERTISEMENT
ADVERTISEMENT