Following Tuesday’s sell off, the Dow Jones today continued to trade lower in premarket hours as fresh North Korean fears weighed on market optimism. Overnight, North Korea suggested that it may pull out of next month’s talks if the United States insists upon full nuclear disarmament.
Markets are expected to move today after the10-year Treasury yield creeped above 3% to its highest level since 2011. Markets have been expecting lower inflation after several positive economic reports in recent weeks. Money Morning Liquidity Specialist Lee Adler explains that the Fed has lost control of interest rates… and that investors need to plan for the fallout from rising inflation.
Here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 24706.41 -193.00 -0.78% S&P 500 2711.45 -18.68 -0.68% Nasdaq 7351.63 -59.69 -0.81%
Now here’s a closer look at today’s Money Morning insight, the most important market events and stocks to watch.
MUST SEE: Watch this guy officially become $1,050 richer in 15 seconds… $940 richer in 11 seconds… $1,260 richer in 8 seconds… and $988 richer in 7 seconds! Then discover how you could do this all yourself. Click here…
Money Morning Insight of the Day
Right now, The Walt Disney Co.‘s (NYSE: DIS) potential $52 billion acquisition of most of Twenty-First Century Fox Inc.‘s (Nasdaq: FOX.A) is in doubt. The question is what you’re going to do about it? Money Morning’s Special Situation expert Tim Melvin explains that you can make 10 times on your money when this deal falls apart. He shows you how, right here.
The Top Stock Market Stories for Wednesday
Yesterday, North Korean officials threatened to pull out of next month’s summit with President Donald Trump over demands tied to its nuclear weapons program. The announcement comes when