The Dow Jones today fell more than 200 points after a decline in Boeing Co. (NYSE: BA) stock. The plane manufacturer is reeling from a deadly crash involving its 737 Max 8 in Ethiopia over the weekend.
Additionally, talks of the U.S. budget proposal and a trade deal with China keep investors on the edges of their seats. More on this below… with some hot stocks to watch and this one stock Warren Buffett keeps buying.
Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 25,450.24 -22.99 -0.09% S&P 500 7,408.14 -5.86 -0.21% Nasdaq 2,743.07 -13.32 -0.18%
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Monday U.S. President Donald Trump will release his budget proposal for 2020 on Monday. Inside, the president will ask for a whopping $8.6 billion for a wall along the Mexican border. But that won’t be the only big battle between the White House and Congress. The White House budget proposes $2.7 trillion in cuts to education, environmental, and health protections; meanwhile, Trump wants to hike defense spending by 4.7% to $750 billion. The chair of the House Budget Committee said the Trump budget has “no chance in the House.” On the trade front, the United States and China are close to a currency deal as part of the broader ongoing trade discussions. According to The Wall Street Journal, China has agreed that it will not devalue its currency to boost exports, a commitment that its trade officials have honored in other deals with G20 nations. Investors expect that President Trump and Chinese President Xi Jinping will host a summit in the coming weeks to announce