The Dow Jones today is expected to take a small dip after a lackluster earnings report from Walgreens Boots Alliance Inc. (NYSE: WBA). That’s despite some upward momentum from Monday’s rebound in the Chinese manufacturing sector.
Plus: Bitcoin might see a jump again. Details below.
Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 26,258.42 +329.74 +1.27% S&P 500 2,867.19 +32.79 +1.16% Nasdaq 7,828.91 +99.59 +1.29%
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 Tuesday China isn’t the only company to receive good news about its manufacturing sector. Data shows that the U.S. manufacturing level increased in March, a data point that helped offset concerns about a slowing U.S. economy. However, Moody’s has warned that the global economy could soon sink into a recession unless the United States and China are able to strike a deal on trade.
Analysts of Tesla Inc. (NASDAQ: TSLA) are warning that Elon Musk’s electric vehicle business is about to report its sharpest sales decline in history. According to analyst estimates, Wall Street expects first-quarter sales to fall from the 90,700 orders reported in the previous three months. One reason Wall Street expects sales to fall is a fluke Tesla-buying rush that happened at the end of 2018. Customers were taking advantage of an expiring tax credit for electric vehicles. Now, TSLA shares are off more than 13% since the start of 2019. The price of Bitcoin is breaking out once again. The world’s top