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STOCKS SLIP LOWER: Here’s what you need to know

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STOCKS SLIP LOWER: Here’s what you need to know

Former England captain David Beckham slips

Darley Shen/Reuters

Stocks slipped on Tuesday as uncertainty mounted ahead of upcoming testimony from former FBI director James Comey.

All three major indices fell more than 0.2%, declining further from record highs reached on Friday.

First up, the scoreboard:

  • Dow: 21,136.40, -47.64, (-0.22%)
  • S&P 500: 2,428.71, -7.20 (-0.30%)
  • Nasdaq: 6,274.76, -20.95 (-0.33%)
  • US 10-year yield: 2.15%, -0.04
  • WTI crude: $48.29, +0.89, (+1.9%)

1. Wall Street has been dead wrong on one of its biggest calls of the year. The consensus was that Treasury yields would rise in 2017 as Donald Trump brought inflation back to the US. That hasn’t happened.

2. A crucial stock market signal just got its most bullish reading of the year. Options traders are the most unhedged on the S&P 500 since December, showing that they’re not particularly worried about protecting gains, even with major indices sitting near record highs.

3. Hedge funds are loading up on bets against one of the Trump trade’s biggest winners: Small caps. Hedge funds and large speculators hold the biggest net short position in six years on the Russell 2000.

4. Billionaire Mark Cuban said bitcoin is a ‘bubble.’ He unleashed a tweetstorm on the heels of bitcoin’s latest record high, near $2,900 a coin.

5. Macy’s plunges to a 6-year low after warning that its profit margins are shrinking. The department store chain is feeling the effects of the so-called retail apocalypse, which is resulting in store closures all over the country.

ADDITIONALLY:

MAPPED: Where US children born into the bottom 20% have the best chance of making it into the top 20%

Pinterest is now valued at $12 billion after raising another $150 million in funding

Deloitte’s COO explains his view of the economy, fintech, and why we shouldn’t be afraid of robots

Wall Street firms are betting that the technology behind bitcoin could help them cut jobs

‘So, do you want to see the car?’: The story of the day that Tesla stunned the world

China’s economy is becoming more like America’s — and not in a good way

NOW WATCH: The richest village in China is one of the most mysterious places on earth

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2r30PK1

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!

Former England captain David Beckham slips

Darley Shen/Reuters

Stocks slipped on Tuesday as uncertainty mounted ahead of upcoming testimony from former FBI director James Comey.

All three major indices fell more than 0.2%, declining further from record highs reached on Friday.

First up, the scoreboard:

  • Dow: 21,136.40, -47.64, (-0.22%)
  • S&P 500: 2,428.71, -7.20 (-0.30%)
  • Nasdaq: 6,274.76, -20.95 (-0.33%)
  • US 10-year yield: 2.15%, -0.04
  • WTI crude: $48.29, +0.89, (+1.9%)

1. Wall Street has been dead wrong on one of its biggest calls of the year. The consensus was that Treasury yields would rise in 2017 as Donald Trump brought inflation back to the US. That hasn’t happened.

2. A crucial stock market signal just got its most bullish reading of the year. Options traders are the most unhedged on the S&P 500 since December, showing that they’re not particularly worried about protecting gains, even with major indices sitting near record highs.

3. Hedge funds are loading up on bets against one of the Trump trade’s biggest winners: Small caps. Hedge funds and large speculators hold the biggest net short position in six years on the Russell 2000.

4. Billionaire Mark Cuban said bitcoin is a ‘bubble.’ He unleashed a tweetstorm on the heels of bitcoin’s latest record high, near $2,900 a coin.

5. Macy’s plunges to a 6-year low after warning that its profit margins are shrinking. The department store chain is feeling the effects of the so-called retail apocalypse, which is resulting in store closures all over the country.

ADDITIONALLY:

MAPPED: Where US children born into the bottom 20% have the best chance of making it into the top 20%

Pinterest is now valued at $12 billion after raising another

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$150 million in funding

Deloitte’s COO explains his view of the economy, fintech, and why we shouldn’t be afraid of robots

Wall Street firms are betting that the technology behind bitcoin could help them cut jobs

‘So, do you want to see the car?’: The story of the day that Tesla stunned the world

China’s economy is becoming more like America’s — and not in a good way

NOW WATCH: The richest village in China is one of the most mysterious places on earth

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2r30PK1

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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