Stock Market Today

U.S. stocks were mixed in late Monday trading, while the dollar gained against its global peers, as investors headed into a week bereft of earnings and ...

In order to remain in office, Johnson needs the support of at least 50% of Conservative lawmakers, plus one, setting a threshold of 180 votes. Japan's Nikkei 225 closed 0.56% higher, paced by the energy sector, at 27,985.89 points. ISM data also noted a faster-than-forecast pace for manufacturing activity last month. In the U.S., benchmark 10-year Treasury notes yields lurched higher, to 3.04%, while the dollar index, which tracks the greenback against a basket of its global peers, was marked 0.25% higher at 102.40 points. In the U.S., however, broader economic growth continues to surprise to the upside even in the face of the fastest inflation in forty years, with last week's May jobs report showing a small moderation in monthly wage gains amid a bigger-than-expected 390,000 increase in headline employment. Stocks ended slightly higher Monday, while the dollar gained against its global peers, as investors headed into a week bereft of earnings and economic data focused firmly on inflation prospects in the world's biggest economy.

Wall Street was set to take premarket increases into Monday's open after a rough session Friday and a rough week.

(Reuters) (The Verge) Under Armour (UAA) stock is among those being replaced in the S&P 500 on June 21. Tesla jumped 3% in Monday's premarket after dropping 9% on Friday. (Reuters) Shares of Chinese ride-hailing giant Didi (DIDI) surged more than 50% in premarket trading in the U.S. on Monday after The Wall Street Journal reported that regulators in China are concluding yearlong investigations into the company. Starbucks was up 1.8% in the premarket. The reasons for the increases: more demand ahead of the summer driving season and a continued to rise in oil prices. Whether the U.S. has seen peak inflation or not, the surge in gas prices is showing no signs of abating. At the end of this trading week, investors and the Federal Reserve get a look at the latest consumer price index. Shares of Amazon rose 1.5% to $124 each in the premarket, as the company's 20-for-1 stock split goes into effect at Monday's open. The Dow dropped for its ninth week out of the last 10 but also kept more of the prior week's more than 6.2% advance. The Nasdaq and the S&P 500 logged their eighth down week in the past nine but held the bulk of the prior week's respective 6.8% and 6.6% gains.

An afternoon rally helped the major indexes snap their short skid. But Twitter accepting Elon Musk's bid stole the spotlight.

Read on as we take a closer look at 15 companies the billionaire class bought in the first quarter of 2022. - A lawyer for Tesla (TSLA, +1.6%) CEO Elon Musk sent a letter to Twitter ( TWTR, -1.5%) accusing the social media platform of refusing Musk's data requests. While some of the names featured here are familiar blue chips, others maintain a much lower profile. Wan points to the Conference Board's leading economic indicators index, which measures the health of the U.S. economy via the labor market, credit market, stock market and new orders in manufacturing. "While there may be little excitement in the U.S. market, China's recent attempts to reassure support to domestic firms may have a positive impact on global bourses this week," says Kunal Sawhney, CEO of Australian research firm Kalkine Group. "Major technology stocks worldwide were trading higher on Monday after Beijing said it is concluding its DiDi Global probe. Meanwhile, the Dow Jones Industrial Average – which was up 1% at its session peak – eked out a 0.05% gain to end at 32,915. - Several solar stocks rallied today after the Biden administration said it would suspend tariffs on solar panel products from four countries – Cambodia, Malaysia, Thailand and Vietnam – for 24 months. The letter said Musk, who is a prospective buyer of Twitter, believes the company "is actively resisting and thwarting his information rights (and the company's corresponding obligations) under the merger agreement" to provide him with data regarding its active user base. The index is currently declining at a rapid pace, the strategist notes, signaling an "increased probability of a recession." "Recessions are a normal part of an economic cycle," writes Michelle Wan, investment strategy analyst at WFII. "Even though it is difficult to predict the timing and magnitude of one, there are signals cautioning investors so they can prepare portfolios ahead of a recession." "This stems back to last month when Musk said he was placing the deal on hold to seek greater clarification on the status of bots and fake accounts," says CFRA Research analyst Angelo Zino (Hold). "We continue to believe that Elon is playing hard ball, which makes complete sense (pending offer at $54.20 per share), to gain leverage/options to either reduce his offer price or indeed completely walk away if he gets cold feet (Musk did rush in and failed to do due diligence). Ultimately, we are finding it increasingly difficult to envision a scenario where this doesn't get settled in the courts." But the major benchmarks began easing back from their earlier gains by midday amid a spiking 10-year Treasury yield – which jumped 8.9 basis points (a basis point is one-one hundredth of a percentage point) to 3.044%, its highest level since December 2018.

US stock futures jumped Monday as global economy fears ebbed, with S&P 500 contracts up more than 1%. Chinese authorities loosened coronavirus restrictions ...

Elsewhere, US bond yields edged higher as traders assessed the strength of the economy. Traders took the move as a sign that supply remains low relative to demand. The move would resume oil-for-debt swaps halted in the US's 2019 sanctions. A stronger-than-expected monthly US jobs report on Friday allayed fears about a recession in the world's biggest economy. WTI crude was 0.83% higher at $119.88 a barrel. US futures and global stocks rallied on Monday as investors' fears about the global economy ebbed, following moves by China to loosen coronavirus restrictions and Friday's strong US jobs report.