div > div.group > p:first-child"> The Dow Jones Industrial Average jumped 209 points at the open, led by a gain in Apple. The S&P 500 rose 0.8 percent as the energy, tech and financials sectors outperformed. The Nasdaq Composite advanced 0.9 percent.
The benchmark 10-year U.S. yield traded at 2.45 percent a day after reaching its lowest level since December 2017. The decline in the 10-year rate caused a so-called yield-curve inversion as the 3-month Treasury bill rate moved above the benchmark rate. Investors see a yield-curve inversion as a signal that a recession may be on the horizon, so a rise in long-term rates is being viewed as a positive right now.
"There's lots of angst about global economic growth. That's understandable because it has been slowing significantly since early 2018," Ed Yardeni, president and chief investment strategist at Yardeni Research."Furthermore, we can all observe that ultra-easy monetary and debt-financed fiscal policies aren't as stimulative as policymakers have been hoping."
The Dow closed Monday with a small gain. News that special counsel Robert Mueller did not find evidence that President Donald Trump colluded with Russia in the 2016 presidential race bolstered the markets by removing some uncertainty. Investors were also hopeful that with the Mueller investigation out of the way, Trump will turn his attention to cementing trade deals."Expectations are for a pretty weak first quarter overseas to go along with a fairly weak U.S.
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