Stocks tumble prosaic as Monsanto and Apple can’t take charge. Catch The Final Round during 4 PM ET with Jen Rogers and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks starting a week on a down note embody insurer Cigna as a Wall Street Journal reports it and Anthem are fighting over terms of their designed $48 billion merger, offshore driller Transocean after Citi reiterated a sell rating on a stock, and Tribune Publishing after Tribune’s house deserted opposition Gannett’s latest partnership offer.
Stocks pulling aloft currently embody LendingClub as a uneasy online lender hired Jeffries to find investors for a loan funding, remuneration processor First Data after a certain Barron’s square over a weekend, and Monsanto. The agro-chemical organisation surged as drugmaker Bayer bid $122 a share, or $62 billion, including debt for a company.
The state of a markets
Joining The Final Round for some-more on a markets is Jurrien Timmer, Director of Global Macro during a unite Fidelity Investments, and featured orator on a Fidelity Viewpoints State of a Market webcast. Timmer says a new run-up in a marketplace was only a ‘sugar rally,’ and tells us what’s indispensable for bonds to mangle out of their range-bound ways.
The Fed’s John Williams: some-more rate hikes are coming
Here’s a vital doubt for investors this summer: Will a Fed lift rates? And what could be a probable fallout? Yahoo Finance editor-in-chief Andy Serwer speaks with San Francisco Fed President John Williams to get his opinion on rate hikes for this year, and 2017. NOTE: a full talk with John Williams and a twin of that talk will be published on Tuesday. May 24th.
- At 10 AM Eastern we’ll get large housing information with new home sales for April. The accord reading is for 523,000 homes sold.
- We’ll get some-more gain from Best Buy, Autozone, Toll Brothers, and Hewlett Packard Enterprise.
- And a Solar Impulse 2, a quite solar powered plane, takes off on a latest leg of a goal to finish a turn a universe journey. Taking off form Dayton Ohio, it will take around 17 hours to get a subsequent destination, Lehigh Valley Airport in Pennsylvania.
- Investment Company Information
- John Williams
- Wall Street Journal
- Tribune Publishing