The yield on the 10-year Treasury bond slipped to 1.55 percent, a signal that some investors were seeking the safety of government debt.
U.S. Commerce Secretary Wilbur Ross said Monday morning on FOX Business that the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers.
Despite the stock market’s recent selloff, Bullard sees no need to panic about the U.S. economy.
Shares of big industrial corporations led the day's gainers, while the yield on the 10-year Treasury jumped off historic lows.
Walmart shares traded higher after reporting that second-quarter U.S. comparable sales topped expectations and the retailer boosted its earnings forecast for the year.
FBN anchors weigh in on this week's market volatility
The yield on the 10-year Treasury rose to 1.69 percent, up from the previous session's yield which had settled near its three-year low.
Feeding fears of a global recession was a report that Chinese industrial production was climbing at its weakest rate in 17 years and Germany’s economy -- Europe’s strongest -- was actually shrinking.
Investors are worried President Trump's impending Sept. 1 tariff hike on more Chinese imports will scuttle talks aimed at ending their trade war.
The Dow booked its fourth straight session of losses. The Nasdaq and S&P 500 had their fifth straight session of losses.
The sudden risk-off sentiment on Wall Street was reflected in the yield of the 10-year Treasury, which tumbled to 1.87 percent, its lowest level since November 2016.
The rate cut was not all investors had hoped.
It is being widely anticipated by economists that the central bank will cut interest rates for the first time in a decade.
Trade talks between the U.S. and China will resume on Tuesday, two months after negotiations broke down.
Second-quarter growth of 2.1 percent topped expectations of 1.8 percent.
Shares of Facebook jumped in after-market action, as the social media giant reported strong second-quarter results.
Wall Street also noted the less-than-spectacular quarterly results of several major corporations.
Investor sentiment was also buoyed by optimism that the Federal Reserve will cut interest rates at their July 31 meeting.
Markets are again optimistic about a possible interest rate cut.
The last time the S&P 500 performed this well, Eisenhower was making the first presidential appearance to be seen on color television.