2 Steel Stocks at Fresh Lows

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Traders aren’t doing much with trade uncertainty sapping sentiment

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Midday Market Check


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Stocks, Oil Struggle as Trade Stays in Focus

By Josh Selway

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Stocks are hovering near breakeven today in a low-volume session. Trade uncertainty is holding back the Dow Jones Industrial Average (DJI) and its index peers, with news China is halting soybean purchases from the U.S. overshadowing upbeat gross domestic product (GDP) data from this morning. There’s also notable weakness in the energy sector, with the U.S.-China conflict weighing on commodities, as well. July-dated crude futures were last seen down 2% at $57.64 per barrel.

Continue reading for more on today’s market, including: 

>> Continue reading…

>> Don’t Bet on a Dropbox Rally Anytime Soon
Analyst sentiment remains bullishly skewed, however
>> How Stocks Could Fare After a Bruising May
The SPX is down more than 5% so far this month
>> Canadian Solar Stock Surges on CEO Update, Earnings
Canadian Solar recently bounced off its 200-day trendline
>> Barclays: Tesla is Stalling as a Niche Automaker
TSLA fell to a two-year low yesterday
>> VEEV Stock Eyes Best Day In Months On Earnings Beat
Veeva Systems just reported first-quarter earnings and revenue that beat expectations

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Schaeffer's Midday Market Check

2019-05-30 16:41:08

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