Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average closed higher Monday following news of a surge in China's manufacturing output and signs of progress in the U.S.-China trade talks.
- Shares of Lyft (LYFT) declined sharply on the ride-sharing company's second full day of trading on the Nasdaq, after its massive IPO last week.
- Amazon.com (AMZN - Get Report) rose after analysts at Oppenheimer raised their price target on the online retailing giant.
Wall Street Overview
David Madden, a market analyst at CMC Markets U.K., said "the major indices have recouped most of the ground that was lost on the back of the selloff in mid- to late March. Should the bullish move continue, the indices might retest the 2019 highs."
"The U.S. produced mixed economic announcements (Monday)," Madden said. "The retail sales report showed a 0.2% decline in February, while economists were expecting an increase of 0.2%. The ISM manufacturing report ticked up to 55.3, from 54.2. It is encouraging to see that manufacturing activity ticked up, but keep in mind the previous report was the lowest reading late 2016, so in the grand scheme of things, the sector is still fragile."
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