Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average finished modestly higher Monday as central banks around the world took steps to stimulate their economies.
- AT&T (T - Get Report) climbed after activist investor Elliott Management wrote a letter to the company's board urging a broader business review that it says would unlock investor value. Elliott took a $3.2 billion stake in the telecommunications and media company.
- Amgen (AMGN - Get Report) shares tumbled after the drugmaker presented details of a trial of its key lung cancer treatment that fell short of Wall Street forecasts. Amgen is Real Money's Stock of the Day.
Wall Street Overview
Stocks ended mixed Monday as central banks around the world were taking steps to stimulate their economies.
The Dow Jones Industrial Average lost earlier momentum but finished up 38 points, or 0.14%, to 26,835, the S&P 500 slipped 0.01%, and the Nasdaq dropped 0.19%.Walgreens Boots Alliance ( WBA - Get Report) , Caterpillar ( CAT - Get Report) and JPMorgan Chase ( JPM - Get Report) led the Dow's advance.
The world's two biggest economies are scheduled to resume trade talks early next month. Mnuchin said President Donald Trump is willing to continue with tariffs on Chinese goods if there's no deal. He also said that he doesn't see any signs of a recession.
A group of 50 state attorneys general officially announced they were opening an antitrust probe into Alphabet's (GOOGL - Get Report) operations on Monday afternoon. Shares fell $1.05, or 0.09%, to $1,205.27.
Shares of AT&T (T - Get Report) climbed 1.4% to $36.77 after activist investors Elliott Management wrote a letter to the company's board of directors urging a broader business review that it says would unlock investor value after taking a $3.2 billion stake in the telecoms and media company.
Tech giant Apple (AAPL - Get Report) is scheduled to hold its "By Innovation Only" gathering on Tuesday where it is expected to unveil updated iPhone models - each with new cameras - and a host of new products and services. Shares ended up slightly at $214.17.
Oil prices were rising after Saudi Arabia ousted its influential Energy Minister over the weekend. News accounts said that Saudi Arabia's new energy minister Prince Abdulaziz bin Salman on Monday endorsed curbing oil output to address an oversupply.