KEEPING SCORE: The
Stocks jumped Monday but they've been gradually drifting lower over the last few weeks. Over the same period, bond prices have fallen to five-month lows.
HEALTH CARE WOES:
The Tylenol maker's stock lost
Prescription drug distributor
BANKS STRUGGLE: Goldman Sachs' revenue fell short of investor projections in the first quarter as its highly-regarded trading desks didn't perform as well as their competitors. The stock gave up
A drop in bond yields also hurt banks, as lower bond yields mean reduced interest rates and smaller profits on lending.
EUROPEAN ELECTIONS: British Prime Minister
European stocks fell, as the vote creates even more political uncertainty in
“The reason it's so important is that the stronger growth is likely to support higher stock prices even in the absence of pro-growth policies from the Trump administration,” she said.
BONDS: Bond prices jumped. The yield on the 10-year
As bond yields fell, shares of companies that pay big dividends did better than the rest of the market. Household goods makers like
WHAT ELSE IS ON? Streaming video company Netflix sagged after it didn't gain as many subscribers in the first quarter as investors hoped. Its second-quarter profit guidance also fell short of analyst estimates. Netflix lost
CURRENCIES: The dollar slipped to
ASIAN MARKETS: The benchmark
AP Markets Writer
His work can be found at http://bigstory.ap.org/journalist/marley-jay