Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average ended slightly higher Monday losing earlier gains, over concerns whether a U.S.-China trade agreement could be reached by the end of the year.
- Alibaba (BABA) slipped after Singles Day, the company’s mega-shopping event, notched moe than $38 billion in sales. Alibaba is Real Money’s Stock of the Day.
Walgreens Boot Alliance ( WBA) surged following reports that private-equity giant KKR approached the drugstore company for what could be the biggest leveraged buyout in U.S. corporate history.
Wall Street Overview
The Dow Jones Industrial Average ended slightly higher Monday after opening the session in the red over concerns on whether a U.S.-China trade agreement could be reached by the end of the year.
Denting sentiment Monday were reports of police in Hong Kong firing on demonstrators in the China-controlled territory, wounding at least one person as protests in the region entered their fourth consecutive month.
The three major U.S. stock indexes ended at record highs Friday even after President Donald Trump said that he hasn’t agreed to roll back tariffs on Chinese-made goods, a condition senior figures in Chinese media have suggested is crucial to reaching any deal with Beijing.