Stocks are mixed today with focus turned towards U.S. President Trump’s talk with Gulf leaders today and his meeting with Chinese President Xi Jinping later this week.
Stocks rose Monday as AI shares surged after oil prices and Treasury yields retreated. Iran peace efforts and a Trump-Xi meeting are in focus this week amid a light earnings slate.
Highlights this week include a host of Fed speakers who might provide more insight into last week's rate hike. Trump meets with Xi on Thursday, putting trade in focus.
The number of people continuing to file for unemployment insurance has started to fall. Schwab's Kevin Gordon looks at what that labor market tightness may mean in the Week Ahead.
Stocks are on track for weekly losses following a relatively hawkish FOMC meeting, higher yields and ongoing attacks in the Middle East which are keeping oil prices elevated.
Investors will continue to digest the implications of the Fed's first rate hike in more than three years today, while geopolitical tensions, yields, and oil prices remain in focus.
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