Midday Market Update
Mentioned: GrubHub Inc (GRUB)
, Mentor Graphics Corp (MENT)
U.S. Markets
U.S. shares were showing mixed signals Monday morning with the Dow up by about 0.12% and the Nasdaq down by about 0.33%. The S&P 500 was on a roller coaster, currently down by about 0.04%. Gold was down almost a percent, and crude oil was down about 1.52%.
Treasury and global bond prices fell as the U.S. dollar reached an 11-month high on expectations of a faster inflation. The budget deficit is expected to increase if President-elect Donald Trump makes good on his promise of creating economic stimulus through huge spending and tax cuts.
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Manjul Bhusal Sharma does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.