US stocks bounce back to finish almost unchanged

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>US stocks have come back from an early loss on Wall Street and finished almost unchanged&period;<&sol;p>&NewLine;<p>Technology companies like Apple and Microsoft took big losses on fears about their overseas revenue&comma; but bank stocks continued to surge along with bond yields&period;<&sol;p>&NewLine;<p>Technology stocks have been weak since last week&&num;8217&semi;s presidential election&comma; and they fell further on Monday as investors wondered if Donald Trump&&num;8217&semi;s policies as president will hurt their sales in China and other markets overseas&period;<&sol;p>&NewLine;<p>Bank stocks built on their post-election gains as bond yields continued to rise&period; That paves the way for banks to make more money from lending&comma; and government bond yields are at their highest levels since January&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The market is sniffing out the belief that some of these Trump policies may drive some better economic growth but also may in fact be somewhat inflationary&comma;&&num;8221&semi; said PNC chief investment strategist Bill Stone&period;<&sol;p>&NewLine;<p>The Dow Jones industrial average gained 21&period;03 points&comma; or 0&period;1&percnt;&comma; to close at 18&comma;868&period;69&comma; another all-time high&period; The Standard &&num;038&semi; Poor&&num;8217&semi;s 500 index dipped 0&period;25 points to 2&comma;164&period;20 after it fell as much as 0&period;4&percnt; earlier&period; The Nasdaq composite sank 18&period;72 points&comma; or 0&period;4&percnt;&comma; to 5&comma;218&period;40&period;<&sol;p>&NewLine;<p>Technology companies fell sharply&comma; with familiar names taking some of the largest losses&period; Apple gave up 2&period;72 dollars&comma; or 2&period;5&percnt;&comma; to 105&period;71 dollars&comma; while Facebook declined 3&period;94 dollars&comma; or 3&period;3&percnt;&comma; to 115&period;08 dollars&comma; and Microsoft slid 90 cents&comma; or 1&period;5&percnt;&comma; to 58&period;12 dollars&period; Alphabet&comma; the parent company of Google&comma; slipped 18&period;53 dollars&comma; or 2&period;4&percnt;&comma; to 753&period;22 dollars&period;<&sol;p>&NewLine;<p>Bond prices fell and yields jumped as investors anticipated that Mr Trump&&num;8217&semi;s spending plans would lead to higher inflation and more government borrowing&period; The yield on the 10-year US Treasury note climbed to 2&period;25&percnt; from 2&period;14&percnt; late on Thursday&period;<&sol;p>&NewLine;<p>Bond trading was closed on Friday for the Veterans&&num;8217&semi; Day holiday&period; The day before the November 8 election&comma; the yield was 1&period;83&percnt;&period; That is a huge move for the benchmark rate&period;<&sol;p>&NewLine;<p>Goldman Sachs rose 5&period;24 dollars&comma; or 2&period;6&percnt;&comma; to 209&period;18 dollars&comma; and Bank of America rose 1&period;06 dollars&comma; or 5&period;6&percnt;&comma; to 20&period;08 dollars&period; JPMorgan Chase picked up 2&period;82 dollars&comma; or 3&period;7&percnt;&comma; to 79&period;51 dollars&period;<&sol;p>&NewLine;<p>Mr Stone said investors are focused on potential corporate and individual tax cuts&comma; a &&num;8220&semi;wave of deregulation&&num;8221&semi; that eliminates some of the rules governing businesses like energy companies and banks&comma; and more protectionism on trade&comma; which could hurt sales for companies that do a lot of business overseas&period;<&sol;p>&NewLine;<p>Investors are also pleased at the prospect of looser regulation and bigger profits&period; For example&comma; Mr Trump&&num;8217&semi;s election could result in big changes to the Dodd-Frank financial reform bill or to the Consumer Financial Protection Bureau&period;<&sol;p>&NewLine;<p>Mr Stone added that corporate dealmaking could increase if Mr Trump&&num;8217&semi;s administration takes a looser approach to antitrust regulation&period; Several companies announced deals or deal offers on Monday&period;<&sol;p>&NewLine;<p>South Korean conglomerate Samsung said it will buy Harman International for 8 billion dollars&comma; or 112 dollars a share&period; Harman makes electronics for cars including audio systems and safety and entertainment features&period; Its stock jumped 22&period;07 dollars&comma; or 25&period;2&percnt;&comma; to 109&period;72 dollars&period;<&sol;p>&NewLine;<p>German industrial equipment company Siemens agreed to buy software maker Mentor Graphics for 4&period;5 billion dollars&comma; or 37&period;25 dollars a share&period; Mentor&&num;8217&semi;s stock rose 5&period;61 dollars&comma; or 18&period;3&percnt;&comma; to 36&period;29 dollars&period;<&sol;p>&NewLine;<p>Shares in communication adapter maker Digi International rose 1&period;75 dollars&comma; or 15&percnt;&comma; to 13&period;40 dollars after the company said it had received an offer from Belden&comma; a communications equipment company&period; Digi said it rejected the bid of 13&period;82 dollars a share&comma; or about 359 million dollars&comma; because it is too low&period; Belden stock added 1&period;52 dollars&comma; or 2&period;2&percnt;&comma; to 71&period;22 dollars&period;<&sol;p>&NewLine;<p>The dollar rose against other currencies as US interest rates rose&period; It jumped to 108&period;51 Japanese yen from 106&period;78 yen&period; The euro fell to 1&period;0726 dollars from 1&period;0845 dollars&period;<&sol;p>&NewLine;<p>Investors are also selling companies that pay big dividends like utilities and phone companies as bonds become more appealing to investors seeking income&period; Verizon fell 51 cents&comma; or 1&period;1&percnt;&comma; to 46&period;18 dollars&comma; and American Electric Power lost 1&period;27 dollars&comma; or 2&period;1&percnt;&comma; to 58&period;72 dollars&period;<&sol;p>&NewLine;<p>Oil prices bounced back from a big loss early on&period; Benchmark US crude slipped just 9 cents to 43&period;32 dollars a barrel in New York&period; Brent crude&comma; used to price international oils&comma; lost 32 cents to 44&period;43 dollars a barrel in London&period;<&sol;p>&NewLine;<p>In other energy trading&comma; wholesale gasoline lost 3 cents to 1&period;28 dollars a gallon&period; Heating oil fell 2 cents to 1&period;39 dollars a gallon&period; Natural gas jumped 13 cents&comma; or 5&percnt;&comma; to 2&period;75 dollars per 1&comma;000 cubic feet&period;<&sol;p>&NewLine;<p>Gold fell 2&period;60 dollars to 1&comma;221&period;70 dollars an ounce&period; Silver lost 49 cents&comma; or 2&period;8&percnt;&comma; to 16&period;89 dollars an ounce&period; Copper picked up 1 cent to 2&period;52 dollars a pound&period;<&sol;p>&NewLine;<p>France&&num;8217&semi;s CAC 40 rose 0&period;4&percnt; and Germany&&num;8217&semi;s DAX added 0&period;2&percnt;&period; The FTSE 100 index of leading British shares closed 0&period;3&percnt; higher&period; In Japan the Nikkei 225 jumped 1&period;7&percnt; after a strong reading on Japan&&num;8217&semi;s economic growth&period; The Kospi in South Korea lost 0&period;5&percnt; and Hong Kong&&num;8217&semi;s Hang Seng slipped 1&period;4&percnt;&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ecc888a9c19">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ecc888a9c19'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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