Global Markets Soften: Record High Profits in US Markets, Stocks Slip After Fridays 300-Point Slide

Soft signals from global markets, profit booking in US markets from record high, Dow fell 160 points yesterday after slipping 300 points on Friday, Nasdaq slipped 50 points yesterday after a slight gain on Friday, NVIDIA made a new record, Boeing CEO resigns. Given, buying in energy stocks, 10-year bond yield increased to near 4.25%, Oppenheimer increased the target of S&P 500 to 5,500, UBS does not expect further growth on S&P 500 from this level, Morgan Stanley believes 4 times this year cut interest rates