U.S. stocks are headed lower this morning after breaking a long losing streak yesterday. Monday’s retreat was mostly recovered on Tuesday as investors looked for buying opportunities and responded favorably to a consumer confidence report for March that was the best in 16 years.
U.S. stocks showed impressive resiliency yesterday after opening the trading week sharply lower following last week’s failure of the House by postponing the vote on the new health care plan. Both the Dow and S&P500 opened the session nearly 1% to the downside but recovered throughout the day to close with small losses.
U.S. stocks are on the decline this morning following a postponed vote on Friday on a new health care bill. In early trading, the Dow is down 0.63% and the S&P500 is 0.66% lower. The vote on new health care legislation that would replace the Affordable Care Act was postponed after several Republican opponents failed to get behind the bill.
US stocks climbed higher on Friday as investors awaited the results of a postponed vote in Washington on the new health care bill. The vote on new health care legislation that would replace the Affordable Care Act was originally scheduled for Thursday, but was postponed after several Republican opponents failed to get behind the bill.
Markets are see-sawing around the unchanged line Thursday as investors took caution ahead of a key vote on Healthcare reform in the House of Representatives today. The market is looking at the vote from two positions.
The big news today is what happened to the markets yesterday. After starting yesterday’s trading session on a relatively positive note, sentiment turned toward a selling posture which continued for the balance of the session. The Dow posted its biggest one-day percentage loss since September and the S&P500 followed suit posting its steepest loss since October 11.
U.S. stocks opened sharply to the upside in the early minutes of trading today but headed lower soon after the opening bell and are now flirting with negative territory looking very much like the trends we saw yesterday. The tech heavy Nasdaq hit an all-time intraday high yesterday but finished to the downside as did the Dow and S&P500.
U.S. stocks are kicking off the week on a flat note after squeezing out slight gains to close out trading last week. Here in the early going, both the Dow and S&P500 are unchanged. The sectors that may be the culprits in keeping the markets from moving higher today are energy and financials. Energy shares are moving lower today as the price of oil continues to fall.
US stocks inched higher Friday as investors kept their eyes on several political meetings scheduled throughout the day. Finance Ministers from the Group of 20, including newly elected US Treasury Secretary Steven Mnuchin, are meeting in Germany today to discuss current geopolitical issues – the first major global interaction for the new administration.
U.S. markets are responding positively to the Federal Reserve’s announcement yesterday to raise interest rates .25% and more importantly set the tone for only raising rates two more times in 2017. The dovish tone set by the Fed spurred a rally at the end of the session yesterday and that momentum has carried over into today’s session.