The major indexes traded cautiously to close modestly higher for a fourth-straight session, with attention on the newly released budget proposal from the Trump administration and concerns over a terrorist attack in Great Britain.
A quiet day on the political front gave stocks a breather, and they took advantage of it to rally to a strong close.
Stocks traded cautiously after mixed economic data and continued political uncertainty.
Disappointing earnings provoked a broad yet moderate retreat in today’s session, particularly retail-oriented stocks after retail bellwether Macy’s posted a worse-than-expected quarter.
Low volatility continued today, with the major indexes trading cautiously through the session to close mixed.
U.S. stocks traded modestly lower to flat for much of the session, weighed down by a disappointing productivity report, a steep drop in oil prices, and uncertainty about the health care bill in the U.S. House of Representatives, which narrowly passed late in the afternoon and now faces steep hurdles in the Senate.
Stocks traded cautiously ahead of a big week of news, including the conclusion of the Federal Open Market Committee meeting tomorrow, the jobs report on Friday, and the French presidential election this Sunday.
Stocks strongly rebounded after two days of declines despite growing geopolitical tensions over North Korea and a crucial election in France this Sunday.
Throwing more uncertainty into an already uncertain process, British Prime Minister Theresa May called for snap elections in June to gain a more convincing public mandate for Brexit negotiations.