Stocks struggle as fiscal stimulus hopes fade
- The market is extending its three-week decline, falling with all
sectors in red.
- The S&P is down 1.6%, the Nasdaq is falling 1.5% and the Dow is down
1.7%.
- Although the S&P fell just less than 1% last week, the absence of
participation from Technology (NYSEARCA:XLK) was a notable factor an
it's down more than 1% today.
- Sentiment looks to be uniformly negative today, with many postulating
the Supreme Court vacancy following the death of Justice Ruth Bader
Ginsberg is likely to consume Washington, leaving another fiscal stimulus
package even more partisan-hampered at best.
- Energy (NYSEARCA:XLE) is the worst-performing sector, with crude
futures down 2.6%.
- Recovery plays were the hardest hit in the S&P, with hotels and cruise
lines falling.
- Interest rates also fell under pressure, with the 10-year Treasury
yield dipping to 0.65%.
|Today, 9:33 AM|2 Comments
- The market is extending its three-week decline, falling with all
sectors in red.
- The S&P is down 1.6%, the Nasdaq is falling 1.5% and the Dow is down
1.7%.
- Although the S&P fell just less than 1% last week, the absence of
participation from Technology (NYSEARCA:XLK) was a notable factor an
it's down more than 1% today.
- Sentiment looks to be uniformly negative today, with many postulating
the Supreme Court vacancy following the death of Justice Ruth Bader
Ginsberg is likely to consume Washington, leaving another fiscal stimulus
package even more partisan-hampered at best.
- Energy (NYSEARCA:XLE) is the worst-performing sector, with crude
futures down 2.6%.
- Recovery plays were the hardest hit in the S&P, with hotels and cruise
lines falling.
- Interest rates also fell under pressure, with the 10-year Treasury
yield dipping to 0.65%.
|Today, 9:33 AM|2 Comments
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