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The day’s biggest laggards were health care stocks.
“Investors are anxious to read into the Fed statement as whether or not we will be dealing with an aggressive or less aggressive monetary policy going forward.
The market is pricing in about three rate increases of a quarter of a percentage point each for 2017.
With no economic data Monday, investors were instead focusing on the two-day Federal Open Market Committee meeting that kicks off Tuesday.
Dear Stock Market Bears, Valuation Is Not A Catalyst
Meanwhile, a number of stubborn bears out there continue to make the specious argument that the U.S. stock market is expensive.
Death, taxes and the never-ending stock market debate between bulls and bears.
Instead of hemming and hawing about valuation, as the stock market heads higher, consider actual catalysts.
U.S. and global economic growth are heating up, pushing the domestic stock market higher.
U.S. economic acceleration is clear: Economic barometers, from consumer confidence to jobs market data, are all heading higher.
collected by :Dicson Walt