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“morning star” : Stock Market Slumps As Investors Sell Industrials, Tech Stocks

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The Federal Reserve was also in the spotlight as the central bank kicked off its two-day policy meeting this morning.
The health-care sector, which was down in early trade, rebounded after President Trump called for scaling back drugmaker’s regulation, lowering taxes and prices of medicines.
Pfizer Inc. (PFE) inched 0.8% lower following fourth-quarter results.
Industrials, consumer-discretionary, and technology shares were the worst performers, while real estate and utilities stocks attracted buyers.
The selling came amid signs that the momentum following President Donald Trump’s election victory in November was fading and as a gauge of consumer confidence in January retreated from its highest level in 15 years.

Amid Rising Stock Market Uncertainty, Equities Must Price in Risk

Amid Rising Stock Market Uncertainty, Equities Must Price in Risk*/

 

collected by :Dicson Walt

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