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The Closing Bell: Wall Street Slips On Wiretap Accusation, Geopolitical Worries

TedTed
edited March 2017 in The Bullpen
FYI: U.S. stocks opened lower on Monday amid losses across sectors as investors' appetite for risk was curbed by geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him.
Some investors worried that the accusation could distract Trump from his economic agenda of introducing tax cuts and simplifying regulations, which have powered a record-setting rally on Wall Street since the election.

However, the lack of detail on Trump's proposals and setbacks in filling his Cabinet have made investors jittery amid lofty market valuations.
Regards,
Ted
Bloomberg:
https://www.bloomberg.com/news/articles/2017-03-05/li-s-risks-yellen-s-optimism-make-for-mixed-open-markets-wrap

Reuters:
http://www.reuters.com/article/us-usa-stocks-idUSKBN16D1FH

MarketWatch:
http://www.marketwatch.com/story/us-futures-point-to-a-muted-start-for-wall-street-as-selloff-talk-grows-2017-03-06/print

USA Today:


IBD:
http://www.investors.com/market-trend/stock-market-today/stocks-struggle-but-mostly-in-soft-trade-snap-falls-7/

CNBC:
http://www.cnbc.com/2017/03/06/us-markets.html

AP:
http://hosted.ap.org/dynamic/stories/F/FINANCIAL_MARKETS?SITE=AP

WSJ Markets At A Glance:
http://markets.wsj.com/us

SPDRs Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker

Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectors

Current Futures: Negative
http://finviz.com/futures.ashx
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