Wednesday, March 8, 2017

Stocks Lower Again In Sluggish Trade

For the second straight session and the third in the past four, the major indices closed in the red as US equities seem to have reached the top of the proverbial "wall of worry."

More than any one thing, the investment community is concerned about the Fed raising rates next week, though the unusually highly charged political environment could be taking its toll on an overstretched market.

Stocks are not supposed to be prone to politics, but that is the unitary condition that is emerging, in which all aspects of economics, politics and religion become intertwined.

AT THE CLOSE, 3/7/17:
Dow: 20,924.76, -29.58 (-0.14%)
NASDAQ: 5,833.93, -15.25 (-0.26%)
S&P 500: 2,368.38, -6.93 (-0.29%)
NYSE Composite: 11,506.32, -41.47 (-0.36%)

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