Stocks look like they could be walking the rebound path early Wednesday after a three-day losing streak highlighted by Tuesday morning’s stomach-churning plunge of more than 400 points for the Dow Jones Industrial Average ($DJI). Today does include the weekly U.S. crude stockpiles data, and tomorrow morning gives investors a look at weekly jobless claims. Fed Seen Staying on SidelinesIf stocks keep falling, don’t necessarily look for the Fed to step to the rescue when it meets next week. Quite often over the last year, some investors have seen semis as a barometer for how trade negotiations are doing. Small-caps fell Tuesday but outpaced the broader market possibly because investors see smaller firms having potentially less exposure to trade issues.
Source: Forbes December 04, 2019 14:24 UTC