Gains in Technology Stocks Prop Up Wall Street
Hogan said that I think that’s very reflective of the fact
that you’ve got a market that’s looking ahead to catalysts and probably not going to react much in front of them,
With that I think healthcare obviously comes under pressure as it falls into the void of the
unknown," said Art Hogan, chief market strategist at Wunderlich Securities in New York.
President Donald Trump’s effort to roll back Obamacare faced growing obstacles on Monday as Republicans remained
divided over how to curb the costs of their proposed healthcare bill and prevent millions from losing coverage.
Investors were wary of making big bets ahead of the start of the earnings season, with big
U. S. banks including JPMorgan Chase, Wells Fargo and Citigroup reporting on Friday.
In a significant victory for the banking industry, the Fed late last month approved plans from the
34 largest U. S. banks to use extra capital for stock buybacks, dividends and other purposes.
