President Obama announced a proposal to limit the size and risk-taking of large financial companies. As a result of the announcement financial stocks were lower.
More from Bloomberg...
The Philadelphia Fed’s Business Activity Index declined to 15.2 in January from the upwardly revised unexpected jump to 22.5 in December. The index was expected to decline to 18.0.
The Conference Board released the Index of Leading Economic Indicators (LEI) for December, which rose a better-than-expected 1.1% versus the expectation of a 0.7% increase, marking the ninth consecutive monthly increase. Details from Bloomberg...
The Dow Jones Industrial Average fell 213 points (2%) to close at 10,390, the S&P 500 Index dropped 22 points (1.9%) to 1,116, while the Nasdaq Composite lost 26 points (1.1%) to 2,266. Crude oil was $1.70 lower at $76.04 per barrel, and the Bloomberg gold spot price fell $15.33 to $1,095.72 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
