Asia Unhedged | Market downturn's message to White House: get to work
Now the White House has to walk the walk. Reuters, Jonathan Ernst
Now the White House has to walk the walk. Reuters, Jonathan Ernst
Asia UnhedgedReal-time intel on what moves markets

Market downturn’s message to White House: get to work

The composition of losses today underscores the urgency for the White House to follow through on policy promises.

March 3, 2017 1:41 AM (UTC+8)

The modest decline in the overall US equity averages today understates the degree of the turnaround from yesterday’s ebullient Trump trade.  The worst-performing sector as of midday was construction machinery (Caterpillar and Cummins Engine), down 3.31%. Regional banks, one of yesterday’s best performers, were down 1.86%. Casino and gaming, yesterday’s top performer, gave back 2%. The composition of declines suggests that the Administration has its work cut out for it in following through on policy promises.

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