Risk Rout Eases as U.S. Stocks, Dollar Trim Losses: Markets Wrap
- S&P 500 Index pares decline as health-care shares advance
- Treasury yields slide below 2.4 percent, gold advances
Lattitude Investment CIO Says Dollar May Soften From Here
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The selloff in riskier assets sparked by the Republicans’ health bill failure eased as investors assessed the prospects for the Trump administration’s pro-growth policies.
U.S. stocks finished lower, but the S&P 500 Index all but erased a loss of almost 1 percent and the Dow Jones Industrial Average rebounded more than 100 points from its session low. The Dow still notched an eighth straight loss for its longest slide since 2011. Hospital operators paced gains, while banks trimmed a loss that topped 2 percent as Republicans turned attention to tax cuts and regulatory rollbacks. The greenback clawed back from the verge of erasing the rally spurred by Trump’s election victory.