COP - Wall Street Breakfast: Market Attempts To Regain Footing
Market watchers are steeling for Tuesday trade after U.S. stocks started off the second quarter with considerable and broad-based losses. S&P futures were recently ticking slightly higher after Monday's tumble to the index's lowest level since mid-November and a close below its 200-day simple moving average (2,589) for the first time since June 2016. “It’s more a political concern regarding Trump now. And investors are unclear about how the situation will pan out,” says Takashi Hiroki, chief strategist at online brokerage Monex Securities, referring to investor worries over the potential for a trade war and