Posted by admin on July 21, 2017
Wall St dragged down The S 500 posted its biggest one day percentage loss in about three months on Thursday amid concerns over President Donald Trump ability to legislate his pro growth agenda. Trump has alienated Republicans, corporate leaders and US allies, while rattling markets nike custom with his comments since Saturday violence in Charlottesville, Virginia, which came in the aftermath of a white nationalist protest against the removal of a Confederate statue. Several business leaders have since resigned from his advisory councils and a White House official said plans for an infrastructure council had been dropped. Adding to the woes were a speculation of a possible departure of National Economic Council Director Gary Cohn, which was denied by the White House on Thursday. At 9:41am ET (1341 GMT), the Dow Jones Industrial Average was down 39.72 points, or 0.18%, at 21,711.01 and the S 500 was down 6.44 points, or 0.27%, at 2,423.57. The Nasdaq Composite was down 7.81 points, or 0.13%, at 6,214.10. Earlier in the week, minutes from the Federal Reserve July meeting showed officials were concerned about recent inflation readings that remain below the Fed 2% target rate, clouding the path of interest rate hikes this year. Dallas Fed chief Robert Kaplan will speak at an event later in the nike of samothrace day. Kaplan, a policymaker in the Fed cautious camp, said on Thursday nike pegasus 34 the Fed should be patient and judicious as it considers whether to raise rates.