The Russell 2000 index of smaller-company stocks picked up 1.22 points, or 0.1 percent, to 1,354.64. On Friday:The Standard & Poor's 500 index declined 1.98 points, or 0.1 percent, at 2,343.98. The Russell 2000 is down 2.49 points, or 0.2 percent. For the week:The S&P 500 lost 34.27 points, or 1.4 percent. For the year:The S&P 500 is up 105.15 points, or 4.7 percent.
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All long positional trades must have a strict stop loss at 8,850 level on the Nifty.The global stock market movement will guide the direction of the domestic market in the short term. The domestic stock market opened the week on Wall Street worries but climbed back slowly on positive sentiments reflected through the blockbuster listing of the D-Mart IPO.The Nifty50's reaction on the US jitters is not a good sign for the Indian market. Investors should remain invested and traders should buy on the decline with strict stop loss. The Nifty50 may come to fill the gap and touch the 9,000 level before making any decisive move upward. This government seems to work for the people as well.The market is entering the profit-taking zone.
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collected by :Jack Luxor
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An overvalued stock market couldn't withstand any Trump policy failures
The growth that's coming is nothing like Trump's scenarios. These are places where people work in finance, and are often unimpressed by Trump's arguments on Dodd-Frank or environmental policy. Even Senate Republican Leader Mitch McConnell says a corporate tax cut bill isn't coming until late this year. Coastal state oppositionThe real fight will be in coastal-state suburbs repped by GOPers where Hillary Clinton beat Trump or came close. So we'll see if Trump can generate 50 Senate votes for even the tax cut, the most unifying GOP idea, out of his 54-member majority.All long positional trades must have a strict stop loss at 8,850 level on the Nifty.The global stock market movement will guide the direction of the domestic market in the short term. The domestic stock market opened the week on Wall Street worries but climbed back slowly on positive sentiments reflected through the blockbuster listing of the D-Mart IPO.The Nifty50's reaction on the US jitters is not a good sign for the Indian market. Investors should remain invested and traders should buy on the decline with strict stop loss. The Nifty50 may come to fill the gap and touch the 9,000 level before making any decisive move upward. This government seems to work for the people as well.The market is entering the profit-taking zone.
read more visit us Money
collected by :Jack Luxor
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