March’s stock market drop — was that it?

The Russell 2000 index of smaller-company stocks picked up 4.38 points, or 0.3 percent, to 1,371.64. On Wednesday:The Standard & Poor's 500 index rose 2.56 points, or 0.1 percent, to 2,361.13. The Russell 2000 is up 14.51 points, or 1.1 percent. Energy companies led U.S. stock indexes mostly higher Wednesday as crude oil prices rose. The Russell 2000 is up 17 points, or 1.3 percent.


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The Trump stock market rally is under siege

Investors have begun to contemplate that the Trump agenda will be delayed, watered down or even derailed. Wall Street will be looking for signs that the Trump agenda is not stalled. Of course, the stock market has had enormous gains since Trump's victory, and a pullback is long overdue. Related: Warning lights flashing for Trump rallyThat's a problem because Wall Street had been banking on the "massive" tax cuts that Trump promised by August. Still, he said the Obamacare saga signals a final tax reform deal that is "less sweeping -- both in scale and scope -- than the market is currently reflecting."




The stock market, as measured by the S&P 500 Index, broke down through support last week in the 2,350-point area. Traders remained wary, heading into the health-care vote Friday, although they didn't react too negatively until after the weekend. On Monday, having had a chance to think about the failure to pass the health-care bill, traders were decidedly negative and sold stocks sharply. Free Preview For full access, Log in or and get 4 weeks free!


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