It was quite an indecisive day on Wall Street. The Dow closed up just barely, dragged down by Apple after the tech giant's spring event.
div > div.group > p:first-child"> The 30-stock Dow closed 14.51 higher at 25,516.83 as Boeing outperformed. The S&P 500 declined 0.1 percent to 2,798.36, led lower by the financials and tech sectors. The index also closed below 2,800 for the first time since March 12. The Nasdaq Composite also pulled back 0.1 percent to 7,637.54.
"Economies in Europe and China continue to deteriorate causing uneasiness that the problems overseas could affect the U. S. markets," Bruce Bittles, chief investment strategist at Baird, wrote in a note."There are signs that our economy is not as robust as last year such as the decline in capital spending in the third and fourth quarters of last year."
Mueller's investigation had been a lingering concern for investors as it could have hindered Trump's efforts to further cut taxes and further ease regulations on corporations. The news removes a worry for Wall Street and can help the administration focus on more pressing issues for the market, such as striking a trade deal with China or even working with Democrats on an infrastructure plan.
Investors across the world worried the probe could also bring down Trump himself by potentially leading to his impeachment. Now, Wall Street can remove one block from the proverbial wall of worry and eye the ongoing U.S.-China trade talks. The S&P 500 is up more than 30 percent since Trump was elected in 2016. One key catalyst for the move higher in that time is a massive corporate tax cut signed by Trump in late 2017.
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