Stocks (^DJI, ^GSPC, ^IXIC) are edging up in midday trading, with the tech sector (XLK) lagging and financials (XLE) leading. Jonathan Corpina of Meridian Equity Partners joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Nicole Sinclair and Paul Schatz, president & CIO at Heritage Capital LLC.
Stocks attempt to bounce back ahead of Obamacare repeal vote
US stocks are still rebuilding after Tuesday’s selloff, the worst of the year. Financials are springing back to life after getting beaten down the most in the sell-off. Of course we have that big vote on Obamacare repeal today. But we’ve seen stocks bounce back quickly after previous political uncertainty.
Bob Iger extends Disney Deal to July 2019
It seems like it’s pretty hard to leave the Magic Kingdom, as Bob Iger has extended his contract to lead the company through July 2019. The stock is up on the news. How big of a surprise is this?
Holding off retirement
The House will decide what’s next to the GOP’s health care bill. And people getting ready to retire are on the edge of their seats. The uncertainty of health care costs is putting their plans on hold. Many are playing it safe by working longer.
Renters are taking over the US
It looks like “renting” is back in vogue in the US. Renters now make up half the population of major US cities. Even though home ownership rose slightly in the second half of 2016, many analysts believe the trend to rent will continue as well.