Stocks are roughly flat at the midday mark, with the Dow Industrials (^DJI, DIA), S&P 500 (^GSPC, SPY) and the Nasdaq (^IXIC, QQQ) giving up earlier gains. The financial (XLF) and consumer staples (XLP) sectors are the most in the green, while the energy (XLE) sector is the most in the red. Alan Valdes, director of floor operations at Silverbear, 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 Dan Roberts and Justine Underhill.
Today on Midday Movers, we talk about:
Trump’s manufacturing council crumbles
Investors shrugging off strong economic data
Hedge funds dumping FAANG stocks
Can financial stocks lead again?
Buffett dumps GE, ups bets on financial stocks
Sling’s Roger Lynch to be CEO of Pandora
Costco learns an expensive lesson from Tiffany
