The Fed and retail drive markets on Wednesday.
Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is ridiculous.
Stocks edged up today as U.S. President Donald Trump criticized Amazon.com Inc. (AMZN) and disbanded two CEO councils after executives resigned from the posts over his response to the alt-right protests and violence that left a woman dead. The 30-stock Dow passed the 22,000 mark for the first time ever earlier this month but dipped lower last week after Trump promised North Korea “fire and fury like the world has never seen” if it continued increased aggression toward the U.S. The S&P 500 and Nasdaq also edged up even as the CEOs of 3M (MMM), Intel Corp. (INTC) and United Technologies (UTX) stepped down from two Trump CEO councils as their companies and brands faced social media pressure.