|Day's Range||9.24 - 9.89|
|52 Week Range||8.56 - 17.28|
As expected, last week's equity market trading was largely focused on the tax bill winding its way through reconciliation. With each barrier to passage eliminated through negotiation, equity markets gained traction.
After rising for three consecutive trading weeks, the S&P 500 traded with strength last week and recorded its fourth consecutive weekly gain.
When historians look back on the 2017 stock market, it will be weeks like this that they remember. Three up days, two down, volatility nowhere in sight, and a wire-to-wire gain of less than 1 percent.
The S&P 500 started this week stronger and reached fresh record high levels. On December 12, seven out of the S&P 500's 11 major sectors moved higher.
Wall Street indexes closed higher on Monday and the biggest drivers were technology and energy sectors as oil prices rose and investors waited for an expected U.S. Federal Reserve rate hike later in the week. Technology stocks were back in favor with the biggest boost from Apple Inc (AAPL.O) as investors eyed a continuation of strong fundamentals in the sector. Traders, waiting for the Fed's two-day rate setting meeting to begin on Tuesday, see an 85-percent probability for a 25 basis point hike to the Fed funds rate target and a 15-percent chance of a 50 basis point hike, which would be the third rate hike this year, according to CME Group's Fedwatch tool.
After trading with strength for two trading weeks, the S&P 500 started this week on a weaker note. It fell for the first two trading days this week.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the current market action in stocks.
Yahoo Finance's Seana Smith, Rick Newman, Melody Hahm and President of Heritage Capital Paul Schatz discuss why Trump's economic rating has slid downhill.
Gold is heading lower, falling to the lowest levels in over four months. But don't panic. Goldman Sachs is out with a note today saying don't count out gold just because cryptocurrencies like bitcoin steal all the headlines. Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss.