ET the Dow Jones Industrial Average was up 39.21 points, or 0.19 percent, at 20,934.04, the S&P 500 was up 3.5 points, or 0.14 percent, at 2,397.52
and the Nasdaq Composite was down 1.80 points, or 0.03 percent, at 6,131.82.
Lisa Kopp said that Investors are interested simply because it does give an indication where Trump is going to try to influence the agenda
and there is some concern over whether he has reduced negotiating power because of his own political difficulties at the moment,
(Reuters) - U. S. stocks trimmed their gains on Tuesday morning, weighed down by weak economic data, while investors
await more details from President Donald Trump’s first full budget plan aimed at slashing government spending.
Trump is set to propose a raft of politically sensitive cuts, including to healthcare
and food assistance programs for the poor, with the aim of chopping government spending by $3.6 trillion and balancing the budget over the next decade.
Kopp said that We’re likely to be in a sideways period in the market for the next few weeks as there are quite a
bit of pieces of news the market is digesting including geopolitical developments in Washington and globally,
Wall St. Trims Gains as Weak Data Weighs Ahead of Trump Budget -
By REUTERSMAY 23, 2017, 11:30 A. M. E. D.T.