- Wall Street’s major averages dipped on Tuesday after a strong start to March as investors closely monitored the bond market as well as progress on the next round of fiscal stimulus.The technology sector weighed the most on the benchmark S&P 500. Healthcare, materials and energy stocks extended gains from the previous session.
“Markets are reacting to the huge positive spike in the previous session, while investors are wondering if good news is bad news over concerns of higher inflation due to huge government spending plans,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York. Later in the week, investors will focus on ISM’s service sector survey as well as the monthly U.S. jobs report to ascertain the economic health.
Wall Street figures,dipping or rising are no indication of the financial or moral health of the nation-Republicans vile policies may let it soar but welfare indexes dip-not a reliable measure of progress-it soars with soaring homelessness and hungry children
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