Although Hillary Clinton and Donald Trump are very different presidential candidates with extremely dissimilar policy platforms, they seem to agree on two issues: eliminating drug price gouging and creating new jobs.
A few spots on the Apple put pressure on the stock market early, but the bigger story today may end up being falling crude oil prices. Crude oil futures threatened to dip under $49 a barrel, hurt by talk of dissent within OPEC.
Much like my Cubs, the information technology sector has been on a tear in 2016. Despite a bumpy start to the year, the tech sector has been the best-performing sector in the S&P 500 year-to-date—up a little over 11% and outperforming the S&P 500 by almost 6%.
It’s an epic earnings day on Wall Street, as a collection of massive U.S. companies report results, including Apple Inc (NASDAQ: AAPL) and five other Dow components. Fed speakers and housing data help round out the schedule.
The pace of Federal Reserve speakers out this week are coupled with a handful of data points that some analysts say may have high impact on the stock markets, the dollar, and, yes, the Fed’s decision on whether to raise interest rates.