That move appeared to overshadow some blowout earnings reports from Netflix and United Airlines, which sent the two large stocks sharply higher.
While the "resiliency" of earnings so far has been encouraging, the market is still taking its cues from Washington, D.C., according to Angelo Kourkafas, investment strategist at Edward Jones.
"Clearly for this year it is all about inflation data and indications from the Fed. They are in the driver's seat when it comes to direction of travel for the markets," Kourkafas said. |
