Reuters Insider - U.S. stocks calm despite D.C. shooting

Telogica

28/03/2016 22:11

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 Source:             Thomson Reuters                                   
                                                                       
 Description:        U.S. stocks were little changed on Monday, despite 
                     news of a shooting in the nation's capital. Weaker 
                     -than-expected economic data reduced concerns     
                     about potential interest rate hikes. Bobbi Rebell 
                     rep                                               
 
 
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Transcript (May be auto-generated)

                 A shooting in the nation's capital of Washington DC kept US markets on alert 
Monday afternoon, but the major indexes showed little reaction by the closing 
bell, finishing the day little changed. Consumer stocks battled to offset the 
decline in energy and utility stocks. Volume was tepid, following the Easter 
holiday weekend. The holding pattern will likely continue says Keith Bliss of 
Cuttone & Company. So I think right now the market is going, you know, we're 
probably going to just kind of meander here for the next couple of sessions 
until we get into next week when we're going to start pulling apart those 
earnings reports. Weak economic data suggests that the Fed could remain cautious
about raising interest rates soon. 

Consumer spending barely budged last month, and January's data was revised 
downward. Inflation retreated, and the trade deficit widened in February. 
Marriott, among the S&P 500's biggest gainers Monday; China's Anbang Insurance 
challenged Marriott's bid for Starwood Hotels again by upping its offer to 
nearly $14 billion. Starwood shares also rose. Avon struck a deal with activist 
shareholders Barington and others to avoid a proxy fight. The cosmetic maker 
gave them the right to approve a new independent director. In Europe, a drop in 
mining and energy shares pulled stocks down for the fourth straight session