Midday Market Update

Investors Turning Back to Safe-Haven Assets?

Milad Nourmohammadi

U.S. Markets
U.S. stocks opened Thursday's trading session in the red after investors failed to gather significant fiscal and economic details from President-elect Donald Trump's news conference on Wednesday.

All three primary benchmarks fell after the opening bell;  Goldman Sachs (GS) contributed the most losses to the Dow Jones, and the information technology and financials sectors led the losses for the S&P 500. Trump's news conference provided very little insight into his key policies but rather centered more on his displeasure with the pharmaceutical industry and comments on the recent Russian hacking reports. Overall, market participants did not receive the optimism they were looking for from the president-elect.

Milad Nourmohammadi does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.