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Midday Market Update

Markets Look to Trump's News Conference

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U.S. Markets
U.S. stocks bounced between losses and gains Tuesday as major benchmarks looked to remain in positive ground. The S&P 500 and Dow Jones Industrial Average pushed their way into the green after beginning Tuesday below their respective closes on Monday. The two indexes aim to push forward despite the broad decline across sectors and blue-chip companies. The Nasdaq was also striving to finish in the green after the tech-focused index closed at an all-time high for a second consecutive session on Monday.

Many investors and market participants will be anxiously awaiting President-elect Donald Trump's news conference Wednesday. Analysts expect the stock rally to continue if Trump is able to provide optimism regarding the markets. Additionally, major companies will commence the corporate earnings season on Friday, as  JPMorgan Chase (JPM) and  Bank of America (BAC) will be leading the banks due to report.

Milad Nourmohammadi does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.