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Stocks slipped again on Monday, extedning losses to a third straight session.
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On Tuesday, February’s US durable goods orders rose for the first time in three months.
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Investors are waiting for new PCE data to come out Friday, alongside comments from Jerome Powell.
US stocks dropped again on Tuesday, losing steam late in the day after traders looked to restart a rally that stalled out last Friday.
Momentum has carried equities higher for the better part of five months now, though investors appear to be taking a breather the last three days following the market’s record-setting run last week after the Federal Reserve’s dovish March meeting.
Tuesday offered investors promising data, with February’s US durable goods orders rising for the first time in three months. While that signals optimism among firms, consumer confidence also held steady, according to the Conference Board.
This week,…
