Dow Jones notches 12th record high close

President Donald Trump.   Getty Images  Pool

The Dow Jones Industrial Average was down 25.2 points, or 0.12 percent, to 20,812.24, the S&P 500 had lost 6.11 points, or 0.26 percent, to 2,363.64 and the Nasdaq Composite had dropped 36.46 points, or 0.62 percent, to 5,825.44. The tech heavy Nasdaq Composite also closed higher - 17 points higher at 5,862. The broader S&P 500 index went up 2.41 points or 0.1 percent to end at 2,369.75. "There's only so much the market can deliver when there's still these many unknowns, specifically the Washington impact is now as much a head wind as it is a tail wind".

BIG SPEECH: Investors are hoping Trump's first speech to a joint session of Congress, scheduled for Tuesday evening - or Wednesday morning in Asia will bring more clarity on promised tax cuts, infrastructure spending and other business friendly policies.

The Dow Jones Industrial Average scaled its 12th consecutive record high, its longest such run since 1987. While the German DAX Index is down by 0.1 percent, the French CAC 40 Index is up by 0.1 percent and the U.K.'s FTSE 100 Index is just above the unchanged line.

The Russell 2000 index of smaller-company stocks gave up 21.29 points, or 1.5 percent, to 1,386.68.

Target slumped 12.2 per cent and was on track for its worst day since December 2008, after the retailer's full-year profit forecast missed estimates and the company said it would take a $US1 billion hit to its operating profit.




Six of the 11 major S&P 500 sectors were higher, with energy.SPNY rising on higher oil prices.

Still, despite the strong reading on US consumer confidence in February - the best since summer 2001 - investors were unwilling to make ever bigger bets on the Dow ahead of Trump's highly publicized speech to Congress late Tuesday.

Crude oil prices were almost 1 percent lower; about $54 a barrel.

Trump, who met with state governors at the White House, also said he is seeking what he called a "historic" increase in military spending of more than 9%, while he said his administration would be "moving quickly" on regulatory reforms. Of course, even if the shares struggle today, they could be in store for a short-term boost after leaving the S&P 500 Index (SPX) on Thursday. TD Ameritrade slid 10.5 percent.

Related news:

Hot News

isis-killer-beheading-video-story-top Lightning, Leafs finalizing Boyle trade
Feb 28, 2017 - 01:00
ONE MILBURY: The Lightning were proactive in getting pieces for a veteran they wouldn't have been able to afford in the offseason. Boyle spent five season on Broadway, reaching the Stanley Cup Final in 2014 and again in 2015 as a member of the Lightning.

isis-killer-beheading-video-story-top 'Hidden Figures' stars honor NASA physicist Katherine Johnson on Oscars stage
Feb 28, 2017 - 00:59
Octavia was nominated for Best Supporting Actress at the awards show this evening. Henson introduced Johnson as " a true NASA and American hero ".

Journey To Un'Goro Is Hearthstone's Next Expansion, Releases Early April
Feb 28, 2017 - 00:59
All three forms of Pyros carry the Elemental tag and thus have the potential to benefit from any general Elemental buff effects. Blizzard will be updating the official Journey to Un'Goro website and encourage players to check back regularly.

isis-killer-beheading-video-story-top SpaceX set to shoot for the moon
Feb 28, 2017 - 00:55
As the Verge notes , "The Crew Dragon is an automated vehicle; the system will operate autonomously for most of the flight". Lift-off will take place at Kennedy Space Center's Pad 39A, the same launch pad used by the Apollo program, Musk notes.

Wild Acquire Centers Hanzal, White From Arizona
Feb 28, 2017 - 00:55
Ryan Suter and Zach Parise are not getting any younger, while Devan Dubnyk is turning in an excellent season in net for Minnesota. A third-round pick in the 2006 draft, White has seven goals and six assists in 46 games this season.

isis-killer-beheading-video-story-top Waymo sues Uber and Otto for theft of trade secrets
Feb 28, 2017 - 00:54
Levandowski then wiped and reformatted the laptop in an attempt to erase forensic fingerprints", the post on Medium alleges. An unfavorable outcome for Uber or Otto in the court proceedings could cripple the company and its trucking subsidiary. "Mr.

isis-killer-beheading-video-story-top Tough battle ahead as Iraqi forces push into western Mosul
Feb 27, 2017 - 01:06
ISIS has lost over half of the territory it once controlled in Iraq, but headway against the group has been slower in Syria. Iraqi officials said they had information that recent attacks in Baghdad had been organised from inside Syria.

Motorola unveils the upgraded, affordable Moto G5 and G5 Plus
Feb 27, 2017 - 01:05
In the G5 there's a 13-megapixel rear camera, complete with phase-detection autofocus and paired with an f/2.0 aperture lens. One of the most impressive of Motorola's new Mods adds wireless charging capabilities to any Moto Z on the market.

(NYSE:LB) Shows Long Term Growth Rate of 0.1125
Feb 27, 2017 - 01:04
For the year, earnings will be between $3.05 and $3.35 per share, which is weaker than the analyst projection of $3.75. However, revenue was slightly underwhelming as L Brands raked in $4.49 billion over the course of its holiday period.

isis-killer-beheading-video-story-top Trump says race for DNC chairman was 'rigged'
Feb 27, 2017 - 01:03
Perez fired back at Trump's accusations about the legitimacy of his election, and said he and Ellison will work closely together. Perez also received the congratulations of Republican President Donald Trump, who squeezed in a jab in his tweet.

isis-killer-beheading-video-story-top Rep. Cheney Sees Risk Of Health Care System Collapsing
Feb 27, 2017 - 01:01
Almost 1 in 4 Americans has a pre-existing health condition-that's 52 million people under the age of 65. Representative Francis Rooney, complaining that he has yet to hold a town hall meeting in his district.

8-year-old fatally shot in Houston after vehicle crash
Feb 27, 2017 - 01:00
In an emotional video posted on YouTube, Thomas said she missed her daughter and pleaded with those responsible to come forward. The white Pontiac that crashed into Thomas' vehicle was left abandoned at the scene of the fatal shooting.

isis-killer-beheading-video-story-top John Boehner says swift Obamacare repeal, replace is just 'happy talk'
Feb 27, 2017 - 00:59
Still, this is just a draft , and changes could be made before any bill is proposed before the House. "This failed law is crippling the American economy and crushing the American people".

Nokia 3310 to Run On Series 30+, Have Swappable Features
Feb 26, 2017 - 01:07
Further according to the site, while physical key buttons will remain the same, their size could change in the new Nokia 3310 . The new Nokia 3310 is rumored to feature updates on its screen and hardware while keeping its original charm.

Manila court issues warrant for arrest of top Duterte critic
Feb 26, 2017 - 01:05
Senate President Pro Tempore Franklin Drilon said De Lima could continue her job as a lawmaker since she is not suspended. Ms De Lima has said that the government's case rests largely on testimonies that inmates were coerced into giving.