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Stock impact report

Trump picking Kevin Warsh as Fed chair wasn't enough to soothe shaky markets [Yahoo! Finance]

Morningstar, Inc. (MORN) 
Company Research Source: Yahoo! Finance
But though that captured headlines, stocks seemed to shrug off the news. Equity futures traded lower early in the morning session. Trump made his announcement before the market open, which gave futures a brief bump, but ultimately stocks opened lower and continued trading lower throughout the day. ‘I'm worried about cash flow': I'm 71 with a $2.7 million IRA and $470K in stocks. Why can't I relax? ‘I‘m facing an ethical dilemma': My widowed mother is cutting my step siblings out of the family trust. Do I have a responsibility? McDonald's may bring its 1,057-calorie Big Arch to America soon. Why it could be a billion-dollar burger. “The immediate market reaction in U.S. equities was muted early this morning. The premarket selloff was worse prior to the Warsh announcement; futures remained negative but moved higher off of the lows once the announcement went public,” Dominic Pappalardo, chief multiasset strategist at Morningstar Wealth, told MarketWatch. By the end of the day Show less Read more
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