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Stock market today: Wall Street holds steadier after losing most of its Trump bump

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NEW YORK (AP) — U.S. stocks are drifting as Wall Street holds steadier after seeing much of its rally following Donald Trump’s presidential victory dissipate. The S&P 500 was little changed in early trading Monday.

NEW YORK — U.S. stocks are drifting as Wall Street holds steadier after seeing much of its rally following Donald Trump’s presidential victory dissipate. The S&P 500 was little changed in early trading Monday. The index is coming off its worst loss since before Election Day. The Dow Jones Industrial Average was down 95 points, and the Nasdaq composite was up 0.1%. CVS Health rose after adding four new directors to its board.

A report Friday showed shoppers spent more at U.S. retailers last month than expected, suggesting consumer spending, the most influential force on the economy, remains solid. The NHTSA has asked the company to “revisit its communications” to make sure messages are consistent with user instructions. Elsewhere, in Europe at midday, Germany's DAX lost 0.3%, while the CAC 40 in Paris edged 0.2% lower. Britain's FTSE 100 fell 0.1%.

South Korea's Kospi jumped 2.2% to 2,469.07 after Samsung Electronics, the country's biggest company, announced a share buyback plan. Samsung's shares jumped 6%.

 

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