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Stocks open lower ahead of week's Fed meeting, May CPI data

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Seana Smith News

Brian Sozzi,Nasdaq Composite,Market Trends

All three of the major market indices (^DJI, ^IXIC, ^GSPC) are flirting below their flatlines at Monday's market opening. The S&P 500 and the Nasdaq...

at Monday's market opening. The S&P 500 and the Nasdaq Composite open the week above their respective benchmark highs of 5,300 and 17,000.Let's do a quick check here of the markets when you take a look at the major averages.

Worst performer as those opening trades shake out, but again, the big focus here one of the big focuses here for investors at the open.But Shana, I mean, you're just killing it. Further weakness as Algonquin Power & Utilities drops 4.7% this week, taking three-year losses to 50% -- Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community.

 

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