Stocks wobble a day after biggest drop since May

The S&P 500 rose 0.2% as of 11:14 a.m. Eastern. The Dow Jones Industrial Average rose 63 points, or 0.2%, to 34,035 and the Nasdaq rose 0.5%.

Technology companies also made gains in a reversal from Monday, when the sector slumped. A mix of industrial and financial stocks fell broadly.European markets were higher, and Asian markets mostly rose. Chinese markets remained closed for a holiday. Wall Street is also gauging how the recovery's slowdown will impact the Federal Reserve's policies that have helped support the market and economy. The central bank will release a policy statement

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Banking industry may be clearest loser from Trudeau's re-electionTrudeau last month pledged that, if re-elected, he'd increase the tax rate on bank and insurer profits over $1 billion by 3 percentage points to 18 per cent I bet he doesn't..... it's not like campaign promises are real promises as we know from his 2 previous campaigns. And the poor consumers will foot the bill through bank charges. The banks won’t lose a cent. Nice! Increased bank fee coming soon. Thanks Justine!
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