Stock Indices Recap - 1/9/2017

January 9, 2017 9:38AM CST

March S&P finished up 69.8 at 2341.3, -67.3 off the high and 77.8 up from the low. March S&P E-Mini closed down 6.5 at 2265. This was 1.5 up from the low and 10.25 off the high.

The stock market showed a lack of direction to start out the new trading week. It is possible that renewed fears of international headwinds served to knock prices back away from last week's highs. With talk of a hard British exit from the EU and concerns toward the ramifications of extreme volatility in the Chinese currency, it's understandable that investors were pushed to the sidelines. News that McDonald's sold most of its China steak might've added to the recent concerns toward China. The big question for the stock market going forward is what the primary focus of the Trump Administration will be to start his presidency. If the focus is on the quagmire of the national health plan situation, the stock market may see more noted corrective action ahead.

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