The markets spent much of the day treading water with tomorrow’s meeting of the European Central Bank (ECB) looming. The President of the E.C.B- Mario Draghi could possibly announce another round 0f stimulus measures, which could include more asset purchases and maybe another cut to the already negative interest rate.
Marketwatch.com points to 5 things that should be watched at tomorrow’s ECB meeting:
1. The rate decision
2. Two-tiered deposit system and/or cheap loans
3. Changes to Quantitative easing
4. New staff projections
5. Will meeting be another disappointment?
Meantime, the United States is just under eight months away from the next Presidential election which is Tuesday, November 8, 2016. Wall Street is wondering: Which person would be better for the stock market if elected: Hillary Clinton or Donald Trump? David Lafferty, chief market strategist at Natixis Asset Management gave his opinion to CNBC’s “Halftime Report.” Watch below.
Here are the final numbers from Wednesday, 3/9/16 on Wall Street
Dow Jones Industrial Average: 17,000.36 (+36.26 / +0.21 %)
NASDAQ: 4,674.38 (+25.55 / +0.55 %)
S&P 500: 1,989.26 (+10.00 / +0.51 %)