|Day's range||7,101.17 - 7,285.57|
|52-week range||6,630.67 - 8,133.30|
Maxine Waters, slated to lead the House Financial Services Committee, said she would focus on stopping efforts to rollback red tape on the banking industry.
About one-third of investors polled by Bank of America Merrill Lynch this month think the S&P 500 has peaked for this cycle, a sign that amid continued choppy markets investors are losing the faith.
Loan officers told the Federal Reserve that they would tighten loan standards and pricing if the yield curve inverts.
Banks led a broad sell-off in U.S. stocks Wednesday, placing the market on track for its fifth consecutive loss. Traders sent government bond prices higher, pulling down yields. Technology stocks also took heavy losses. Energy stocks gave up an early gain even as crude oil prices headed higher after a lengthy skid.
The Dow Jones Industrial Average was lower Wednesday as investors balanced largely positive news on inflation against Chinese data and worries about Brexit.
STOCKSTOWATCHTODAY BLOG 11:29 a.m. Stocks were dropping in late-morning trading after starting higher on Wednesday. The S&P 500 has fallen 0.5% to 2707.74, while the Dow Jones Industrial Average has declined 139.
LONDON (AP) — Concerns about political developments in Britain and Italy kept a lid on global stock markets on Wednesday. Meanwhile oil prices recouped some lost ground.
A rebound for crude oil prices and tame US inflation data provided only fleeting support for stock markets, as a fresh sell-off in the technology sector left the S&P 500 on course for a fifth successive drop.