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UK Election Overshadows Comey’s Testimony And ECB Decision

Published 06/14/2017, 07:48 AM
Updated 12/18/2019, 06:45 AM

The US stock market pulled back in a slight correction in the last week while the dollar index rebounded. US markets ended lower on Monday with more weak data undermining investor confidence after disappointing May jobs report: the ISM Non-Manufacturing index slipped to 56.9 in May from 57.5 in previous month, a 12-year high, and factory orders fell 0.2% in April. US stocks continued the slide on Tuesday as political uncertainties undermined market sentiment ahead of former Federal Bureau of Investigation director Comey’s testimony to the Senate on Thursday and UK general election the same day. US stocks indices advanced on Wednesday with gains in financial sector offsetting the drop in energy shares and thedollar inched higher in a cautious trade.

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