Futures tied to the S&P 500 were little changed Monday night after the broad market index and the Dow Jones Industrial Average slipped to begin April.for Medicare Advantage and prescription drug coverage. In 2025, payments from the government toward these plans are expected to rise 3.7% year over year, unchanged from an earlier proposed rate.
The market now appears to be in a"relatively comfortable place," David Miller, co-founder and chief investment officer of Catalyst Capital Advisors told CNBC. He expects equities to trade relatively range-bound in the near future. "Valuations right now are fairly reasonable. I don't think investors have unrealistic expectations," he said."I think we will need some real surprises — either from those employment reports or our next CPI number — to get away from where we are today."On the economic front, traders will be looking for the Job Openings and Labor Turnover Survey from February, out Tuesday at 10 a.m. ET. Durable orders for February are also on deck Tuesday morning.
Real estate was the worst performer and slid 1.8% in its worst daily performance since February 13, when it fell 1.8%. The best-performing sector was communication services, which rose 1.5%.Health insurance stocks fell during Monday's extended trading hours. The move came after the Centers for Medicare & Medicaid ServicesThe government's payments to Medicare plans will on average increase by 3.7%, or more than $16 billion in the next year. This final rate of 3.
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