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STOCKS REBOUND: Here's what you need to know (SNAP, F)

Published by Business Insider on Wed, 29 Mar 2017


Stocks rallied onTuesday followinga dip Monday that appeared related to concernabout the failure of "Trumpcare" to get enough votes in the House. That failure cast doubt onthe rest of President Donald Trump's economic agenda.Here's the scoreboard:Dow:20,701.50, +150.52, (0.73%)S&P 500:2,358.57, +16.98, (0.73%)Nasdaq:5,875.14, +34.77, (0.60%)'Trumpcare' is not dead.Republicans emerged from a closed-door caucus meeting saying they had notabandoned their desire to repeal and replace the Affordable Care Act, also known as Obamacare, even after they yanked theirbill from the House floor on Friday.Followingthe health care debacle, Trumpis planning to move up the timetable on large-scale infrastructure spending to this year,reported Jonathan Swan at the news website Axios.US consumer confidence spiked to a 16-year high in March. The Conference Board's consumer confidence indexjumped to 125.6, the highest since December 2000.Home prices rose to a 31-month high in January.The S&P CoreLogic Case-Shiller national home-priceindexclimbed5.9%, not seasonally adjusted. The biggest gainswere again recorded in the red-hot markets of Seattle, Portland, and Denver.Snap shares sank 4% after Facebook launched Stories.Much like Snapchat, Facebook Stories will allow users to post photos and videos that will disappear after24 hours. The Securities and Exchange Commission rejected plans for the SolidX Bitcoin ETF.The regulator cited the fact that bitcoin is traded on unregulated markets, which means the SEC wouldn't be able toprevent fraud or market manipulation.After Trump tweeted about a "major investment" fromFord,the automaker saidit would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects. The moves were largely in line with a previous agreement with the United Auto Workers union.Additionally:GM jumps as it faces off with David Einhorn over a plan to split its stock in to 2 classesHere are the US counties where there are more deaths than birthsThere's been a 'stunning' shift in the US economy since Trump's electionFAST FOOD CEO: Machines could 'run the world' by the mid- to late-2020sThese 9 states are where taxpayers get the biggest bang for their tax dollarsDarden's acquisition of Cheddar's is bad news for smaller restaurants that are looking for a buyoutJoin the conversation about this storyNOW WATCH: This animation shows how terrifyingly powerful nuclear weapons have become
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