Let's look at the numbers from Monday for the Dow, S&P 500, and Nasdaq:
Dow Jones: 20,905.86; -8.76; -0.04%
S&P 500: 2,373.47; -4.78; -0.20%
Nasdaq: 5,901.53; +0.53; +0.01%
Now, here's a look at today's most important market events and stocks, plus a preview of Tuesday's economic calendar.
Markets are on edge thanks to the ongoing battle on Capitol Hill regarding the potential repeal of the Affordable Care Act. Many investors are concerned that the Trump administration has used too much political capital on repealing and replacing the healthcare law. They remain concerned that Republicans may not be able to pass tax reform this year.
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The Federal Reserve was back in focus today after raising interest rates late week. Chicago Federal Reserve Bank President Charles Evans said that the central bank is on pace to increase interest rates at least two more times in 2017.
Crude oil prices fell Monday despite news that OPEC members expressed willingness to extend its six-month deal to cut excessive output. The ongoing reduction in production by members of the world's largest oil cartel has been overshadowed by increasing U.S inventory levels and rising shale production. Here's more on Monday's oil price decline.
The WTI crude oil price today dipped 1.1%, while Brent crude fell 0.19%.
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Uber President Jeff Jones is quitting. According to a March 19 Recode report, Jones is quitting because of recent controversies at Uber. These controversies range from sexual harassment claims to Uber using a tool called Greyball to deceive authorities. So, how will this impact the long-awaited Uber IPO? We tackle that question, right here.
But the big story is happening in the retail sector.
Must Read: Five Double-Digit Dividend Plays to Secure Your "Second Salary"
Brick-and-mortar retailers continue to see their share prices erode as consumers turn to Amazon.com Inc. (Nasdaq: AMZN) and Alibaba Group Holding Ltd. (NYSE: BABA). One of the nation's most iconic retailers is on the brink of total collapse. This company - and many others like it - are in total denial about one of the biggest trends in the history of the business.
And you could make a lot of money by playing a trend that too many investors are ignoring.
Up Next: Three Reasons You Shouldn't Try to Invest Like Warren Buffett
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About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.