STOCKS SLIDE: Here's what you need to know

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January 18, 2017 12:10 AM

Stock slid on Tuesday, with all three major indices finishing in the red.

slide egypt

First up, the scoreboard:

Dow:
826.77
S&P 500:
Nasdaq:
US 10-year yield:
WTI Crude:

1. The dollar tumbled after president-elect Donald Trump said the currency was "too strong." The US dollar index was down by 0.8% at 100.35 in the mid-afternoon.

2. China takes the spotlight at Davos. Xi Jinping on Tuesday became the first Chinese president to attend the World Economic Forum in Davos. "Whether you like it or not, the global economy is the big ocean you can't escape from," Xi said in delivering the forum's opening plenary speech, introduced by the forum's founder and chair, Klaus Schwab.

3. The Congressional Budget Office said the GOP's Obamacare repeal could leave 27 million people without health insurance and cause premiums to skyrocket. Tvetoed by President Barack Obama currently being drafted

4. Deutsche Bank will settle with US regulators over mortgage-backed securities for $7.2 billion. The settlement comes after months of wrangling between the bank and regulators. The original settlement was reported to be around $14 billion, which sent Deutsche Bank's stock into a tail spin in September 2015.

5. Tiffany & Co. said sales at US said in a statement.

6.Treasury yields plunged. Tuesday's bid has yields down to their lowest levels since at least the beginning of December.

ADDITIONALLY:

This is what could happen if Obamacare is repealed.

Trump's top health official is facing ethics questions for investments in healthcare companies.

The CIO of a $490 billion fund on the one "guaranteed losing approach" to investing.

How much it would cost to buy the White House.

The 10 best stock pickers that you should have listened to in 2016.

Dow 20,000 is overrated.

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