Stocks Move Lower as U.S. Political Uncertainty Weighs on Equities

Stocks move lower on Monday as uncertainty over potential policy moves from Donald Trump's administration weighs on Wall Street.
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U.S. stocks were wavering, searching for direction, but mostly lower Monday as uncertainty over potential policy moves from President Donald Trump weighed on Wall Street. Banking stocks led Wall Street sharply higher last week after Trump signed an executive order to loosen financial regulations.

Tiffany(TIF) - Get Report shares fell as the company announced that its current CEO would resign immediately, after less than two years on the job. Board chairman and previous Tiffany CEO Michael J. Kowalski will serve as interim CEO.

Toymaker Hasbro (HAS) - Get Report jumped more than 14% after reporting fourth-quarter adjusted earnings of $1.64 a share, beating forecasts of $1.27 per share. Revenue of $1.63 billion also topped Wall Street forecasts.

Tech shares -- including Apple(AAPL) - Get Report , Alphabet's(GOOGL) - Get Report Google, Facebook(FB) - Get Report , Microsoft(MSFT) - Get Report , Netflix(NFLX) - Get Report and Twitter(TWTR) - Get Report -- were on watch Monday after a number of tech companies filed legal briefs on Sunday with a federal appellate court saying Trump's immigration ban damages their businesses.