Jay Clayton, President Donald Trump's nominee to be chairman of the Securities and Exchange Commission, said the Dodd-Frank Act should be looked at to see whether objectives are being achieved, but he doesn't have "specific plans for attack" against the law. The SEC should continue work on rules mandated by Dodd-Frank that haven't been completed, Clayton said.
Stocks opened higher today, after experiencing wide swings Thursday. At 10 a.m. Eastern, the Dow Jones industrial average was up 30 points, the Nasdaq composite was up 30 points and the Standard & Poor's 500 index was up 6 points.
Global bond exchange-traded funds have experienced their first outflow of 2017 as a net $800 million left in the week that ended March 8. The last time the asset class saw outflow was right after the election of President Donald Trump.
The number of bitcoin-related scams promoted online has increased significantly in March, according to security firm ZeroFox. The company said it had identified bitcoin fraud on 8,742 social media posts linked to 3,618 unique URLs over a three-week period.