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Need to Know: Why stocks are holding up through the Trump turbulence — and what’s next

Dodd-Frank rules, Iran and North Korea are among the latest things tied to the railroad tracks as the Trump train barrels closer.

But the S&P 500 SPX, +0.06% isn’t sweating much, as it smokes a cigarette about 1% below last week’s record close and cruises toward a modest loss for this week.

The stock gauge has been in “do nothing” mode in the last few sessions, as our stat of the day shows. Today’s jobs report could spark a big move, but maybe don’t hold your breath for that.

The “incredibly noisy environment” might make you think that the stock market is unraveling, writes Mark Arbeter.

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