31 Jul 2013
Wall Street closes mixed on strong taking profits but best July in 3 years
FXstreet.com (San Francisco) - The US stocks market closed Wednesday mixing red and green numbers as investors’ confidence was fueled by the Fed's rejection to start tapering in the short term. Overall, the main indexes wrapped up its best July since 2010.
After the FOMC release, stocks rallied to highs with the S&P 500 going shy of the 1,700 area but when the market came to the closing bell, a strong profit taking drove the indexes into almost the flat area.
The Dow Jones declined 21.05 points or 0.14% on the day to finish at 15,499.54. On the month, the DJIA rose 3.96%, completing an impressive 18.3% increase YTD. The S&P 500 eased 0.23% pts or 0.01% on the session to 1,685.73. Since July 1st, the index advanced 4.95%, posting an decent 18.2% YTD jump.
The Nasdaq rose 9.90 points or 0.27% to 3,626.37. The Composite performed its biggest monthly gain January 2012 with 6.6% climb. In the year, the .IXIC accumulates 20.1% YTD rally.
After the FOMC release, stocks rallied to highs with the S&P 500 going shy of the 1,700 area but when the market came to the closing bell, a strong profit taking drove the indexes into almost the flat area.
The Dow Jones declined 21.05 points or 0.14% on the day to finish at 15,499.54. On the month, the DJIA rose 3.96%, completing an impressive 18.3% increase YTD. The S&P 500 eased 0.23% pts or 0.01% on the session to 1,685.73. Since July 1st, the index advanced 4.95%, posting an decent 18.2% YTD jump.
The Nasdaq rose 9.90 points or 0.27% to 3,626.37. The Composite performed its biggest monthly gain January 2012 with 6.6% climb. In the year, the .IXIC accumulates 20.1% YTD rally.