4 Dec 2013
Wall Street closes mostly lower as good news are a bad fuel
FXstreet.com (San Francisco) - The US stocks market traded mostly lower on Wednesday as investors digested a round of better than expected economic data round and thinking about when the Fed will start to taper bond buying pace. In addition investors are focused on Friday's employment report.
It seems market is a bit tired after a long and profitable year and now investors are closing positions ahead holiday season and looking for the next year. Major indexes closed off lows after bouncing following the Fed Beige Book release where the Federal Reserve affirmed the economy expanded at a moderate to modest pace from early October through mid-November.
The Dow Jones declined 24.85 points or 0.16% to end the session at 15,889.77; the S&P 500 eased 2.34 points or 0.13% to 1,792.81; and the Nasdaq Composite rose 0.80 pts or 0.02% to finish the day at 4,038.00.
It seems market is a bit tired after a long and profitable year and now investors are closing positions ahead holiday season and looking for the next year. Major indexes closed off lows after bouncing following the Fed Beige Book release where the Federal Reserve affirmed the economy expanded at a moderate to modest pace from early October through mid-November.
The Dow Jones declined 24.85 points or 0.16% to end the session at 15,889.77; the S&P 500 eased 2.34 points or 0.13% to 1,792.81; and the Nasdaq Composite rose 0.80 pts or 0.02% to finish the day at 4,038.00.