13 Jun 2014
Wall Street sees a down week amid Iraq tensions
FXStreet (Guatemala) - U.S. stocks are suffering this week as a result of the concerns of Iraq and risks there of increased violence and US intervention.
However, there was a bout of bullishness at the end of the week from the tech sector and at 4 p.m in New York, Standard & Poor’s 500 Index finished 1,931.81 up1.7 points and the and The Dow Jones Industrial Average finished up 40.85 points at 16,775.04. On the week, the Dow is down 1 percent and the S&P is down around 0.8 percent. In Iraq, Islamist rebel fighters have captured two more towns moving towards Baghdad and the US have threatened military strikes with Obama saying he will do whatever is necessary. Meanwhile, from the data today, U.S. consumer sentiment fell against expectations for June.
However, there was a bout of bullishness at the end of the week from the tech sector and at 4 p.m in New York, Standard & Poor’s 500 Index finished 1,931.81 up1.7 points and the and The Dow Jones Industrial Average finished up 40.85 points at 16,775.04. On the week, the Dow is down 1 percent and the S&P is down around 0.8 percent. In Iraq, Islamist rebel fighters have captured two more towns moving towards Baghdad and the US have threatened military strikes with Obama saying he will do whatever is necessary. Meanwhile, from the data today, U.S. consumer sentiment fell against expectations for June.