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Showing posts with the label Wall Street at Close Report by RTTNews.

Wall Street at Close Report by RTTNews November 19, 2013: Anxiety Ahead Of Bernanke Speech, Data Drags Stocks Lower.

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Anxiety Ahead Of Bernanke Speech, Data Drags Stocks Lower - U.S. Commentary 11/19/2013 4:22 PM ET While selling pressure was relatively subdued, stocks moved mostly lower over the course of the trading day on Tuesday. With the loss on the day, the Dow pulled back off the record closing high set in the previous session. The major averages all ended the day in negative territory, although the Dow edged down only 8.99 points or 0.1 percent to 15,967.03. The Nasdaq fell 17.51 points or 0.4 percent to 3,931.55 and the S&P 500 slipped 3.66 points or 0.2 percent to 1,787.87. The weakness seen at the close of trading on Wall Street was partly due to trepidation ahead of the release of some key economic data on Wednesday, including reports on retail sales, consumer prices, and existing home sales. The reports could have a significant impact on expectations regarding when the Federal Reserve will begin scaling back its asset purchase program. In light of the focus o

Wall Street at Close Report by RTTNews November 18, 2013: Stocks Close Mostly Lower Following Late-Day Pullback - U.S. Commentary

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Stocks Close Mostly Lower Following Late-Day Pullback - U.S. Commentary 11/18/2013 4:23 PM ET After turning in a lackluster performance for much of the session, stocks came under pressure in the latter part of the trading day on Monday and closed mostly lower. Profit taking contributed to the pullback by the  markets  along with a negative reaction to comments from billionaire investor Carl Icahn. The major averages showed a notable move to the downside in late-day trading but ended the day mixed, as the Dow managed to post a modest gain. While the Dow edged up 14.32 points or 0.1 percent to 15,976.02, the Nasdaq tumbled 36.90 points or 0.9 percent to 3,939.07 and the S&P 500 fell 6.65 points or 0.4 percent to 1,791.53. The pullback seen late in the day was partly attributed to troubling remarks Icahn made at the Reuters Global Investment Outlook Summit. Icahn said he is "very cautious" on stocks and warned that the markets could see a "big

Wall Street at Close Report by RTTNews September 30, 2013: Washington Budget Battle Takes Toll On Stocks - U.S. Commentary

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Washington Budget Battle Takes Toll On Stocks - U.S. Commentary 9/30/2013 4:47 PM ET Wall Street suffered a notable decline on Monday, as worries about a looming government shutdown weighed on the market. Investors ignored some upbeat statistics on the manufacturing sector and focused on the budget fight in Washington. Shares dropped at the outset of trading as the deadline for a spending deal came into view. There was a moderation during the mid-morning, but stocks slipped back toward their lows of the day during the afternoon. The Dow Jones Industrial Average eventually finished lower by 128.57 points, or 0.8 percent, closing at 15,129.67. The Nasdaq retreated 10.12 points, or 0.3 percent, to end at 3,771.48. The S&P 500 slipped 10.20 points, or 0.6 percent, to finish at 1,681.55. Congress continues to wrangle over a spending bill. Without a last-minute deal, many federal government operations are scheduled to shut down at midnight due to lack of fu