It was a rather mundane day on
Wall Street, which is not surprising given the lack of U.S. economic and earnings news today—both have helped to push
stocks higher the last few weeks. Instead, investors focused on the ongoing sovereign-debt talks between
Greece and its creditors.
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The major
U.S. equity indexes closed out the week in fine fashion, as investors were emboldened by some encouraging metrics on the U.S. economy, not the least of which was
strong job creation during the month of January.
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At the close of the session in New York, the markets managed to end mixed.
The Dow ended off nine points (-0.1%); the broader
S&P 500 Index was higher by one points (0.1%); and the
NASDAQ, which has been leading the markets for a while now, added on 11 points (0.4%).
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The U.S. stock market opened higher today, and remained strong through most the day. At the close, the
Dow Jones Industrial Average was up 84 points (0.7%) and the broader
S&P 500 Index was higher by 12 points (0.9%).
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The final day of trading for the month of January turned out to be a rollercoaster ride for Wall Street. In all, the
Dow Jones Industrial Average and the broader
S&P 500 Index were slightly below the neutral line, while the
NASDAQ had eked out a nominal two-point gain.
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The U.S. equity indexes started the day well into negative territory. But as the day progressed, the
Dow, the
NASDAQ, and the broader
S&P 500 Index were able to pare most of the early losses and by the closing bell were all within a stone’s throw of the neutral line.
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The major
U.S. equity indexes closed out the week on a mixed note, with the
Dow Jones Industrial Average in the red, pushed lower in the final hour by some late-day selling.
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Weaker-than-expected economic data pulled the plug on an early rally on
Wall Street today. At the close, the
Dow and the
NASDAQ were down 22 points and 13 points, respectively.
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The
U.S. stock market, which had been weaker, turned around abruptly after the Federal Reserve’s FOMC statement on interest rates. In fact, the indexes managed to move sharply higher in the afternoon.
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