It was an uneven day of trading on
Wall Street. For example, most of the early market losses were pared by the midday hour; however, a spate of selling returned in the final hour to ensure that the major U.S. equity indexes
finished the session in the red.
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Stocks traded off their session highs this afternoon after rising this morning on relief that a deal had been reached to stave off a likely default next month by
Greece on its debt. At the close, the
Dow was up 16 points and the
NASDAQ was off by three points.
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It was a positive week on Wall Street, with the bulls—despite prevailing thoughts that the market is overbought—pushing equities nicely higher, helped by Thursday’s outsized gains.
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The
U.S. stock market advanced briefly this morning, thereby extending yesterday’s late surge. However, equities ultimately slipped into negative territory as the day wore on. At the close of the trading day, the
Dow Jones Industrial Average was down 97 points.
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The continued inability of
Greece to hammer out a
deal with it creditors to stave off a possible default by the debt-saddled nation, caused U.S. stocks to post steep price declines to end the week.
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It was a directionless day on
Wall Street. The U.S. equity indexes started the session higher, but
gave back those initial gains shortly thereafter and then proceeded to trade in a narrow band around the neutral line for the remainder of the session.
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