The Dow came within one point of 20,000 for the first time on Friday and the Nasdaq and S&P 500 reached record highs. While Friday’s gains suggested the rally was not yet over, some investors have grown cautious.
“It’s really Fed watch. That’s what traders are waiting for,” said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
Wall Street rallied more than 2 percent on Thursday as strong U.S. economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over.
New York (AFP) — Wall Street stocks were little changed in early trade Wednesday with Apple posting modest gains after unveiling a spate of new products, including a mobile-payment system and a smartwatch. About 40 minutes into trade, the Dow Jones Industrial Average dipped 3.01 points (0.02 percent) to 17,010.86. The broad-based S&P 500 shed […]
New York (AFP) – U.S. stocks Friday moved higher in early trade despite a U.S. employment report that showed surprisingly weak jobs growth in January. About 35 minutes into trade, the Dow Jones Industrial Average advanced 65.56 points (0.42 percent) to 15,694.09. The broad-based S&P 500 rose 11.09 (0.63 percent) to 1,784.52, while the tech-rich […]