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Wall Street Ends Near Flat; Pulls Back for the Week

Wall Street Ends Near Flat; Pulls Back for the Week (Reuters)

Investors hoping for the market to shake off concern that the Fed may begin taping its easy-money policies in the wake of improving economic data will need to wait until at least next week, with stocks ending nearly flat today after a three-day drop that resulted in the worst week for the market in nearly four months. The U.S. stock market may be in a bit of a holding pattern until next week’s Federal Reserve’s policy-setting meeting. In today’s trading, the Dow Jones industrial average rose 15.93 points, or 0.1 percent, to 15,755.36, the S&P 500 Index lost 0.18 points, or 0.01 percent, to 1,775.32, and the Nasdaq Composite added 2.572 points, or 0.06 percent, to 4,000.975.

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Investors hoping for the market to shake off concern that the Fed may begin taping its easy-money policies in the wake of improving economic data will need to wait until at least next week, with stocks ending nearly flat today after a three-day drop that resulted in the worst week for the market in nearly four months.

archive

Wall Street Ends Near Flat; Pulls Back for the Week

Investors hoping for the market to shake off concern that the Fed may begin taping its easy-money policies in the wake of improving economic data will need to wait until at least next week, with stocks ending nearly flat today after a three-day drop that resulted in the worst week for the market in nearly four months.

Wall Street Ends Near Flat; Pulls Back for the Week (Reuters)

Investors hoping for the market to shake off concern that the Fed may begin taping its easy-money policies in the wake of improving economic data will need to wait until at least next week, with stocks ending nearly flat today after a three-day drop that resulted in the worst week for the market in nearly four months. The U.S. stock market may be in a bit of a holding pattern until next week’s Federal Reserve’s policy-setting meeting. In today’s trading, the Dow Jones industrial average rose 15.93 points, or 0.1 percent, to 15,755.36, the S&P 500 Index lost 0.18 points, or 0.01 percent, to 1,775.32, and the Nasdaq Composite added 2.572 points, or 0.06 percent, to 4,000.975.

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Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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