Stocks Hold Steady

Stocks Hold Steady (Bloomberg)

Stocks registered only a slight gain today, once again failing to close at a record high. “The market in the short term is a little tired,” Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc., said. “Sure, we have problem breaking through it, setting new all-time highs. But I think that’s temporary. I don’t think there is going to be any material downside from these levels because there isn’t really anything that’s fundamentally driven, it’s more sentiment driven.”