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[$$] Stocks Shrug Off Company News, Falling 0.3% on Week
The Nasdaq Composite dropped 0.6%, to 5,877.81. The action started early in the week with the release of disappointing auto sales that caused everything car-related—auto makers General Motors (GM) and Ford Motor (F), parts retailers like O’Reilly Automotive (ORLY), used-car sellers like AutoNation (AN), and auto-parts makers like BorgWarner (BWA)—to tumble, although the S&P 500 dipped only 0.2% Monday. The index bounced back on Tuesday, but gave up a nice gain on Wednesday after the minutes from the March Federal Open Market Committee meeting showed the Federal Reserve considering shrinking its balance sheet before year end, and Speaker of the House Paul Ryan playing down a quick series of tax cuts.
http://finance.yahoo.com/r/53ef9d00...od=yahoobarrons&ru=yahoo&yptr=yahoo&.tsrc=rss
The Nasdaq Composite dropped 0.6%, to 5,877.81. The action started early in the week with the release of disappointing auto sales that caused everything car-related—auto makers General Motors (GM) and Ford Motor (F), parts retailers like O’Reilly Automotive (ORLY), used-car sellers like AutoNation (AN), and auto-parts makers like BorgWarner (BWA)—to tumble, although the S&P 500 dipped only 0.2% Monday. The index bounced back on Tuesday, but gave up a nice gain on Wednesday after the minutes from the March Federal Open Market Committee meeting showed the Federal Reserve considering shrinking its balance sheet before year end, and Speaker of the House Paul Ryan playing down a quick series of tax cuts.
http://finance.yahoo.com/r/53ef9d00...od=yahoobarrons&ru=yahoo&yptr=yahoo&.tsrc=rss
