NewsFeeder
Headline News
- Reaction score
- 3
Wall Street falls after record; Fed remains in focus
[Reuters] - Stocks slipped on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-moving economic data. Healthcare stocks were among the most active after company news while utilities (.SPLRCU) was the worst performer of the 10 industry groups on the S&P 500. There's no reason to think this is anything different than that," said Paul Zemsky, head of asset allocation at ING Investment Management in New York. But stronger economic data of late, including a drop in the unemployment rate to a five-year low, helped ease investors' angst over a pullback in the Fed's stimulus.
http://us.rd.yahoo.com/finance/news...s/futures-little-changed-p-500-130700895.html
[Reuters] - Stocks slipped on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-moving economic data. Healthcare stocks were among the most active after company news while utilities (.SPLRCU) was the worst performer of the 10 industry groups on the S&P 500. There's no reason to think this is anything different than that," said Paul Zemsky, head of asset allocation at ING Investment Management in New York. But stronger economic data of late, including a drop in the unemployment rate to a five-year low, helped ease investors' angst over a pullback in the Fed's stimulus.
http://us.rd.yahoo.com/finance/news...s/futures-little-changed-p-500-130700895.html
