cbs2chicago.com - Wall Street Ends Day Mixed Amid Profit Concerns::
Wall Street ended a volatile session mixed Wednesday as investors concerns about sluggish housing, tight credit and rising oil prices intensified their uneasiness
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The falloff of market activity since Tuesday's rally continued Thursday,
as traders seemed more inclined to wait until more players returned to the
markets after the New Year Holiday than wade through smaller volumes this
week.
In all, the data floating through the markets did little to boost
trading -- even though the Nasdaq did have a strong finish. Jobless claims
fell by close to 5,000 for the week to 362,000, according to the Labor
Department. Although good news for the state of the economy, it was news
that didn't inspire traders to rally.
Free Preview - WSJ.com::
By Danielle Sessa The Wall Street Journal Interactive Edition shares continued to fall Tuesday in another sluggish session on Wall Street.
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The Nasdaq finished up 1.34 points to 2,178.34 and the S&P gained .10
to finish at 1,213.55. The Dow Jones Industrial Average slid 28.89 points to
close at 10800.30 on the day, thanks in part to a downgrade in the steel
sector.
Shares of optical equipment maker LightPath rose 14
cents to close at $4.50 after CEO Monty Allen said he would leave his post
for personal reasons. The company's stock had shed about 6 cents in extended
trading.
Wall Street Awaits Fed Announcement - Economy * US * News * Story ::
There are 6 1/2 trading sessions until the Federal Reserve says for certain evidence that problems with the sluggish housing market and tightening credit
http://www.cnbc.com/id/20678189HOME |
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