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10 Jun 2014
S&P 500 edges unchanged at 1,951
FXStreet (Guatemala) - US stocks were pretty much unchanged, with the Standard & Poor’s 500 Index falling less than a point to 1,950.84 at 4p.m. in New York today and the Dow Jones Industrial Average up less than % to 16,946.09.
The market appears to be taking a much needed breather after a series of record closes of the last 4 weeks. The S&P has been on the up close to 32 months now without even a decline of more than 10%. Meanwhile, US data has been improving and traders are fixated on the timing of the Federal Reserve in relation to their interest rate policy and tapering of the asset purchasing programme. Key to the recovery of the US has been the labour force data as they move towards completing their stimulus programme this year.
The market appears to be taking a much needed breather after a series of record closes of the last 4 weeks. The S&P has been on the up close to 32 months now without even a decline of more than 10%. Meanwhile, US data has been improving and traders are fixated on the timing of the Federal Reserve in relation to their interest rate policy and tapering of the asset purchasing programme. Key to the recovery of the US has been the labour force data as they move towards completing their stimulus programme this year.