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31 Oct 2013
Wall Street closed Thursday with losses but logs a impressive October
FXstreet.com (San Francisco) - The US stocks market traded lower on Thursday as investors digested good US economic data and corporate earnings while they think over the timing of the Federal Reserve tapering strategy. However, major indexes posted an impressive October with solid gains.
The Dow and the S&P declined for second day after reaching both record closing high. The Nasdaq remains mixed as the Composite closed its first negative day in three days with the index keeping last days levels.
Today's economic data included an upbeat Chicago PMI of 65.9 in October with higher new orders and employment components and the jobless claims that posted 340K new claims in the Oct 25 week while consensus was 339K.
On stocks, the Dow Jones declined 66.98 points or 0.43% to close the day at 15,551.78. The DJIA posted 2.8% gains in the month and remain in a 2,000 points range since August in between 14,785 and 15,680. YTD the Dow advanced an impressive 18.68%.
The S&P 500 eased 6.66 points or 0.38% on the day to close at 1,756.65. The S&P performed 4.46% positive in the month and accumulates a breathtaking 23.16% in the first 10 months of the year.
The Nasdaq lost 10.91 points or 0.28% in the day to finish the session at 3,919.71. The composite climbed 3.93% in the month and sums a brutal 29.81% rally YTD.
The Dow and the S&P declined for second day after reaching both record closing high. The Nasdaq remains mixed as the Composite closed its first negative day in three days with the index keeping last days levels.
Today's economic data included an upbeat Chicago PMI of 65.9 in October with higher new orders and employment components and the jobless claims that posted 340K new claims in the Oct 25 week while consensus was 339K.
On stocks, the Dow Jones declined 66.98 points or 0.43% to close the day at 15,551.78. The DJIA posted 2.8% gains in the month and remain in a 2,000 points range since August in between 14,785 and 15,680. YTD the Dow advanced an impressive 18.68%.
The S&P 500 eased 6.66 points or 0.38% on the day to close at 1,756.65. The S&P performed 4.46% positive in the month and accumulates a breathtaking 23.16% in the first 10 months of the year.
The Nasdaq lost 10.91 points or 0.28% in the day to finish the session at 3,919.71. The composite climbed 3.93% in the month and sums a brutal 29.81% rally YTD.