23 Mar 2015
Wall street closing: Retreats after close to record highs
FXStreet (Guatemala) - US stocks were coming off into into the close on Wall Street after it reached close to the record highs set on 2nd March this year in the S&P 500.
The S&P 500 dropped down to 2,104.44 by the close in while the Nasdaq fell 0.3 percent and the Dow was close to all time highs also before dropping back. There was very little from the calendar today ahead of this week's CPI's and GDP results but we did have some Fedspeak.
Fischer was up and he said that rates will be rising before the year is out, but suggested that it will not be a straight forward tightening process. The dollar was giving back ground again today while gold was adding 10 bucks to the price between highs and lows, with $1,191.98 coming as the high.
The S&P 500 dropped down to 2,104.44 by the close in while the Nasdaq fell 0.3 percent and the Dow was close to all time highs also before dropping back. There was very little from the calendar today ahead of this week's CPI's and GDP results but we did have some Fedspeak.
Fischer was up and he said that rates will be rising before the year is out, but suggested that it will not be a straight forward tightening process. The dollar was giving back ground again today while gold was adding 10 bucks to the price between highs and lows, with $1,191.98 coming as the high.