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2 Jan 2014
First negative start to year in 6 in Wall Street
FXstreet.com (San Francisco) - The US stocks market decline the first trading day of 2014 and logged its first start to year since 2008 as better than expected economic reports failed to fuel investor’s confidence. Volume was low.
The Dow and S&P posted its worst day in 3 weeks. US 10 year yields rose above 3% again and reached 2.5-year high. The Oil collapsed 3.0% to a low of $95.44 and the Gold rallied 2.0%.
The Dow Jones declined 135.31 points or 0.82% to finish at 16,441.35. The S&P 500 eased 16.38 pts or 0.89% to 1,831.98. The Nasdaq Composite lost 33.52 pts or 0.80% to close at 4,143.07.
The Dow and S&P posted its worst day in 3 weeks. US 10 year yields rose above 3% again and reached 2.5-year high. The Oil collapsed 3.0% to a low of $95.44 and the Gold rallied 2.0%.
The Dow Jones declined 135.31 points or 0.82% to finish at 16,441.35. The S&P 500 eased 16.38 pts or 0.89% to 1,831.98. The Nasdaq Composite lost 33.52 pts or 0.80% to close at 4,143.07.