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21 Sep 2013
Wall Street closes the day in negative but third straight week of gains
FXstreet.com (San Francisco) - The US stocks market performed negative on Friday but the major indexes closed its third positive week in a row. The Dow lost all its Fed's day bounce as the Dow, and the S&P posted its worst day in three days.
After rallying on Wednesday as Bernanke said taper was out of the table for the rest of his term, a Fed official said today that the central bank could start tapering in October. Then Wall Street felt in red. The Nasdaq was down for first time in the last four days.
The Dow Jones declined 185.46 pts or 1.19% to finish the week at 15,451.09, +0.49% since the last week. The S&P 500 lost 12.43 pts or 0.72% to 1,709.91.
The index was 1.3% positive on the week. The Nasdaq eased 14.65 pts or 0.39% to wrap up the day at 3,774.73. The composite performed 1.41% positive in the last five days.
After rallying on Wednesday as Bernanke said taper was out of the table for the rest of his term, a Fed official said today that the central bank could start tapering in October. Then Wall Street felt in red. The Nasdaq was down for first time in the last four days.
The Dow Jones declined 185.46 pts or 1.19% to finish the week at 15,451.09, +0.49% since the last week. The S&P 500 lost 12.43 pts or 0.72% to 1,709.91.
The index was 1.3% positive on the week. The Nasdaq eased 14.65 pts or 0.39% to wrap up the day at 3,774.73. The composite performed 1.41% positive in the last five days.