by Tue, 14 Sep 2010 22:21:00 +0200
US stocks whipsaw, end slightly lower
FXstreet.com (Barcelona) - American equities struggled to take a clear direction on Tuesday, paring light gains in a late round of runs south, affecting primarily the banking sector, the big winners in yesterday's session after Basel III agreement over the weekend. Despite higher-than-expected data in Retail Sales, USD weakness coupled with technicals limited the upside.
The Dow Jones Industrial Average traded in a 90 points range, ending 0.17% lower. Hewlett-Packard, Wal-Mart and Intel led the climbers, while American Express and Boeing were amongst the worst performers. The S&P 500 was down 0.07% while the Nasdaq Composite managed to survive the late bearish moves, and eked out 0.18%.
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