28 Jun 2013
Wall Street closes its first negative month in the year
FXstreet.com (San Francisco) - The US stocks market has declined on Friday following a big sell off in the final minutes of the session. Wall Street has closed its first negative month in 2013 but it logged its third winning quarter in the last four.
In this line, the Dow performed its best 1st half of year in the new century. Market has been hurt in June by the Fed QE tapering idea as Ben Bernanke hinted in the latest FOMC that the Fed would begin the reduction in bond buying as soon as this year.
The DJIA declined 117.42 points or 0.78% on Friday and it closed the week 0.74% positive but the month 1.36% negative at 14,907.07. On the quarterly basis, the Dow rallied 2.27%. The S&P 500 eased 6.92 points or 0.43% to end the day at 1,606.28. The S&P closed the week 0.87% up, 1.5% down on the week and 2.36% positive on the quarter.
On the other hand, the Nasdaq advanced 1.39 points or 0.04% on the day to end the week at 3,403.25, 1.37% positive on the last 5 days. On monthly basis the Composite declined 1.52% but jumped 4.15% in the second quarter of 2013.
In this line, the Dow performed its best 1st half of year in the new century. Market has been hurt in June by the Fed QE tapering idea as Ben Bernanke hinted in the latest FOMC that the Fed would begin the reduction in bond buying as soon as this year.
The DJIA declined 117.42 points or 0.78% on Friday and it closed the week 0.74% positive but the month 1.36% negative at 14,907.07. On the quarterly basis, the Dow rallied 2.27%. The S&P 500 eased 6.92 points or 0.43% to end the day at 1,606.28. The S&P closed the week 0.87% up, 1.5% down on the week and 2.36% positive on the quarter.
On the other hand, the Nasdaq advanced 1.39 points or 0.04% on the day to end the week at 3,403.25, 1.37% positive on the last 5 days. On monthly basis the Composite declined 1.52% but jumped 4.15% in the second quarter of 2013.