24 Mar 2015
Wall Street closed - Markets consolidate and reflect
FXStreet (Guatemala) - The U.S. stock market was a lower performer today as markets took a breather to digest the recent data and events channeling towards the FOMC's future interest rate decisions.
The S&P 500 was trading at a high of 2,109 to a low of 2,090 finishing the day at 2092. The Dow was down 105 points, with a high of 18,163 and a low of 18,009 closing 18,028. WTI was 47.25 the highs vs 45.17 and consolidating as were the currencies, with the greenback getting the edge.
Valeria Bednarik, chief analyst at FXStreet noted the data and events and explained, "The US inflation figures for February resulted up beating, particularly with the year-on-year reading that excludes food and energy, which rose more than forecast, reflecting broad-based gains that helped keep a floor under inflation. Also, New Home Sales rose in February, reaching a seven-year high, climbing at an annual pace of 7.8%."
The S&P 500 was trading at a high of 2,109 to a low of 2,090 finishing the day at 2092. The Dow was down 105 points, with a high of 18,163 and a low of 18,009 closing 18,028. WTI was 47.25 the highs vs 45.17 and consolidating as were the currencies, with the greenback getting the edge.
Valeria Bednarik, chief analyst at FXStreet noted the data and events and explained, "The US inflation figures for February resulted up beating, particularly with the year-on-year reading that excludes food and energy, which rose more than forecast, reflecting broad-based gains that helped keep a floor under inflation. Also, New Home Sales rose in February, reaching a seven-year high, climbing at an annual pace of 7.8%."