7 Nov 2013
Wall Street had an ugly day; no matter what Twitter says
FXstreet.com (San Francisco) - The US stocks market closed negative on Thursday as investors digested unexpected rate cut in the ECB and took profit from record highs in the Dow and the S&P.
The better than expected US GDP of 2.8% growth in Q3 added pressure to the indexes too as investors ignited concerns on a sooner-than-expected Fed tapering of QE.
Despite Twitter closed the day with a 73% rally, the Dow, the S&P and the Nasdaq performed worst day in a month.
The Dow Jones declined 152.90 points or 0.97% to end the day at 15,593.98; the S&P 500 eased 23.34% points or 1.32% to finish the day at 1,747.15; and the Nasdaq Composite dropped 74.62 pts or 1.90% to 3,857.33.
The better than expected US GDP of 2.8% growth in Q3 added pressure to the indexes too as investors ignited concerns on a sooner-than-expected Fed tapering of QE.
Despite Twitter closed the day with a 73% rally, the Dow, the S&P and the Nasdaq performed worst day in a month.
The Dow Jones declined 152.90 points or 0.97% to end the day at 15,593.98; the S&P 500 eased 23.34% points or 1.32% to finish the day at 1,747.15; and the Nasdaq Composite dropped 74.62 pts or 1.90% to 3,857.33.