Wall Street little changed near record highs

Traders work on the floor of the New York Stock ExchangeWall Street has soared this year, boosted by expectations Federal Reserve stimulus will continue. "We're fairly valued in the longer term, but it wouldn't be surprising to see short-term corrections since right now there's no reason to jump into the market in full force," said Mike Sorrentino, the New York-based chief strategist of the Global Financial Private Capital. In the latest data, a reading on consumer confidence fell to 70.4 in November, from 71.2 last month.



Business News Headlines – Yahoo! News

Short URL: http://globalnewsmagazine.com/?p=3327

Posted by on Nov 26 2013. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

Comments are closed

Photo Gallery

Log in | Designed by Buy Websites

Disclaimer : All content including images in this site is copyright to their rightful owners. No copyright infringement is intended.