Markets Pullback From Recent Highs
Stock’s weakened Tuesday, with the S&P giving up 1.25% and the Nasdaq shedding 1.4%. The Dow declined about 1.2%. Weakness was tied to strong economic data this morning, including housing starts and durable goods orders. The strong data stoked ongoing concerns about Fed tightening, causing markets to slip from recent highs.
VIX, also known as the fear, index advanced 19%, while gold, crude and related equities weakened amid dollar strength.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Futures mostly higher, Tesla pledges "more affordable" EVs - what's moving markets
- BofA says there is a continued strength in buybacks
- Meta earnings, IBM to acquire HashiCorp, U.S. GDP ahead - what's moving markets
Create E-mail Alert Related Categories
General News, Trader TalkRelated Entities
Standard & Poor's, Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!