Stocks Advance as Global Pressures Ease, Rate-Hike Nerves Shelved

Comment

Shutterstock photo

Wall Street went back on the offensive Wednesday, capitalizing on a calm in geopolitical pressures and easing rate-hike jitters in both the US and UK to push back into positive turf for 2014. Despite weak retail sales data and lackluster earnings, all three major indices closed higher. The Nasdaq Composite outperformed due to strength in biotech and chipmaker stocks. Although weakness in the retail sector weighed on the S&P 500 and Dow Jones Industrial Average, they pushed through resistance at 1,940 and 16,600, respectively.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com