Despite encouraging payroll data and yesterday's impressive
gains, Wall Street is hesitant ahead of today's afternoon release
of minutes from the last FOMC meeting as well as the December job
report on Friday. The Dow Industrials Average opened just two
points under Tuesday's close following a better-than-expected
increase in the ADP private payrolls report but soon reversed
course as investors positioned for the 2 p.m. release of details
from the Fed's decision last month to begin scaling back its
bond-buying stimulus program.
The tech-heavy Nasdaq Composite index is outperforming again
today, clinging to positive levels thanks to gains for Apple (
) and Micron Technology (
) as well as another record high for Google (
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.