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Tuesday, April 5, 2016

Wall Street pulls back after recent rally

Epic Research Update : US Markets

Wall Street pulls back after recent rally US stocks ended weaker on Monday, pulling back from a recent rally that took them to new 2016 highs, as losses in commodity-related and industrial shares offset gains in healthcare. The S&P materials sector fell 1 percent after copper prices touched their lowest in a month, while energy shares slipped with oil prices.
The Dow Jones industrial average closed down 55.75 points, or 0.31 percent, to 17,737, the S&P 500 lost 6.65 points, or 0.32 percent, to 2,066.13 and the Nasdaq Composite dropped 22.75 points, or 0.46 percent, to 4,891.80.
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