View full page at forexfactory.com

 

No new records today: Dow drops 100 points

From money.cnn.com

Investors didn't just hit the pause button Wednesday, they hit the reverse one. Backing away from three consecutive record closes, the Dow tumbled about 100 points on Wednesday. The selling didn't appear to be triggered by any specific new concerns, but it does represent a pause from the recent ascent. "Everybody is just taking a breather here. The market never goes straight up," said Randy Frederick, managing director of trading at Charles Schwab (SCHW, Fortune 500). The Dow, S&P 500 and Nasdaq all closed firmly in the red. The slide halted the Dow's five-day winning streak. Many of the names leading the drop sell ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News