Wednesday, May 14, 2014

Epic Research Singapore : S&P Market News Update

We didn't see much of a followthrough from yesterday's runup. That started a discussion as to whether the economy was going to bounce back as strongly as some folks had been expecting.

The Dow and the S&P 500 eked out record closing highs again on Tuesday, while the Nasdaq resumed its recent slide, dragged down by shares of Cisco.
 
The S&P 500 briefly rose above 1,900 for the first time early in the session, but quickly gave back some of its gains. In contrast, the Russell 2000 index of small-cap stocks fell 1.1 per cent.

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