Categories: U.S. Investing

Wall Street Ends Near Flat; Pulls Back for the Week

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Wall Street Ends Near Flat; Pulls Back for the Week (Reuters)

Investors hoping for the market to shake off concern that the Fed may begin taping its easy-money policies in the wake of improving economic data will need to wait until at least next week, with stocks ending nearly flat today after a three-day drop that resulted in the worst week for the market in nearly four months. The U.S. stock market may be in a bit of a holding pattern until next week’s Federal Reserve’s policy-setting meeting. In today’s trading, the Dow Jones industrial average rose 15.93 points, or 0.1 percent, to 15,755.36, the S&P 500 Index lost 0.18 points, or 0.01 percent, to 1,775.32, and the Nasdaq Composite added 2.572 points, or 0.06 percent, to 4,000.975.

Paul Dykewicz

Paul Dykewicz is the editor of StockInvestor.com and the editorial director of Eagle Financial Publications in Washington, D.C. He writes and edits for the website, as well as edits investment newsletters, time-sensitive trading alerts and other reports published by Eagle. He also is an accomplished, award-winning journalist who has written for Dow Jones, USA Today and other publications, as well as served as business editor of a daily newspaper in Baltimore. In addition, Paul is the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain." He received his MBA in finance from Johns Hopkins University, where he was a two-time president of the school's Finance Club. In addition, Paul has a bachelor's degree from the University of Michigan and a master's degree in journalism from Michigan State University. Outside of work, Paul volunteers with a faith-based organization to assist the poor in Southeast Washington, D.C., to learn personal finance skills to lift themselves out of debt.