U.S. Stocks Fall Back from Yesterday’s Rally (Bloomberg)
After rising to record highs yesterday on the news that the Federal Reserve will continue its current quantitative-easing policy, stocks fell today. “It’s been essentially a bleeding off of some of the party atmosphere from yesterday,” Kevin Caron, a Florham Park, New Jersey-based market strategist at Stifel Nicolaus & Co., said. “At some point the market’s got to take a breather and I think today’s that day. There’s no real catalyst today in the data.”
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