All Sections
Welcome guest, you have 3 views left.  Register| Sign In

Wall Street ends week flat, with eyes on Fed

NEW YORK — U.S. stocks ended Friday’s session little changed after a three-day drop, but logged their worst week in nearly four months on concern that the Federal Reserve could signal the start of a reduction in its stimulus program at its policy-setting meeting next week.

Investors in U.S.-based funds pulled $6.51 billion out of stock mutual funds in the week ended Wednesday, representing the biggest weekly outflow this year, data from Thomson Reuters’ Lipper service showed Thursday.
In a bullish signal, the S&P 500 closed Friday right above 1,775 — considered a technical support level. At less than 2 percent below its record closing high, the S&P 500’s pullback for the week shows no signs of investor panic, traders said.Investors have been trying to gauge the timing of an expected winding down of the central bank’s bond-buying stimulus, with many market participants expecting the Fed to announce a tapering in March. Stronger economic data of late, however, has led some to shorten that timeline to as soon as the end of next week’s two-day meeting.The Dow Jones industrial average rose 15.93 points or 0.1 percent, to end at 15,755.36. The S&P 500 dipped a mere 0.18 of a point or 0.01 percent, to finish at 1,775.32. The Nasdaq Composite added 2.572 points or 0.06 percent, to close at 4,000.975.


Post or View Comments 

NH Maple Weekend NH Maple Weekend
All Weekend

Sap Gathering Contest Sap Gathering Contest
Saturday, 10 a.m.

45th Annual NH Camping and RV Show 45th Annual NH Camping and RV Show
Friday, 1-8 p.m.,
Saturday, 10 a.m. - 8 p.m.,
Sunday, 10 a.m. - 5 p.m.

Ales for Tails Ales for Tails
Sunday, 1-5 p.m.

Follow us on Twitter Follow us on Facebook Follow our RSS feed
Union Leader app for Apple iPad or Android *
Click to download from Apple Apps StoreClick to download from Android Marketplace
* e-Edition subscription required

More Business

NH Angle