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4 Jun 2013
Wall Street closes lower on Fed uncertainty and recovery concerns
FXstreet.com (San Francisco) - The US stocks market closed around 0.50% down on Tuesday as investors are concerned about global recovery and the never-ending Fed debate on bond buying.
The Dow's decline ends 21 Tuesdays win streak. Market also focused on Japanese Prime Minister Shinzo Abe's growth strategy speech and his 2% inflation target through 2022.
The Dow Jones closed 76.49 points or 0.50% down to finish the day at 15,177.54. The S&P 500 eased 9.04 points or 0.55% to end at 1,631.38. And the Nasdaq Composite declined 20.11 points or 0.58% to 3,445.26.
The Dow's decline ends 21 Tuesdays win streak. Market also focused on Japanese Prime Minister Shinzo Abe's growth strategy speech and his 2% inflation target through 2022.
The Dow Jones closed 76.49 points or 0.50% down to finish the day at 15,177.54. The S&P 500 eased 9.04 points or 0.55% to end at 1,631.38. And the Nasdaq Composite declined 20.11 points or 0.58% to 3,445.26.