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Market recap: Stocks staged a mild retreat from record highs as talk of a Fed wind-down from its...

Market recap: Stocks staged a mild retreat from record highs as talk of a Fed wind-down from its bond-buying program grows louder. Downbeat reports on jobless claims and housing starts weighed on sentiment at the open. Most S&P sectors fell, led by health care and utilities, while techs rallied after Cisco (+12.5%) topped expectations. Treasurys rose, pulling the 10-year yield to 1.87%.
Comments (4)
  • Or you could just say the 50 2 minute moving average broke down through the 200 2 minute moving average for the first time in 7 days....
    16 May 2013, 04:15 PM Reply Like
  • that would be way too technical for most people...
    16 May 2013, 05:32 PM Reply Like
  • Saying the bulls are about to crap bricks is more to the point
    16 May 2013, 06:35 PM Reply Like
  • Fed says it's getting time to fly the nest,I've nurtured you enough !
    17 May 2013, 05:50 AM Reply Like
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