Seeking Alpha

Stocks slip but Nasdaq notches third straight weekly gain

  • Investors sit on their hands ahead of the weekend, sending the Dow and S&P to losses for the week while the Nasdaq and Russell 2000 posted weekly gains.
  • Stocks cut early advances after Dallas Fed's Richard Fisher said he would continue to promote the rolling back of the Fed's monthly asset purchases.
  • Telecoms and energy were the day's hardest hit sectors, while utilities and consumer discretionary fared best.
  • Existing home sales fell more than economists had forecast in January, the latest sign the housing market is buckling under higher mortgage rates and a severely cold winter.
  • Treasury prices rose after the report, and the yield on the benchmark 10-year note slipped 2 bps to 2.728%.
Comments (3)
  • al roman
    , contributor
    Comments (9244) | Send Message
     
    Address domestic infrastructure and income, probably start to reduce inventory and ramp up goods and services.
    21 Feb 2014, 07:10 PM Reply Like
  • Patent News
    , contributor
    Comments (1390) | Send Message
     
    it's alright, waiting it out will produce nice gains.

     

    buy the fear.
    21 Feb 2014, 08:06 PM Reply Like
  • markrpat
    , contributor
    Comments (216) | Send Message
     
    well, I guess there are no stocks on nasdaq. Whatever. I guess someone at SA was too stoned to come up with a better headline.
    21 Feb 2014, 08:25 PM Reply Like
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