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24 Dec 2014
Wall street closing: Merry Christmas from Wall Street
FXStreet (Guatemala) - As we close for Christmas, Stocks on Wall Street erased the gains in the last moments of the markets this week.
This put an end to a five-day run of gains in the Dow that crossed above 18,000 for the first time. The S&P 500 ended up at 2,081 falling to just 0.2%.
The US data of late has been the instigator for a positive end to the year while stocks have been supported on the Fed and their intentions for 2015. The focus from here will remain with the Fed and timings of a rate hike in the US while geopolitical tensions may be a risk that we will remain cautious around.
This put an end to a five-day run of gains in the Dow that crossed above 18,000 for the first time. The S&P 500 ended up at 2,081 falling to just 0.2%.
The US data of late has been the instigator for a positive end to the year while stocks have been supported on the Fed and their intentions for 2015. The focus from here will remain with the Fed and timings of a rate hike in the US while geopolitical tensions may be a risk that we will remain cautious around.