5 Dec 2013
Wall Street extends decline on taper concerns
FXstreet.com (San Francisco) - No Santa Claus' rally in Wall Street at least in the early December as investors are concerned about an imminent Fed's bond buying taper in December or January amid stronger than expected economic data.
The Dow and the S&P declined for fifth day in a row with all 10 S&P sectors down on Thursday ahead of Friday's US employment report that could show the jobless rate as low as 7.0% adding pressure to the taper decision.
The Dow Jones declined 68.26 pts or 0.43% to finish the day at 15,821.51. The S&P 500 eased 7.78 pts or 0.43% to close at 1,785.03. The Nasdaq Composite lost 4.84 pts or 0.12% to 4,033.16.
The Dow and the S&P declined for fifth day in a row with all 10 S&P sectors down on Thursday ahead of Friday's US employment report that could show the jobless rate as low as 7.0% adding pressure to the taper decision.
The Dow Jones declined 68.26 pts or 0.43% to finish the day at 15,821.51. The S&P 500 eased 7.78 pts or 0.43% to close at 1,785.03. The Nasdaq Composite lost 4.84 pts or 0.12% to 4,033.16.