Wall Street hits ‘pause’ after two-day surge

Wall Street hits pause after two-day surge Wall Street treaded water on Thursday following two days of strong gains as advancing utilities offset declines in materials, banks and other cyclical industries. 

Investors this week have grown more comfortable with expectations the Federal Reserve could raise interest rates as soon as June, with many taking the view that such a hike would reflect improvement in the country’s economy.

The Dow Jones industrial average dipped 23.22 points, or 0.13 percent, to end at 17,828.29 points and the S&P 500 edged down 0.44 points, or 0.02 percent, to 2,090.1. The Nasdaq Composite added 6.88 points, or 0.14 percent, to 4,901.77.

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Posted in: Indian Market Tips