Monday 17 September 2012

Wall Street pauses after rally, geopolitics eyed

Traders work on the floor of the New York Stock Exchange NEW YORK (Reuters) - Wall Street stocks dipped on Monday after a rally that pushed the S&P 500 index to its highest level in nearly five years and investors focused on signs of weak growth and Middle East turbulence. Stocks rode a four-day streak last week to a 1.9 percent gain, powered by the Federal Reserve's new stimulus measures that could keep equities buoyed for months. The Fed's action followed a decision by the European Central Bank to support debt-ridden euro zone nations by purchasing their debt. ...




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