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23 Sep 2014
Stocks end lower in Wall Street
FXStreet (Córdoba) - Equities in the US finished Tuesday in negative territory. The Dow Jones finished at 17,056, down 0.68% , the Nasdaq retreated 0.41% and the S&P 500 fell 0.57%, posting the third loss in a row.
Regarding economic data, better-than-expected economic data from China was offset by the weak PMI reading from the Eurozone. In the US, the preliminary reading of the manufacturing PM index was unchanged in September at 57.9, while according to the Federal Housing Finance Agency, home prices rose 0.1% in July.
The data from Europe and escalating tensions in Middle East weakened the demand for equities and supported US Treasuries sending yields lower.
Regarding economic data, better-than-expected economic data from China was offset by the weak PMI reading from the Eurozone. In the US, the preliminary reading of the manufacturing PM index was unchanged in September at 57.9, while according to the Federal Housing Finance Agency, home prices rose 0.1% in July.
The data from Europe and escalating tensions in Middle East weakened the demand for equities and supported US Treasuries sending yields lower.