While you were sleeping Wall Street flags

Wed, 20 Feb 2013

By Margreet Dietz Feb 21 (BusinessDesk) - The Standard & Poor's 500 Index retreated from a five-year high as disappointing US housing numbers failed to offer confidence. In afternoon trading in New York, the Dow Jones Industrial Average slipped 0.06 percent, the Standard & Poor's 500 Index fell 0.42 percent, while the Nasdaq Composite Index shed 0.55 percent. The S&P 500 yesterday closed at 1,530.94 the highest in five years and within 35 points of its all-time record high. "The market seems very tired and listless, and investors are prone t...

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