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Wall Street ends lower, but able to bounce off support

Started by riky, February 06, 2014, 09:00:20 AM

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riky

Wall Street ends lower, but able to bounce off support

<p><a href="http://news.yahoo.com/futures-dip-modestly-ahead-private-jobs-data-125253313--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/ByiaXSbAIBbKOqGt4dd_sQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-02-05T211429Z_2_CBREA140ZS800_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks slipped on Wednesday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week. U.S. data is being closely watched after a weak reading in the factory sector on Monday sent Wall Street into a tailspin and triggered a global equity selloff. &quot;Clearly, we are getting that support off that 1,740 area, which has held so far this week, at least,&quot; said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati.</p><br clear="all"/>

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