Posts Tagged ‘Profit Taking’
Wall Street Hit by Profit Taking
Wall Street
Stocks on Wall Street weakened due to exposure to profit taking. U.S. employment data (the U.S.) are far below expectations.
Attenuation suffered by uncle sam stock, ending an eight-day rally Nasdaq. Although all the major indexes on Wall Street slid, but in a week they managed to add points.
U.S. employment data only increased 18,000 in June, well below even the lowest expectations of analysts. It is surprising investors who had just put the funds in capital markets.