Wall Street lower for second day after rally, data, U.S. stocks were lower on Wednesday, with indexes on track for a second straight day of declines, as a recent rally gave investors reason to exercise caution.
After a sluggish start to the year, equities charged higher in February, helping send both the Dow and S&P to record highs on Monday, and the Nasdaq hurdled the 5,000 level for the first time in 15 years.
Economic data continued to point to a slowly accelerating U.S. economy, increasing the likelihood the U.S. Federal Reserve will begin to hike interest rates at some point this year.Read More
After a sluggish start to the year, equities charged higher in February, helping send both the Dow and S&P to record highs on Monday, and the Nasdaq hurdled the 5,000 level for the first time in 15 years.
Economic data continued to point to a slowly accelerating U.S. economy, increasing the likelihood the U.S. Federal Reserve will begin to hike interest rates at some point this year.Read More
