The Traderszone Network

Published in TZ Latest News 26 May, 2015 by The TZ Newswire Staff

Strong Dollar, Economic Data Spark Distribution Day

Stocks woke up in a foul mood Tuesday, partly due to better-than-expected economic data that put interest-rate hike worries back on the front burner. A strengthening U.S. dollar didn’t help matters. The Nasdaq lost 1.1%, while the S&P 500 gave back 1%. Volume on the NYSE and Nasdaq was below average but came in above Friday’s levels, resulting in a distribution day for both indexes. The Nasdaq ended below its May 14 closing price.

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