Wall Street pauses near record levels awaiting Fed meeting

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NEW YORK (AFP) - US stocks swung to a split finish on Friday (Sept 13), closing little changed as investors took a breather following an extended rally driven by hopes for a letup in the US-China trade war.. Read more at straitstimes.com.

NEW YORK - US stocks swung to a split finish on Friday , closing little changed as investors took a breather following an extended rally driven by hopes for a letup in the US-China trade war.

The broader S&P 500 turned negative, falling 0.1 per cent to end at 3,007.39, while the Nasdaq sank 0.2 per cent to finish at 8,176.71. Adam Sarhan of 50 Park Investments told AFP the day's subdued trading was a"normal and healthy action after a big rally.""The Fed meets next week and before a big meeting it is normal to see the market pause a little bit. They are waiting for the next big catalyst."

Source: News Formal (newsformal.com)

 

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