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What Pullback? S&P 500 Climbs To Fresh Highs

Stock Market

The Federal Reserve says it may start dialing back asset purchases this summer, but Wall Street doesn't seem worried Wednesday with stocks flying Wednesday and driving the major averages to fresh nominal highs.

 

Stocks slide in reaction to hiring slump in March

Stocks are pulling back sharply on Wall Street as investors get their first chance to react to a slowdown in hiring in the United States in March. The Dow Jones industrial average dropped 152 points to 12,908 shortly before noon Monday. The Standard & Poor's 500 index was off 18 at 1,380, and the Nasdaq composite lost 36 points to 3,044.

 

This may be week stocks' rally runs out of gas

Without a boost from Washington or data showing budding strength in the economy, Wall Street's rally may be running out of fuel as the S&P 500 eases off its 2010 high.

 

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