With traders taking a breather following the upward move seen over
the past few sessions, stocks continue to turn in a lackluster
performance in mid-day trading on Friday. The major averages are showing
only modest moves after ending Thursday's trading sharply higher.
Currently, the major averages remain on opposite sides of the unchanged line. While the Nasdaq is up 7.30 points or 0.2 percent at 4,757.70, the Dow is down 56.96 points or 0.3 percent at 17,757.02 and the S&P 500 is down 4.57 points or 0.2 percent at 2,058.58.
The choppy trading on Wall Street is partly due to uncertainty about the near-term outlook for the markets following the volatility seen thus far in the New Year.
Buying interest has recently been generated by optimism about additional stimulus from the European Central Bank, although questions remain about the effectiveness of the bank's expanded asset purchase program.
On Thursday, ECB President Mario Draghi said the bank will purchase 60 billion euros per month worth of securities, including investment grade sovereign bonds, beginning in March.
Read more Click here / www.trade4x.net
Currently, the major averages remain on opposite sides of the unchanged line. While the Nasdaq is up 7.30 points or 0.2 percent at 4,757.70, the Dow is down 56.96 points or 0.3 percent at 17,757.02 and the S&P 500 is down 4.57 points or 0.2 percent at 2,058.58.
The choppy trading on Wall Street is partly due to uncertainty about the near-term outlook for the markets following the volatility seen thus far in the New Year.
Buying interest has recently been generated by optimism about additional stimulus from the European Central Bank, although questions remain about the effectiveness of the bank's expanded asset purchase program.
On Thursday, ECB President Mario Draghi said the bank will purchase 60 billion euros per month worth of securities, including investment grade sovereign bonds, beginning in March.
Read more Click here / www.trade4x.net
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