Wall Street Update: second round of quantitative easing from the Federal Reserve
Wall Street ended mixed on Monday after last week’s rally on a second round of quantitative easing from the Federal Reserve.
Investors seemed to take a second thought about after the rally, amid which all three indexes back to their pre-crisis level, as the recovery was fragile and the unemployment rate was still persistently high.
The market was also weighed by a stronger dollar, as concerns renewed on European debt problem.
The Dow Jones industrial average slipped 37.16, or 0.32 percent, to 11,406.92. The Standard & Poor’s 500 index fell 2.60 points, or 0.21 percent, to 1,223.25 and the Nasdaq was up 1.07 points, or 0. 04 percent, to 2,580.05.