Wall Street's Five-Day Rally Ends

According to Reuters, Wall Street fell slightly on Friday, breaking it's five-session rally. Traders watched as energy shares dropped and investors looked ahead to a hopeful increase in profits during "earnings season". Donald Selkin, Chief Market Strategist at Newbridge Securities in New York said;“We’ve clawed our way back and now the market is just waiting ahead of the start of earnings season next week". The S&P 500 posted no new 52-week highs and no new lows; the Nasdaq Composite recorded 20 new highs and 9 new lows while advancing issues outnumbered declining on the NYSE by a 1.23-to-1 ratio; on Nasdaq, a 1.18-to-1 ratio for advancers.


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