Wall Street in the red on Fed fuelled supply
|Wall Street closed in the red today as markets continue to presume that the Fed will raise rates this year on the back of less dovish remarks of late again from Fischer.
There was also a decline in oil prices in a supply driven market as the greenback continued on its Fed fuelled advance with the DXY breaking onto the 96 handle. The S&P 500 index finished down 4 points, or 0.2%, at 2,176 while the Dow Jones Industrial Average lost 49 points, or 0.3%, at 18,454. Lastly, the Nasdaq Composite Index lost 9 points, or 0.2%, to close at 5,223.
Fed: You can't handle the truth!
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