Wall Street drifts lower
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
United States stocks closed broadly lower just a day after the S&P 500 inched into a record closing high.
The lacklustre trading moves were seen as a sign of profit taking in the wake of a strong run-up in stock prices over recent months. Investors are also wary about a reduction in US stimulus, which could be seen as early as next week.
At the closing bell, the Dow Jones Industrial Average was down 52.4 points, or 0.33%, to 15,973.13 points.
The broad-based S&P 500 shed 5.75 points, or 0.32%, to 1,802.62 points and the tech-rich Nasdaq Composite slipped 8.26 points, or 0.20%, to 4,060.49 points.
The slight pullback came after Wall Street scored modest gains on Monday despite Federal Reserve official James Bullard suggesting the central bank could take a small step next week to reel in its stimulus program.
There was little in the way of economic data overnight, though an economic growth revision saw Italy end a two-year recession, albeit thanks to a flat quarter.
Meanwhile, European Central Bank president Mario Draghi spoke, making the case that weak inflation in Europe wouldn't lead to a Japan-style deflationary period.
Elsewhere, US regulators backed the Volcker rule, which will tighten banking regulations in the country.