Wall Street pauses after recent rally $GBPUSD
- Published: 14 May 2013
- US Stocks closed little changed overnight; pausing after hitting record highs last week as strength in the healthcare sector helped to keep declines in check with the sector’s index climbing 0.7%.
- The flat close overnight follows a third straight week of gains on the major indexes, with both the Dow Jones and the S&P 500 setting record closing highs last week. The S&P 500 remains up 14.5% for the year so far, closing at 1633.77.
- Healthcare group gainers included Pfizer (PFE), up 2.3% at $29.37 and Gilead (GILD), up 3.1% at $54.47.
- The Chicago Board Options Exchange Volatility Index (VIX) fell 0.3% to 12.55. The equity volatility gauge is down 30% for the year.
- DOW -0.18% S&P500 0.00% and NASDAQ +0.06%
- The US Dollar climbed 0.7% against the Australian Dollar at 5 p.m. New York time, to 99.52 cents relative to the AUD. The dollar reached 99.41 cents throughout the session, the strongest level since June 14.
- West Texas Intermediate oil fell for a third day as China’s crude processing reached the lowest level in eight months in April.
