Wednesday, 21 November 2012

U.S.MARKET UPDATE


Wall Street halted its two-day rally on Tuesday, after Federal Reserve Chairman Ben Bernanke said the central bank lacks tools to cushion the U.S. economy from the impact of the "fiscal cliff."

The Dow Jones industrial average slipped 7.45 points, or 0.06 percent, to 12,788.51 at the close. But the Standard & Poor's 500 Index edged up 0.93 of a point, or 0.07 percent, to finish at 1,387.82. The Nasdaq Composite Index inched up 0.61 of a point.  

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