After last week’s rally, US stock indices failed to continue the bearish trend on Monday. It was a retracement day for the US stock market.
For reference, the market was rallying last week due the Federal Reserve’s decision to start another round of quantitative easing (QE3).
As of September 17th:
· NASDAQ dropped 0,17% down to 3178,67
· S&P 500 was 0,31% down to 1461,19
· Dow Jones declined by 0,30% down to13553,10
The chart below, courtesy of , reflects the current state of affairs in the market of S&P 500:
