Prices run higher but give up gains on concerns about the economy
The inital reaction was higher, but on reflection, no hikes in 2019 may not be good news for the economy/earnings. So gains were erased in the S&P and Dow stocks. The Nasdaq closed with modest gains.
The final numbers are showing:
- The S&P closed down -8.34 points or -0.29% at 2824.23. The high reached 2843.54
- The Nasdaq closed up 5.023 points or 0.07% at 7728.96. The high reached 7779.238
- The Dow fell -141.71 points or -0.55% at 25745.62. The high reached 25929.52