Thursday, 8 February 2018

Wall Street fades in choppy trade after week's wild start.

NEW YORK (Reuters) - U.S. stocks ran out of steam on Wednesday after an early surge, in a sign that investors are still spooked by the market's recent retreat and wary more fallout is to come.

In an up-and-down session, the benchmark S&P 500 faded at the close after trading higher for much of the afternoon, following two days of big moves, including its largest single-day percentage loss in more than six years on Monday.

"Obviously there's a lot of concerned and nervous people. You might have had day traders trying to get out at the end of the day. Who knows what tomorrow brings," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.

While Wednesday's trading lacked the wild swings of the prior two sessions, the Dow industrials moved in a roughly 500-point range, more than three times the average daily swing over the past year.

By Lewis Krauskopf.

Full story at Yahoo News.

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