Week Economic Data Leads Wall Street To Retreat
According to Reuters, weak economic data led investors to take a few steps back from Wall Street.
By the afternoon on Feb.
21st, the top three markets on the New York Stock Exchange shed their gains from the previous day.
After the Commerce Department said new orders for capital goods fell in December, the markets slightly retreated.
The Dow Jones Industrial Average was down about 64-points, falling to 25,890.
The Nasdaq Composite shed 10-points during morning trading, while the S&P 500 dropped 5-points.
For the S&P, eight of its top eleven sectors were trading lower.
The S&P's energy sector led losses for the morning because oil prices fell.