Wall Street lower for second day after rally, data
After a sluggish start to the year, equities charged higher in February, helping send both the Dow and S&P to record highs on Monday, and the Nasdaq hurdled the 5,000 level for the first time in 15 years. Economic data continued to point to a slowly accelerating U.S. economy, increasing the likelihood the U.S. Federal Reserve will begin to hike interest rates at some point this year. I don’t think the market is particularly overvalued or particularly expensive but it’s not cheap," s
Read more »