FXstreet.com (Barcelona) – The US stocks market closed flat on Monday as investors’ confidence was fueled by Iran nuclear deal but cautions ahead November ending and pre-holiday season rebalancing.
Market was relocating positions ahead the end of the month while taking profit at high levels. Coincidentally, social media companies including Facebook (-3%), Twitter (-4.7%) and Linkedin (-1.6%) declined hard. The Nasdaq Composite touched the 4,000 key level for first time since the Dot-com crash
The Dow Jones added 7.77 points or 0.05% to finish the day at 16,072.54; the S&P 500 declined 2.28 pts or 0.13% to close the session at …read more