US stock market ends mostly lower

[Omaha Steve]

Source: AP-Excite

By STEVE ROTHWELL

NEW YORK (AP) — The U.S. stock market edged mostly lower on Wednesday, easing back from its latest all-time highs.

The markets barely budged following the midafternoon release of minutes from the Federal Reserve's January meeting. The transcript showed that policymakers were less likely to raise interest rates in June than investors previously thought.

The decline follows two straight days of record closing highs for the Standard & Poor's 500 index.

"The market had really gathered steam around a June tightening date, the minutes seem to have walked that back a bit," said David Lafferty, chief market strategist at Natixis Global Asset Management.

FULL story at link.



FILE - This Jan. 4, 2010 file photo shows an entrance to a Wall Street subway station in New York. U.S. stocks are opening lower Wednesday, Feb. 18, 2015 as energy companies fall along with crude oil prices. (AP Photo/Mark Lennihan, File)

Read more: http://apnews.excite.com/article/20150218/financial_markets-d4fb083163.html

[Warpy]

1. The Dow is still over 18,000

so yes, it's panic time!

Micromanaging morons slay me.

Wake me up when it starts dropping 1000 points a day, heading away from hyperinflation toward a more rational value. It will happen.

But not today.

[SheilaT]

2. Yep. Still above 18,000.

I've noticed that here on DU when there's a drop of 100 points, some people here will panic and say the market has dropped 10%.

I'm with Warpy. Wake me when it falls over 2,000 points in a day. Meanwhile, my investments are purring along quite nicely.