The Market in Review
by Angie Hembury
The Major Indices had a rough start this week as they fell Monday on increasing emerging market concerns and worries over the upcoming Fed decision on the bond buying program. The Dow extended its losing streak to five consecutive trading sessions, losing 0.3%, while the S&P 500 and Nasdaq also tumbled, by 0.5% and 1.1%, respectively.
Earnings saved the day Tuesday with D.R. Horton (DHI), Ford (F) and Pfizer (PFE) reporting better-than-expected fourth quarter results. The Dow recovered 90.68 points, or 0.6%, the S&P 500 climbed 10.94 points, or 0.6%, and the Nasdaq picked up 14.35 points, or 0.4%.