“The market is starting to trend down after earnings” season finishes up, said Keith Springer, president of Springer Financial Advisors. “There’s no more good news to push the market higher immediately, so we’re seeing some backing and filling movement here.”
US Stocks Edge Lower; Investors Retreat After Streak
Feb. 9, 2011, 2:16 p.m. EST
By Jonathan Cheng
NEW YORK (MarketWatch) — U.S. stocks slipped Wednesday, as investors balanced a pair of positive blue-chip earnings reports against concerns that the market may be set for a breather after seven straight days of gains.
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