Market Watch: 2014 Off to a Bearish Start

Wall Street continued to stay true to the 2014 theme as stocks ended the first week of trading down and not nearly as bullish as 2013,

Again, it may be too quick to start speculating on the psyche of investors just yet, as it understood that trading volume is low due to the holiday break as well as the monstrous snow storm that hit the north east at the end of the week.

 

The Dow Jones finished at 16,469.99 (+0.17%)

The S&P 500  finished at 1,831.37 (-0.03%)

The Nasdaq finished at 4,131.91 (-0.27%)

Starting Monday, we can start taking the trading numbers seriously as investors should be back in the full swing of things and ready to reveal what the consensus is regarding the trust in the stock market.

One of the most anticipated events tied to the market is set to take place this month, as the Federal Reserve announced last week that it intends to pull back on the stimulus program that has been driving the markets for the past few years. On top of that, Ben Bernanke is set to leave office in less than a month, adding more uncertainty in the mind of investors as they enter 2014.

Stay updated on our Market Watch  series as we keep our finger on the pulse of what we can expect in 2014.

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 20 hours ago
Phil Cannella
Phil Cannella

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