Tuesday 16, October 2012 by Bob Doll
More Market Choppiness Ahead, but Long-Term Outlook Remains Strong
Following several months of gains over the summer, stocks have been trading more-or-less in a sideways fashion for the last five weeks as investors have been engaging in some profit taking. Last week, there was little change in fundamentals, but stocks nonetheless experienced some declines. The Dow Jones Industrial Average fell 2.1% to 13,328, the S&P 500 Index declined 2.2% to 1,428 and the Nasdaq Composite dropped 2.9% to 3,044.
