Bill Hall: Three-and-a-half months into 2014, stocks - as measured by the Dow Jones Industrial Average (INDEXDJX:.DJI) - are down about 1 percent for the year, leaving investors disappointed, especially after 2013′s 32-percent rise.
Look for a firm opening for the June E-mini Dow Jones Industrial Average today based on the overnight strength. The market is trading on the strong side of a minor retracement zone, putting it in a position to rally further.
At the closing bell, the Dow Jones Industrial Average dropped 98.89 points to finish at 16,268.99. The Nasdaq fell 60.69 points finish at 4,173.58, while the S&P 500 was down 13.06 points to settle at 1,852.56.