Biggest drop for Wall Street, Share tips for 13 Nov, 2015

Share tips & calls

Share tips for today - The Wall Street suffered its worst session in over a month on yesterday as lower commodity prices weighed on energy & materials stocks and comments by a Federal Reserve policymaker signaled at an approaching interest-rate increment. The rout strikes all 10 major S&P sectors & pushed the Dow and S&P 500 below their 200-day moving averages, which some traders believe portends additional declines.

The Investors are keeping a watchful eye on whether the Fed in December will raise rates for the first time in nearly a decade, as is widely expected after recent strong jobs data.

In a speech on yesterday, Fed Chair Janet Yellen did not comment on the economy or the timing of a rate increment. But New York Fed President William Dudley told, "it is quite possible that the conditions the Committee has established to begin to normalize monetary policy could soon be satisfied."

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