Wall Street closed down but recovered from lows; risk aversion

By FXstreet.com | July 10, 2014 AAA

FXStreet (San Francisco) - The US stocks market closed down on Thursday after opening with big losses but recovering it throughout the whole session. Investors' confidence was hurt by Portugal's banks problems and fears of spreading into the entire Eurozone.



The Dow Jones lost 70.22 points or 0.41% to finish at 16,915.39; the S&P 500 declined 8.14 points or 0.41% to close at 1,964.69; while the Nasdaq Composite eased 22.83 pts or 0.2% to 4,396.20.



The currency market traded on appetite-for-safe-havens mode with the Dollar gaining ground against the Euro but losing versus the Sterling and Yen. Gold rose to 3-month highs.



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