Stocks are lower as the Dow flirts with 11,000
Stocks retreated Tuesday after a steady climb pushed the Dow Jones industrial average near 11,000 for the first time in 18 months.
There are few catalysts on the calendar that are likely to sway trading in the coming days as companies prepare to begin releasing first-quarter earnings next week. The Federal Reserve plans to release the minutes from its March 16 interest rate-setting committee meeting Tuesday afternoon. The Fed kept its key rate at a historic low during the meeting to continue its easy money policy to help generate growth.
Investors are looking for signs of when the Fed might hike rates to combat eventual inflation.
SAN DIEGO, April 6 /PRNewswire/ — Socialwise, Inc. (OTC Bulletin Board: SCLW) announced today that Grass Roots Research and Distribution – Cohen Independent Research (“Cohen Report”) issued an in-depth research report on the Company, which provides a 12-month Cohen Price Target of $1.52 per share. To download the report directly, please visit http://www.grassrootsrd.com/grassrootsrd/Reports/Socialwise_Inc_04_05_2010.pdf or go to www.grassrootsrd.com.