A Little Breather

While yesterday saw major gains by all indexes, today was a pause in the action. The Federal Reserve is assessing data to determine the direction of the economy. They note "modest" growth. They also note "no sign" of inflation-- whew! Housing is still weak. No surprise there. The response for investors was one of caution. NASDAQ backed up the most, giving up almost 1/2%, but large-caps just dipped slightly. Slight movements in either direction are welcome sights after the previous week's roller coaster ride. DJIA -15.14 NASDAQ -10.50 S&P 500 -3.44