US STOCKS-Wall St ends flat as recent rally spurs caution

lunes 21 de marzo de 2016 16:54 GYT

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By Laila Kearney

New York, March 21 (Reuters) - Wall Street closed little changed on Monday as investors searched for fresh catalysts and showed concerns about fully-extended share prices after a five-week rally.

The session, which closed slightly higher and opened slightly lower, followed a market-friendly move by the U.S. Federal Reserve last week that pushed the S&P 500 and Dow into positive territory for the year.

"I think people are starting to become concerned about valuation here," said Stephen Massocca, chief investment officer at Wedbush Equity Management in San Francisco. "Given the rally that we've had over last few weeks, stocks are extended and susceptible to bad news."   Continuación...