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Wall Street Relinquishes Gains as Tech Shares Pull US Markets Lower

Wall Street lost its grip on new highs established during the previous trading session on Friday, as the major US indices and exchanges stumbled to close out the week on a particularly low note.
At www.ValuEngine.com we show that the Transportation sector is 18.2% overvalued with the Shipping industry 39.3% overvalued. All 18 stocks in today’s table have complete ValuEngine data and
Initial Jobless Claims rose to 367,000 staying above the 350,000 recessionary threshold. Factory Orders fell 5.2% in August the biggest drop since January 2009. Freddie Mac set its 30-year fixed