Wednesday 21 August 2013

INQUIRER.net: US stocks fall as Fed’s tapering timeline stays unclear

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US stocks fall as Fed's tapering timeline stays unclear
Aug 21st 2013, 22:53

NEW YORK CITY—US stocks finished a choppy day lower Wednesday after minutes from the Federal Reserve's last policy meeting gave no more clarity on the central bank's plans for its stimulus program.   The Dow Jones Industrial Average fell 105.44 (0.70 percent) to 14,897.55.   The broad-based S&P 500 dropped 9.55 (0.58 percent) to 1,642.80, while the Nasdaq Composite Index gave up 13.80 (0.38 percent) at 3,599.79.   Minutes of the July 30-31 meeting of the Federal Open Market Committee showed the Fed continued to debate the timing of pulling back its $85 billion per month in bond-buying purchases.   Art Hogan, head of product strategy a...

Keep on reading: US stocks fall as Fed’s tapering timeline stays unclear

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