Thursday, 19 September 2013

INQUIRER.net: US stock market slips after record-setting day

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US stock market slips after record-setting day
Sep 19th 2013, 22:41

NEW YORK—The US stock market paused Thursday as investors tried to figure out what to do next following the Federal Reserve's decision to hold steady on its stimulus for the economy.   The Dow Jones industrial average and Standard & Poor's 500 index pulled back from their record highs the day before. Gold, historically a haven for nervous investors, had its biggest one-day jump since the onset of the financial crisis in September 2008.   Many investors had expected the central bank scale back its $85 billion in monthly bond purchases, but the Fed said it first needed to see more evidence that the economy was improving.   The question now is whet...

Keep on reading: US stock market slips after record-setting day

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