Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Stock turn lower Wall Street as traders consider when Fed will slow stimulus

NEW YORK, N.Y. – Stocks are ending lower on Wall Street as traders consider when and how much the Federal Reserve will slow down its economic stimulus.

The Dow Jones industrial average ended down 76 points at 15,177, a decrease of 0.5 per cent.

The Dow recovered much of an early loss of 153. Traders worried that the Fed might slow down its bond purchases earlier than expected.

The Standard & Poor’s 500 fell nine points to 1,631, or 0.6 per cent. The Nasdaq fell 20 points to 3,445, a loss of 0.6 per cent.

General Motors rose 1.6 per cent on news that the company will be added to the S&P 500 index Thursday, replacing Heinz.

Three stocks fell for every two that rose on the New York Stock Exchange. Volume was average at 3.6 billion shares.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles