Wall Street News

Wall Street News

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U.S. stocks down for the second straight day, because…

Summary:

  • Stocks dropped 1 percent on Wednesday
  • Investors concerned that the Federal Reserve may begin to stop funding stimulus into an “sluggish” economy. U.S. central bank may decide to taper its stimulus in the next few policy meetings if data shows the economy is improving to the point that it no longer needs the stimulus
  • The materials index fell 2.1 percent as the day’s worst performer.
  • The Dow and Nasdaq registered their biggest percentage drops in about six weeks
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June 5, 2013

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