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Wall Street decline continues, all eyes on Fed

August 19, 2013

Wall Street ends down for fourth session; eyes on Fed

chart.aspsp

S&P 500 August 19 2013

Summary:

  • U.S. stocks declined Monday due to investors losing confidence and being hesitant about when the Federal Reserve will stop their monthly $85 Billion stimulus, many analysts expect that to change at the Fed’s September policy meeting. Investors are speculating that the Federal Reserve will slow down the stimulus starting September after the Federal Reserve meeting in September 18th.
  • The Fed’s policy of buying large amounts of bonds in an attempt to keep interest rates low has been a major force in the nearly 16 percent gain in the benchmark S&P 500 for the year.

 

 

 

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