- U.S. stocks decline after clues from the Federal Reserve meeting in July that the $85 Billion stimulus that’s being pumped into the economy will slowly stop soon, because they see data that the economy is improving and no longer needs the stimulus.
- The Dow has fallen for six straight sessions, matching the longest losing streak since July 2012.
- Retailers were in focus for a second consecutive day, with earnings reports from Lowe’s, Target and others. The S&P retail index (.SPXRT) fell 0.8 percent because retailers failed to meet analysts expectations on earnings.
Categories: Equity Capital Markets