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U.S. Stocks fall again, speculation Fed will end it’s stimulus soon

August 21, 2013

Wall Street falls after Fed minutes yield few clues

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S&P 500 Performance today

S&P 500 Performance today

Summary:

  • 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.

 

 

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