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U.S. stocks end mixed with DOW, NASDAQ in decline. S&P 500 gains

October 28, 2013

US stocks open mixed following latest record high

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Monday October 28th 2013

  •  Dow Jones industrial average slightly lower after reporting a 35 per cent plunge in profits because of competition from generic drugs.
  • S&P 500 gain as expectations were high that the Federal Reserve will keep its stimulus in place when it meets this week.
  • Investor expectations that the Fed will keep stimulus measures in place for at least several months because of the 16-day shutdown have propped up prices. Fed policymakers will meet on Tuesday and Wednesday.
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