While you were sleeping Dudley sends Wall Street lower

Tue, 02 Jul 2013

By Margreet Dietz July 3 (BusinessDesk) - Wall Street fell, giving up earlier gains, as comments by Federal Reserve Bank of New York President William Dudley suggested the central bank might reduce monetary stimulus provided by its bond-buying program. "I believe a strong case can be made that the pace of growth will pick up notably in 2014," Dudley told the Business Council of Fairfield County in Stamford, Connecticut. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.62 percent, the Standard & Poor's 500 Index...

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