While you were sleeping Equities extend slide

Wed, 12 Jun 2013

By Margreet Dietz June 13 (BusinessDesk) - Wall Street fell as investors found little to soothe their nervousness over a potential downgrade of the US Federal Reserve's bond-buying program. In late afternoon trading in New York, the Dow Jones Industrial Average dropped 0.84 percent, the Standard & Poor's 500 Index fell 0.74 percent and the Nasdaq Composite lost 1.03 percent. "There just isn't much news to offset the potential negative of what will eventually happen, which is the Fed tapering off. You don't have fundamental evidence that the...

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