While you were sleeping Investors await Fed

Tue, 30 Jul 2013

By Margreet Dietz July 31 (BusinessDesk) - Disappointing earnings hurt shares of companies including Occidental Petroleum, last down 3.3 percent, and Coach, last 8.3 percent weaker. There were positive earnings surprises too such as for Pfizer, helping lift its shares 0.68 percent. Overall Wall Street was mixed as Federal Reserve policy makers began a two-day meeting today, and investors are keen for fresh clues about the outlook for the central bank's US$85 billion-a-month bond-buying program that may be provided on Wednesday. None of the...

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