While you were sleeping September taper back in focus

Tue, 06 Aug 2013

By Margreet Dietz Aug 7 (BusinessDesk) - Wall Street fell a second day after two other US Federal Reserve officials suggested the central bank could begin easing its bond-buying program next month. In late afternoon trading in New York, the Dow Jones Industrial Average slid 0.62 percent, the Standard & Poor's 500 Index fell 0.59 percent and the Nasdaq Composite Index dropped 0.78 percent. Shares of International Business Machines, down 2.5 percent, Hewlett-Packard, down 2.1 percent, and United Technologies, down 1.4 percent, led the decline i...

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