While you were sleeping Stimulus outlook sinks stocks

Tue, 11 Jun 2013

By Margreet Dietz June 12 (BusinessDesk) - Equities on Wall Street and in Europe fell as the Bank of Japan's decision to keep its monetary policy program unchanged disappointed those who had hoped for extra measures and underpinned concern the US Federal Reserve might taper its stimulus. In late afternoon trading in New York, the Dow Jones Industrial Average shed 0.5 percent, the Standard & Poor's 500 Index dropped 0.81 percent and the Nasdaq Composite fell 0.85 percent. "I think starting to take central bank stimulus off the table, or at le...

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