While you were sleeping Stocks, bonds fall before Fed

Mon, 29 Jul 2013

By Margreet Dietz July 30 (BusinessDesk) - Wall Street weakened as investors awaited more details from US Federal Reserve policy makers on paring back their bond buying at a two-day meeting starting tomorrow. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.15 percent, as declines in shares of Bank of America, last 1.3 percent weaker, and Chevron, last 1 percent lower, weighed on the index. The Standard & Poor's 500 Index shed 0.24 percent, while the Nasdaq Composite Index dropped 0.18 percent. US Treasuries als...

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