While you were sleeping Stocks extend decline

Thu, 21 Feb 2013

By Margreet Dietz Feb 22 (BusinessDesk) - Wall Street extended losses for a second day amid concern the Federal Reserve's stimulus for the US economy might end sooner than expected, while the latest data on euro zone services and manufacturing output showed a larger-than-expected contraction. Minutes from the latest Fed meeting called into question the size and duration of the central bank's bond-buying program at a time when the signals about the recovery in the world's largest economy remain mixed, while the euro zone shows signs of further...

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