While you were sleeping: Stocks extend slide

Tue, 08 Jul 2014

By Margreet Dietz July 9 (BusinessDesk) - Wall Street slid for a second straight day from record highs as investors locked in profits ahead of the minutes of the latest US Federal Reserve meeting scheduled for release on Wednesday to gauge the timing of a rate increase. Investors are also focused on the US second-quarter earnings season, unofficially kickstarted with Alcoa’s quarterly results after the market close on Tuesday. In late afternoon trading in New York, the Dow Jones Industrial Average shed 0.60 percent, the Standard & Poor...

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