While you were sleeping: Stocks languish

Tue, 07 Mar 2017

By Margreet Dietz March 8 (BusinessDesk) - Wall Street slipped, as did US Treasuries, as investors prepared for the Federal Reserve to raise interest rates when they gather next week. Traders are pricing in a 98 percent chance of a hike at next week’s Fed meeting, according to Bloomberg. Wall Street weakened. In 1.22pm trading in New York, the Dow Jones Industrial Average slipped 0.07 percent, while the Nasdaq Composite Index inched 0.01 percent lower. In 1.08pm trading, the Standard & Poor’s 500 Index declined 0.16 percent. US Tr...

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