While you were sleeping US equities decline

Wed, 26 Mar 2014

By Margreet Dietz March 27 (BusinessDesk) – Wall Street slid amid reports showing weakness in the outlook for US business spending, renewing concern the colder-than-usual winter might have slowed the pace of recovery in the world’s largest economy after all. In afternoon trading in New York, the Dow Jones Industrial Average fell 0.28 percent, the Standard & Poor’s 500 Index dipped 0.11 percent, while the Nasdaq Composite Index shed 0.69 percent. Declines in shares of IBM and JPMorgan Chase, last down 1.4 percent and 1.2 percent respectively,...

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