While you were sleeping Wall Street slips from record

Thu, 19 Dec 2013

By Margreet Dietz Dec. 20 (BusinessDesk) – The Dow Jones Industrial Average was steady, after earlier in the session climbing to a record high, as investors digested mixed economic data and the Federal Reserve’s decision to begin easing its pace of bond-buying. The Fed said yesterday it will cut back its bond purchases to US$75 billion a month from US$85 billion next month. Both the Dow and the Standard & Poor’s 500 Index closed at record highs yesterday. In afternoon trading in New York today, the Dow was little changed, after earlier hitt...

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