Wednesday, June 19, 2013

FAIRFIELD-SUISUN, CALIFORNIA

99 CENTS

Stocks fade after Fed discloses split on stimulus

By The Associated Press
From page B9 | January 04, 2013 | 1 Comment

NEW YORK — A two-day rally in the stock market came to an end Thursday afternoon when an account of the Federal Reserve’s last meeting revealed a split between bank officials over how long the Fed should keep buying bonds to support the economy.

The Dow Jones industrial average and the Standard & Poor’s 500 index treaded water for much of the day, then slid into the red around 2 p.m. Eastern, after the Fed released the minutes from its December meeting.

The Dow ended with a loss of 21.19 points at 13,391.36.

The S&P 500 lost 3.05 points to 1,459.37 and the Nasdaq composite fell 11.70 to 3,100.57.

The Associated Press

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