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14 Aug 2013
Wall Street declines on Fed's no 'yes-no answer'
FXstreet.com (San Francisco) - The US stocks market closed lower on Wednesday as investors are cautious on Fed uncertainty on when the central bank is planning to start the reduction of its QE program. The Dow performed its worst day since June 28 and closed at 1-month low. The S&P 500 ended at 2-week minimums.
"The committee still needs to see more data on the macroeconomic performance for the second half of 2013 before making a judgment on this matter," St. Louis Federal Reserve President James Bullard said in prepared remarks.
The Dow Jones declined 113.35 points or 0.73% to finish the day at 15,337.66. The S&P 500 eased 8.77 points or 0.52% to 1,685.39. And the Nasdaq composite lost 15.17 pts or 0.41% to 3,669.27.
"The committee still needs to see more data on the macroeconomic performance for the second half of 2013 before making a judgment on this matter," St. Louis Federal Reserve President James Bullard said in prepared remarks.
The Dow Jones declined 113.35 points or 0.73% to finish the day at 15,337.66. The S&P 500 eased 8.77 points or 0.52% to 1,685.39. And the Nasdaq composite lost 15.17 pts or 0.41% to 3,669.27.