partlycloudy
Saturday August 29th, 2015 2:58PM

Stocks slide as Fed sticks with wind-down plan

By The Associated Press
NEW YORK (AP) -- The stock market closed lower Wednesday after the Federal Reserve signaled that it's still on track to slow its huge bond-purchasing program.

The stock market was already lower Wednesday after several retailers including Staples and American Eagle issued disappointing profit forecasts.

The Dow Jones industrial average fell 105 points, or 0.7 percent, to 14,897 points. The Dow extended its losing streak to six, its longest since July 2012.

The Standard & Poor's 500 index fell nine points, or 0.6 percent, to 1,642. The Nasdaq composite fell 13 points, or 0.4 percent, to 3,599.

The yield on the 10-year Treasury note rose to 2.89 percent from 2.82 percent as investors sold bonds.

Three stocks fell for every one that rose on the New York Stock Exchange. Trading volume was light.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
S&P 500 index has its best year since 1997
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
6:56PM ( 1 year ago )
Colorado readies for 'Green Wednesday' pot sales
Police were adding extra patrols around pot shops in eight Colorado towns that plan to allow recreational sales to anyone over 21 on Jan. 1.
1:52PM ( 1 year ago )
Kerry seeks framework for Mideast peace talks
A senior State Department official says Secretary of State John Kerry will try this week to get Israel and the Palestinians to agree on a framework for negotiating a final peace agreement, yet cautions against raising expectations for Kerry's latest round of shuttle diplomacy.
1:35PM ( 1 year ago )
U.S. News
Missing Ga. bank director arrested in Brunswick
A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia.
7:00PM ( 1 year ago )
Amtrak to suspend some Crescent service in Jan., Feb.
Amtrak service will shut down in parts of the Southeast for several days in January and February for rail maintenance by Norfolk Southern Railway.
9:00AM ( 1 year ago )
Lung cancer scans urged for some smokers, not all
Certain current or former heavy smokers should start getting yearly scans for lung cancer to cut their risk of death from the nation's top cancer killer, government advisers said Monday - even as they stressed that the tests aren't for everyone.
7:26AM ( 1 year ago )
Business News
Sex offender held in Hall County for failing to register
A 47-year-old man was booked into the Hall County Jail Tuesday, being held without bond for allegedly failing to register as a sex offender, his second such arrest.
6:09PM ( 1 year ago )
Pharmacy robberies may involve same suspect
Oakwood Police Tuesday afternoon released details in a pharmacy robbery they're investigating, similar to one that happened in the Hall County Tuesday morning.
5:46PM ( 1 year ago )
Victim critical following apartment fire
A 41-year-old woman was in critical but stable condition Tuesday after being rescued from an apartment fire in Forsyth County late Monday afternoon.
3:16PM ( 1 year ago )
Local/State News
Feeling US snub, Saudis strengthen ties elsewhere
Increasingly vocal in its frustration over U.S. policies in the Mideast, Saudi Arabia is strengthening ties elsewhere, seeking out an alignment that will bolster its position after it was pushed to the sidelines this year.
4:34PM ( 1 year ago )
NSA reportedly intercepts computer deliveries
A German magazine has lifted the lid on the operations of the National Security Agency's hacker unit, revealing how American spies intercepted computer deliveries, exploited hardware vulnerabilities, and even hijacked Microsoft's bug report system to spy on their targets.
12:31PM ( 1 year ago )
Rockets fired from Lebanon into Israel
Rockets from Lebanon struck northern Israel on Sunday, causing no injuries but sparking an Israeli reprisal shelling in a rare flare-up between the two countries.
12:26PM ( 1 year ago )
Politics
Experts: GOP candidates' tough talk doesn't always square with facts of US-China relationship
CHARLESTON, S.C. (AP) — If there was ever a week for the Republican presidential candidates to talk tough on China, this was it: Spurred by the stock market's wild ride, they lashed out at the world's most populous nation.
9:34PM ( 17 hours ago )
US consumer spending up moderate 0.3 percent in July, while incomes rise 0.4 percent
WASHINGTON (AP) — US consumer spending up moderate 0.3 percent in July, while incomes rise 0.4 percent.
8:30AM ( 1 day ago )
Democratic financial woes threaten party-building before presidential election year
MINNEAPOLIS (AP) — The Democratic National Committee barely has more cash than it does IOUs, and it is being outraised month after month by its Republican competitor.Its $24 million debt from the 2012...
6:11PM ( 1 day ago )
Health official: States should post local vaccination info
How many kids are vaccinated at your child's school? Federal health officials think you should be able to easily find out.
By The Associated Press
4:55PM ( 1 day ago )
US stocks end sharply higher; Dow up 369
U.S. stocks are closing sharply higher after China's main stock index logged its biggest gain in eight weeks. A report also showed that the U.S. economy expanded at a much faster pace than previously estimated.
By The Associated Press
4:33PM ( 1 day ago )