cloudy
Monday August 31st, 2015 1:56PM

Stock market slips a day after record-setting run

By Derreck Booth Anchor/reporter
NEW YORK - Stocks closed mostly lower a day after the Federal Reserve surprised markets with a decision to keep its economic stimulus in place.

The Dow Jones industrial average fell 40 points, or 0.3 percent, to 15,636 Thursday.

The Standard & Poor's 500 index fell three points, or 0.2 percent, to 1,722 and the Nasdaq composite rose five points, or 0.2 percent, to 3,789.

The Dow and S&P 500 closed at record highs the day before.

The price of gold surged as traders anticipated that the Fed's decision to keep buying bonds could weaken the dollar or cause inflation.

The yield on the 10-year Treasury note rose to 2.75 percent.

Three stocks fell for every two that rose on the New York Stock Exchange. Volume was heavy at 3.7 billion shares.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
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 )
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 )
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
Truett-McConnell College purchases Cleveland Worship Center
It was a time of celebration Sunday night at Cleveland Worship Center, not just a time to worship the Lord, but a time to celebrate a partnership deal between the church and Truett-McConnell College.
11:56AM ( 2 hours ago )
Parolee faces drug trafficking charge, authorities seize meth. worth nearly $31,000
A parolee faces a trafficking methamphetamine charge after authorities said they found 11 ounces of the drug in his vehicle following a wreck earlier this month.
11:10AM ( 2 hours ago )
Gov. Deal proposes $50M more on pre-kindergarten
Gov. Nathan Deal said he wants to spend $50 million to reverse cuts to Georgia's pre-kindergarten program that increased class sizes and cut teacher pay.
By Associated Press
8:14AM ( 5 hours ago )
AAA: Lowest Labor Day gas prices in a decade
Motorists in the southeastern United States should find the lowest Labor Day gas prices in a decade.
By AccessWDUN staff
5:30AM ( 8 hours ago )
Ga., five other states partner to combat impaired driving
Law enforcement officials in six states, including Georgia, are launching their 24th annual "Hands Across the Border" campaign aimed at catching motorists driving under the influence.
By The Associated Press
7:57PM ( 17 hours ago )