Bloomberg News

U.S. Stocks Retreat as Fed Sees QE Efforts Ending This Year

January 03, 2013

U.S. stocks retreated, erasing earlier gains, after minutes from the Federal Reserve’s last meeting showed policy makers said they will probably end their $85 billion monthly bond purchases sometime in 2013.

The Standard & Poor’s 500 Index lost 0.1 percent to 1,460.39 at 2:07 p.m. in New York after earlier gaining as much as 0.2 percent.

To contact the reporter on this story: Michael P. Regan in New York at mregan12@bloomberg.net

To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus