U.S. stocks slip amid fed plan concerns

“Stocks were lower Wednesday as concerns grew after a report suggested that the Federal Reserve’s next round of quantitative easing will be less agressive than expected,” CNBC.com reports.

“The Dow Jones Industrial Average was down more than 60 points,” CNBC.com reports. “The S&P 500 was lower, while the tech-heavy Nasdaq was slightly higher. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded around 20. Energy, materials and utilities fell, while financials and techs were the sector gainers.”

“The Fed is expected to reveal plans to purchase U.S. Treasury bonds worth a few hundred billion dollars over several months, according to the Wall Street Journal. Many market watchers had been anticipating a more significant attempt to boost economic growth with asset purchases,” CNBC.com reports. “The Fed meets next week and details of any stimulus are expected to be announced when the meeting wraps up Nov. 3.”

CNBC.com reports, “On the tech front, Apple [AAPL] said that it would delay release of its eagerly anticipated white iPhone again, this time until next spring. Meanwhile, Barnes & Noble [BKS] unveiled a color touch screen version of its Nook electronic reader as it seeks to catch up to the Kindle from Amazon.com.”

Full article here.

34 Comments

  1. “as it (the Nook) seeks to catch up to the Kindle from Amazon.com.”

    How can you catch up to something who’s sales figures are an unknown?
    Unless they are trying to catchup to Amazon’s spin!

  2. “as it (the Nook) seeks to catch up to the Kindle from Amazon.com.”

    How can you catch up to something who’s sales figures are an unknown?
    Unless they are trying to catchup to Amazon’s spin!

  3. “U.S. stocks slip amid fed plan concerns”

    It used to be if the U.S. economy sneezed, Europe would catch a cold.

    Now it’s if China sneezes, the U.S. catches a cold and Europe dies of pneumonia. Thank Clinton for selling out our economy to China, also getting the government into the housing mortgage market.

    Thanks to this Democratic session of Congress, who came in during the Bush years and pushed Frannie and Freddie into sub-prime, Alt A and other inferior mortgages to the tune of hundreds of billions in taxpayer losses and another 400 billion to go. Way more than any of the failed banks, GM, AIG, etc combined.

    Why is the Fed printing money? To deflate the currency and pay off the huge debt with cheaper dollars. This makes everything rise in price, from food, to fuel, to clothes to computers. Why gold was $400 a ounce is now $1300 a ounce.

    Thanks a lot you Democratic Keynesian pricks, you think that our economy is the whole economy, failing to consider that we import most things from other countries and they have a new customer for the worlds limited resources, China. Why even bother to sail across the Pacific or Atlantic anymore? The balance of power has shifted from the Western hemisphere to Asia, why Apple is knee deep in China and exporting to the US and Europe now.

  4. “U.S. stocks slip amid fed plan concerns”

    It used to be if the U.S. economy sneezed, Europe would catch a cold.

    Now it’s if China sneezes, the U.S. catches a cold and Europe dies of pneumonia. Thank Clinton for selling out our economy to China, also getting the government into the housing mortgage market.

    Thanks to this Democratic session of Congress, who came in during the Bush years and pushed Frannie and Freddie into sub-prime, Alt A and other inferior mortgages to the tune of hundreds of billions in taxpayer losses and another 400 billion to go. Way more than any of the failed banks, GM, AIG, etc combined.

    Why is the Fed printing money? To deflate the currency and pay off the huge debt with cheaper dollars. This makes everything rise in price, from food, to fuel, to clothes to computers. Why gold was $400 a ounce is now $1300 a ounce.

    Thanks a lot you Democratic Keynesian pricks, you think that our economy is the whole economy, failing to consider that we import most things from other countries and they have a new customer for the worlds limited resources, China. Why even bother to sail across the Pacific or Atlantic anymore? The balance of power has shifted from the Western hemisphere to Asia, why Apple is knee deep in China and exporting to the US and Europe now.

  5. @Mark Bizzarro

    Nice try blaming Clinton, but the reality is, every single person in the US sells out ever time they buy a product made in China. They have all our manufacturing jobs now and they are never coming back.

    But hey, why not, let’s save a buck and sell out our country in the process.

    Your entire post reeks of derp. Try watching less Fox News and do more reading and thinking on your own.

  6. @Mark Bizzarro

    Nice try blaming Clinton, but the reality is, every single person in the US sells out ever time they buy a product made in China. They have all our manufacturing jobs now and they are never coming back.

    But hey, why not, let’s save a buck and sell out our country in the process.

    Your entire post reeks of derp. Try watching less Fox News and do more reading and thinking on your own.

  7. “the market” reacts – what the market does is irrelevant to the economy, the nation, to apple, to me

    ….so unless MDN starts putting up articles about when the market has gone UP by 100s of points – which it has done plenty of times in the past two years – then this is just another case of MDN political bigotry

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