“Stocks added to losses Wednesday following the Federal Reserve’s meeting minutes, amid ongoing worries over Greece, and as Apple traded near [currently below: -$10.16, or -1.99%, to $499.30 – MDN Ed.] session lows,” JeeYeon Park reports for CNBC.com.
“Apple slid to sit near the lows of the day, weighing on the S&P and Nasdaq,” Park reports. “The iPad maker had been trading higher, crossing the $475 billion market cap mark earlier this morning.”
Park reports, “The Fed minutes showed a few officials in January felt another round of bond buying would be needed before long to support the U.S. economy. The debate took place at a meeting in which the Fed decided to hold its benchmark interest rate at record lows until at least late 2014… U.S. industrial production was unexpectedly flat in January, according to a Federal Reserve report. Economists polled by Reuters expected industrial production to increase 0.7 percent. Meanwhile, the Fed revised December’s industrial production to show a 1 percent gain instead of the previously reported 0.4 percent increase.”
Read more in the full article here.
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