Don’t miss the latest developments in business and finance.

US STOCKS SNAPSHOT-Wall St extends declines heading into close

Image
Reuters NEW YORK
Last Updated : May 02 2013 | 1:40 AM IST

NEW YORK (Reuters) - U.S. stocks extended declines late on Wednesday, with indexes down 1 percent as the Federal Reserve's decision to stand pat on its current monetary stimulus was not able to offset weak economic figures and several lackluster earnings reports.

The Dow Jones industrial average dropped 146.16 points, or 0.98 percent, to 14,693.64. The Standard & Poor's 500 Index fell 15.57 points, or 0.97 percent, to 1,582.00. The Nasdaq Composite Index lost 30.96 points, or 0.93 percent, to 3,297.83.

(Reporting by Leah Schnurr; Editing by Jan Paschal)

Also Read

First Published: May 02 2013 | 1:23 AM IST

Next Story