Business Standard

Tuesday, January 07, 2025 | 07:00 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Wall St slips at open on Fed stimulus tapering concern

Image

Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks fell at the open on Wednesday as investors fretted that strong private jobs data could give the Federal Reserve ammunition to scale back an asset purchase program that has boosted equities for much of the year.

The Dow Jones industrial average fell 55.93 points, or 0.35 percent, to 15,858.69, the S&P 500 lost 8.34 points, or 0.46 percent, to 1,786.81 and the Nasdaq Composite dropped 17.465 points, or 0.43 percent, to 4,019.732.

(Reporting by Rodrigo Campos; Editing by Bernadette Baum)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 04 2013 | 8:24 PM IST

Explore News