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Wednesday, 30 July 2014

An early rally fades on the US stock market

Trader James Dresch, right, works on the floor of the New York Stock Exchange, Monday, June 30, 2014. European stocks were lower Wednesday July 30, 2014 ahead of U.S. economic data while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian markets.(AP Photo/Richard Drew) NEW YORK (AP) — U.S. stocks turned lower in midday trading, erasing an early gain. Trading was quiet as investors waited for a statement from the Federal Reserve later Wednesday.








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