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Wednesday, 29 October 2014

Wall St. ends with modest decline after Fed

Traders work on the floor of the New York Stock Exchange By Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks closed with slight losses on Wednesday, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in U.S. economic prospects. Major indexes were volatile following the central bank's statement, with the S&P 500 down as much as 0.8 percent before pulling back. Material shares were lower throughout the session, a decline in Facebook pressured the Nasdaq, but strength in energy and financial shares helped the market recover. ...








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