Wednesday, Jul 27, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stock market falls at midday as investors look ahead to U.S. budget fight

  • Wall-Street-367

    Trader F. Hill Creekmore works on the floor of the New York Stock Exchange Wednesday, Sept. 18, 2013. The stock market hit a record high Wednesday after the Federal Reserve's surprise decision to keep its economic stimulus in place. (AP Photo/Richard Drew)

    <ASSOCIATED PRESS

  • Federal-Reserve-8

    FILE - In this Wednesday, Sept. 18, 2013, file photo, Federal Reserve Chairman Ben Bernanke arrives to speak at a news conference at the Federal Reserve in Washington. The Fed surprised just about everyone Wednesday by delaying a slowdown in its $85 billion in monthly bond purchases. The purchases are designed to keep long-term loan rates low to spur borrowing and spending. (AP Photo/Susan Walsh, File)

    <ASSOCIATED PRESS

NEW YORK — The stock market is falling at midday as investors wait for more clarity from the Federal Reserve and look ahead to a budget fight in Washington.

The Dow Jones industrial average fell 62 points to 15,574 at noon today. The Standard & Poor’s 500 index slipped six points to 1,715. The Nasdaq eased five points to 3,783.

The Fed this week shocked markets by leaving in place its bond-buying program. Fed officials are giving speeches today.

Investors are looking ahead to a budget fight in Washington. To keep the government running, Congress must pass a short-term spending bill before the fiscal year starts Oct. 1.

Darden, the parent of Olive Garden and Red Lobster, fell $2.82, or 6 percent, to $46.50 after reporting lower quarterly profit.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…