U.S. stocks end a back-and-forth day with a loss

Investors react to Fed minutes; Netflix sinks on traffic worries

2/19/2014
ASSOCIATED PRESS
Wall-Street-Premarket-232

FILE - In this Friday, Jan. 31, 2014, file photo, traders work on the floor of the New York Stock Exchange. Shares were lackluster Wednesday Feb. 19, 2014 as investors waited for major earnings reports and took stock of a torrid start to the year for global markets. (AP Photo/Richard Drew, File)

ASSOCIATED PRESS

NEW YORK — Stocks are ending lower after a choppy day as investors react to news that the Federal Reserve will likely continue to pare back its economic stimulus.

Netflix fell on reports that the video-streaming company is in a dispute with Verizon and other broadband carriers over the cost of carrying Netflix’s programming.

Major indexes bobbed between slight gains and losses for much of the day, then turned lower in the last hour of trading.

The Dow Jones industrial average lost 89 points, or 0.6 percent, to close at 16,040 today.

The Standard & Poor’s 500 index fell 12 points, or 0.7 percent, to 1,828. The Nasdaq composite fell 34 points, or 0.8 percent, to 4,237.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.73 percent.