Thursday, Dec 08, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Trading in US stocks subdued ahead of Fed minutes

NEW YORK — U.S. stocks were drifting in midday trading as traders waited for the latest news from the Federal Reserve.

The Dow Jones industrial average rose 30 points, or 0.2 percent, to 16,950 as of noon today.

The Standard & Poor’s 500 index was up two points, or 0.1 percent, at 1,983. The Nasdaq composite was flat at 4,529.

Slightly more stocks fell than rose on the New York Stock Exchange.

J.M. Smucker fell 2 percent after the food company cut its full-year sales outlook. The company also said higher coffee prices were hurting its profit margins.

Investors were waiting for the release of minutes later in the day of the Federal Reserve’s last policy meeting.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.41 percent.

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…