Related News
Stocks slip after Fed trims economic forecasts
Source: Agencies |
June 23, 2011, Thursday
|
Online Edition
Online Edition
STOCKS are closing lower after the Federal Reserve brought down its estimates for US economic growth.
The Dow Jones industrial average dropped 80 points, or 0.7 percent, to close at 12,110. The S&P 500 index fell 8 points, or 0.7 percent, to close at 1,287. The Nasdaq fell 18 points, or 0.7 percent, to 2,669.
The Fed now expects the US economy to grow between 2.7 percent and 2.9 percent this year. That's down from its previous estimate of 3.1 percent to 3.3 percent.
Fed Chairman Bernanke said at a press conference that some of the problems plaguing the economy "may be stronger and more persistent than we thought."
Three stocks fell for every two that rose on the New York Stock Exchange. Volume was light at 3.3 billion shares.
The Dow Jones industrial average dropped 80 points, or 0.7 percent, to close at 12,110. The S&P 500 index fell 8 points, or 0.7 percent, to close at 1,287. The Nasdaq fell 18 points, or 0.7 percent, to 2,669.
The Fed now expects the US economy to grow between 2.7 percent and 2.9 percent this year. That's down from its previous estimate of 3.1 percent to 3.3 percent.
Fed Chairman Bernanke said at a press conference that some of the problems plaguing the economy "may be stronger and more persistent than we thought."
Three stocks fell for every two that rose on the New York Stock Exchange. Volume was light at 3.3 billion shares.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
