Wednesday 3:25pm
November 26, 2014
Currently 54°F
Posted: Thursday, June 20th 2013 at 12:02pm

Markets continue to slide

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
NEW YORK (AP) -- Financial markets are sliding after the Federal Reserve said it could end its huge bond-buying program by the middle of next year.

U.S. stocks fell sharply in midday trading and the yield on the 10-year Treasury note rose to the highest point since August 2011. Gold led a rout in commodity prices.

The Dow Jones industrial average was down 209 points, or 1.4 percent, at 14,902 in midday trading Thursday.

The Standard & Poor's 500 index was down 25 points, or 1.5 percent, to 1,603. The Nasdaq composite fell 51 points, or 1.5 percent, to 3,392 points.

The yield on the 10-year Treasury note climbed to 2.41 percent.

Fed Chairman Ben Bernanke said Wednesday the central bank could end its bond purchases by mid-2014.

Global markets also fell.
Associated Categories: National News, Business News, Politics

© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.054917
icon
54°F
Gainesville, GA 30501
Clear
Wind: WSW 15 mph
Dew point: 18°F