14Oct2015 Market Close: Markets Close Down, DOW Slips Triple Digits Again, U.S. Dollar Pauses Its Precipitous Slide
Written by Gary
U.S. stocks closed down with the DOW off almost one percentage point. The whole session was all about Wal-Mart’s poor forecast and the Fed’s Beige Book. The main thrust of the declining session was Mal-mart warning earnings per share would decline as much as 12 percent next fiscal year due to investment in technology, higher wages and lower prices. U.S. stocks were little changed after Fed’s beige book, but offered few clues in a rate hike decision adding to investors worries.
Source: http://econintersect.com/pages/market/market.php?post=201510141524
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