Markets Are Roiled By Prospect Of Early Fed Exit - WSPA.com

Markets Are Roiled By Prospect Of Early Fed Exit

Posted: Updated:
There was no let-up in the flight from stocks and bonds as traders reacted to news that the Federal Reserve could end its massive bond-buying program as next year and as China's manufacturing slowed. There was no let-up in the flight from stocks and bonds as traders reacted to news that the Federal Reserve could end its massive bond-buying program as next year and as China's manufacturing slowed.
New York -

There was no let-up in the flight from stocks and bonds as traders reacted to news that the Federal Reserve could end its massive bond-buying program as next year and as China's manufacturing slowed.

The Dow Jones industrial average plunged 353 points, or 2.3 percent, to 14,758 points Thursday.

The Dow has lost 560 points in the past two days, wiping out its gains from May and June.

The Standard & Poor's 500 dropped 40 points, or 2.5 percent, to 1,588. The Nasdaq fell 78 points, or 2.3 percent, to 3,364 points.

The price of gold dropped and bond yields rose sharply.

Stocks fell across the board. Twenty stocks fell for every one that rose on the New York Stock Exchange. Trading was very heavy at 4.8 billion shares.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Top StoriesTop StoriesMore>>

  • Williamston Shooting Sends Woman To Hospital

    Williamston Shooting Sends Woman To Hospital

    Wednesday, April 23 2014 3:39 AM EDT2014-04-23 07:39:02 GMT
    Williamston police officers are investigating a shooting after a woman was shot in the head on South Hamilton Street.Williamston police officers are investigating a shooting after a woman was shot in the head on South Hamilton Street.
    Williamston police officers are investigating a shooting after a woman was shot in the head on South Hamilton Street. Captain Kevin Marsee says it happened Tuesday night around 10:30 at the victim's home on South Hamilton Street in the city of Williamston.
    Williamston police officers are investigating a shooting after a woman was shot in the head on South Hamilton Street. Captain Kevin Marsee says it happened Tuesday night around 10:30 at the victim's home on South Hamilton Street in the city of Williamston.
  • Update: Governor Haley To Suspend Simpsonville Mayor Eichor

    Update: Governor Haley To Suspend Simpsonville Mayor Eichor

    Tuesday, April 22 2014 10:56 PM EDT2014-04-23 02:56:15 GMT
    Simpsonville Mayor Perry Eichor was arrested Tuesday. He faces charges of Intimidation of a Court Official, Misconduct in Office and Obstruction of Justice following a state investigation.
    Simpsonville Mayor Perry Eichor was arrested Tuesday. He faces charges of Intimidation of a Court Official, Misconduct in Office and Obstruction of Justice following a state investigation.
  • Duke: Moving Coal Ash Would Cost Up To $10 Billion

    Duke: Moving Coal Ash Would Cost Up To $10 Billion

    Tuesday, April 22 2014 8:58 PM EDT2014-04-23 00:58:27 GMT
    Duke Energy Says Customers Will Likely Foot The Bill To Cleanup Coal AshDuke Energy Says Customers Will Likely Foot The Bill To Cleanup Coal Ash
    Duke Energy says that removing all of the company's coal ash away from North Carolina's rivers and lakes would take decades and cost up to $10 billion, with the state's electricity customers likely footing nearly all the bill. Duke's North Carolina president Paul Newton told state lawmakers Tuesday the company needs flexibility to consider more cost-efficient options that include leaving much of its 100 million tons of toxic ash in place after being covered with giant tarps and soil.
    Duke Energy says that removing all of the company's coal ash away from North Carolina's rivers and lakes would take decades and cost up to $10 billion, with the state's electricity customers likely footing nearly all the bill. Duke's North Carolina president Paul Newton told state lawmakers Tuesday the company needs flexibility to consider more cost-efficient options that include leaving much of its 100 million tons of toxic ash in place after being covered with giant tarps and soil.
Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.