US stocks calmer after 2-day plunge

[Omaha Steve]

Source: AP-Excite

By JOSHUA FREED

Wall Street steadied after a two-day plunge caused by news that the Federal Reserve was getting ready to wind down its massive bond-buying program by mid-2014.

Markets were a lot calmer Friday. The Dow Jones industrial average was down 24 points, or 0.2 percent, at 14,732 as of 11:24 a.m. Eastern Daylight Time. The Dow and other indexes were moving between small gains and losses in early trading.

The Dow plunged 560 points Wednesday through Thursday, wiping out its gains from May and June. The Fed's easy money policies have been a big driver behind the stock market's bull run the last four years. The plunge came just three weeks after the Dow hit a record high of 15,409.

The Standard & Poor's 500 index fell six points, or 0.4 percent, to 1,582 points. The S&P hit its own record high a month ago.

FULL story at link.


Read more: http://apnews.excite.com/article/20130621/DA7274802.html

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In this Thursday, June 20, 2013, photo, specialist John Parisi, right, works with traders on the floor of the New York Stock Exchange.Asian stocks endured moderate losses Friday June 21, 2013 but European markets appeared set to stabilize even though investors remained edgy about a possible change of course by the U.S. Federal Reserve. (AP Photo/Richard Drew)

[AnotherMcIntosh]

1. Now down another 20 points.

The super-rich can keep it at whatever level that they want. If they want to keep it from going lower today, they better buy some more stock.

[pansypoo53219]

2. but SHIRLY uneducated people should INVEST THEIR SAVINGS THE WALL STREET!

fuck wall street.

[Spitfire of ATJ]

3. Do we really want to have our lives dependent on these people's mood?

[Fuddnik]

4. Looks pretty volatile to me.

Dow was up 80 pts, I went to the dog park, came back an hour later, and it was down 40.

Took a nap and it was up 40 again. Now up about 20.

If this is calm, I need some nerve tonic.

[Ikonoklast]

5. "Sell in May then go away..."