Thursday, December 12, 2013

Stocks Continue Slide for Fifth Day

The stock market is continuing a drop that has occurred since last week. The Dow Jones Industrial Average fell over 100 points today, the fifth consecutive day of losses. The market, which recently was near record highs has been struggling of late.

The Fed has not been helping issues as of late:
To many investors, the Fed's policies have central to this year's 24% gain in the S&P 500 by making stocks look more attractive compared with low-yielding bonds.

But last week's stronger-than-forecast jobs report has prompted Wall Street to increase the chances for the Fed to dial back its support, or "taper," next week and throw a wrench into the rally.

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