Wall St falls after Fed comments

NEW YORK (Reuters) - U.S. stocks turned lower on Wednesday following comments from the Federal Reserve, which said the recovery had lost momentum so far this year, though it stopped short of offering new monetary stimulus.

However, the Fed did signal that further bond buys could be in store.

The Dow Jones industrial average was down 34.82 points, or 0.27 percent, at 12,973.86. The Standard & Poor's 500 Index was down 4.18 points, or 0.30 percent, at 1,375.14. The Nasdaq Composite Index was down 17.28 points, or 0.59 percent, at 2,922.24.

Before the comments, equities had been trading near break-even levels throughout the session. (Reporting by Ryan Vlastelica; Editing by Dave Zimmerman)

Updated Date: Aug 02, 2012 00:45 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See