SITE HELP • SITE MAP
 
The Janesville Gazette
WCLO
WJVL
Walworth County Today

ADVERTISEMENT
News » Money
Jun 19, 4:08 PM EDT

Stocks slide and bond yields rise after Bernanke says Fed could slow its bond purchases

AP Photo
AP Photo/Richard Drew
Business Video
Latest Market News
How the Dow Jones industrial average and other major indexes fared Wednesday

Stocks slide and bond yields rise after Bernanke says Fed could slow its bond purchases

Stocks inch lower in midday trading on Wall Street as investors wait for word from the Fed
FedEx 4Q profit down, international customers choose cheaper service amid low-growth economy

Fashion retailer H&M's Q2 profit down 11 percent amid challenging markets and krona strength

Tribune's 2012 earnings fall 6 percent as company ends lengthy stay in bankruptcy case
United Technologies CFO sees 2013 revenue crimped due partly to weak European economy

DuPont says it will reach low end of 2013 net income guidance because of wet spring weather

News Summary: DuPont expects to reach low end of annual guidance, citing wet spring weather
Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Are Stocks Bouncing Back?

NEW YORK (AP) -- Stocks are closing sharply lower and bond yields are rising after Fed Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year.

The Dow Jones industrial average dropped 206 points, or 1.4 percent, to 15,112. It was the Dow's seventh straight move of 100 points or more.

The Standard & Poor's 500 fell 22, or 1.4 percent, to 1,628. High-dividend stocks like telecommunications and utilities stocks fell the most.

The Nasdaq fell 39 points, or 1.1 percent, to 3,443.

The yield on the 10-year Treasury note jumped to 2.34 percent, the highest since March 2012. The yield started the day at 2.21 percent.

Five stocks fell for every one that rose on the New York Stock Exchange. Volume was average at 3.4 billion shares.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.
 
ADVERTISEMENT
 
 
The Janesville Gazette

Staff Directory | Contact Us | Privacy Policy | Legal Notices | Subscriber Services | Site Help | Site Map | RSS

News:

Latest News | Local | State | Nation/World | Crime | Public Record | Money | Special Sections | Entertainment

Opinion:

Blogs | Columns | Political Cartoons | Polls

Sports:

Preps | Jets | Packers | Brewers | Bucks | Badgers | Golf | Motorsports | National | Other

Multimedia:

Photos | Photo Galleries | Podcasts | Videos | Slideshows | Maps | Photo Reprints

Community:

Births | Couples | Obituaries | Death Notices | Celebration Forms

Blogs

Blog List | Latest Blog Entries

Services:

Subscribe | Advertising | Customer Care | Newspaper In Education | Tearsheets | E-Edition | Photo Reprints

 

Reader Rewards | Retail Locations

Copyright ©2007 Bliss Communications Inc. All rights reserved. Use of this material and this site are subject to the GazetteExtra Terms of Use and Privacy Policy. Content may not be published, broadcast, re-distributed or re-written.