Fed growth concerns sink US stocks
Shares end lower on Tuesday after a Federal Reserve statement stirs concern about slowing economic growth.india Updated: Aug 09, 2006 13:00 IST
US stocks ended lower on Tuesday after a Federal Reserve statement accompanying its expected pause in interest-rate hikes stirred concern about slowing economic growth.
Based on the latest available data, the Dow Jones industrial average was down 47.39 points, or 0.43 percent, to end unofficially at 11,171.67. The Standard & Poor's 500 Index was down 4.15 points, or 0.33 percent, to finish unofficially at 1,271.62. The Nasdaq Composite Index was down 11.57 points, or 0.56 percent, to close unofficially at 2,060.93.