Daily Data Flow

Stocks Drop on Slow News Day

Stocks Drop on Slow News Day (Bloomberg)

Stocks declined for a fourth consecutive session as investors weighed concerns about the Federal Reserve’s eventual stimulus tapering and government budget discussions against easing tensions in the Middle East. “We may have a couple few weeks where there is still lingering concern over the Fed along with very much headline risk around the budget ceiling debate,” David Chalupnik, head of equities at Nuveen Asset Management in Minneapolis, said in a phone interview. His firm manages more than $115 billion. “Over the short term, we would see the market continue to either muddle through or consolidate before we hit earnings season.”

Sign Up
DISQUS COMMENTS

FACEBOOK COMMENTS

Comment with Facebook