Brought to you by WBIW News and Network Indiana
Last updated on Friday, September 20, 2013
(UNDATED) - Investors are now trying to figure out what to do next following the Federal Reserve’s decision to keep its economic stimulus in place.
Stocks and government bond prices pulled back from their record-setting levels yesterday. Gold, historically a haven for nervous investors, had its biggest one-day jump since the onset of the financial crisis in September 2008.
Investors are facing new questions. Was the Fed's vote to delay dialing back its stimulus a signal that the U.S. economy is weaker than they previously thought? Does the Fed have greater concerns about future economic growth than Wall Street?
On Thursday, the S&P 500 index lost three points to close at 1,722. The Dow Jones industrial average slipped 40 points to 15,636. Both the Dow and the S&P 500 hit record highs Wednesday; The Nasdaq composite index, however, rose six points, or 0.2 percent, to 3,789.
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