Friday, 17 May 2013

U.S.MARKET UPDATE


U.S. stocks fell on Thursday, with the downturn accelerating late in the day after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer. 

The Dow Jones industrial average dropped 42.47 points, or 0.28 percent, to close at 15,233.22. The Standard & Poor's 500 Index fell 8.31 points, or 0.50 percent, to end at 1,650.47. The Nasdaq Composite Index slipped 6.37 points, or 0.18 percent, to finish at 3,465.24.


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