Arab Today, arab today us stock market slips a day after setting a record
Last Updated : GMT 07:12:59
Arab Today, arab today
Arab Today, arab today

US Stock market slips a day after setting a record

Arab Today, arab today

Arab Today, arab today US Stock market slips a day after setting a record

New York - SPA

US stocks are easing back from record levels set the day before, when the Federal Reserve surprised markets with a decision to keep its economic stimulus in place. According to AP, the Standard & Poor\'s 500 index fell two points, or 0.1 percent, to 1,723. The Dow Jones industrial average slipped 32 points, or 0.2 percent, to 15,644 and the Nasdaq composite fell a fraction of a point to 3,783. The price of gold surged as traders anticipated that the Fed\'s decision to keep buying bonds could weaken the dollar or cause inflation. Gold rose $62 an ounce, or 4.8 percent, to $1,370 an ounce and is headed for its biggest one-day jump since the financial crisis. The yield on the 10-year Treasury note rose to 2.73 percent from 2.69 percent the day before.

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