Stocks End Mostly Lower on Fed Stimulus Concern

U.S. stocks finished mostly lower on Wednesday, with the S&P 500 and Dow Jones Industrial Average
both stretching their losing streaks to four sessions, as uncertainty grew over when the Federal
Reserve will start to slow its stimulus. The Dow Jones Industrial Average fell 24.85 points, or
0.16%, to end at 15,889.77. The S&P 500 dipped 2.34 points, or 0.13%, to close at 1,792.81. The
Nasdaq Composite was up 0.80 point, or 0.02%, to 4,038.00.

Billionaire investor Carl Icahn said Wednesday that he will call for Apple Inc. to vote on
increasing its stock repurchase plan, but not at the levels he had earlier proposed.

McGraw Hill Financial Inc. MHFI -0.41% said on Wednesday its board has authorized the company to
buy back up to 50 million shares, or about 18% of its outstanding shares.

Guess Inc.’s (GES) fiscal third-quarter earnings fell 7.2% as the apparel retailer was hurt by
weaker sales, led by declines in its North America retail segment. For the year, the company
raised the lower end of its previous per-share earnings estimate by four cents and now expects
$1.82 to $1.92.

About the Author

has written 15958 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks