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Sensing That Fed Will Act Soon, Wall St. Is Mixed

wochit business
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December 12, 2013 AT 7:09 AM
Wall Street was mixed on Thursday, as growing expectations that the Federal Reserve will cut its monetary stimulus as early as next week, weighed on traders a day after shares had one of their worst days in weeks. In early trading the Standard & Poor’s 500-stock index was down 0.1 percent, the Dow Jones industrial average fell 0.3 percent and the Nasdaq composite was 0.1 percent higher. Signs that lawmakers in Washington are poised to agree on a budget deal reinforced expectations that the Fed will decide to start reducing its $85 billion worth of financial asset purchases at next week’s policy meeting.