US stocks edge lower after a two-day plunge

Stocks edge lower after a two-day plunge caused by anxiety over looming end of Fed stimulus

Associated Press
Stocks recover on Wall Street after 2-day plunge'
.

View photo

Specialist Gregg Maloney, left, works with a trader on the floor of the New York Stock Exchange, Friday, June 21, 2013. U.S. stocks rose in morning trading on Friday as traders regrouped following the biggest drop of the year. (AP Photo/Richard Drew)

The stock market is edging lower in midday trading as investors regroup following the biggest drop of the year.

The Dow Jones industrial average slipped 42 points, or 0.3 percent, to 14,708 as of noon Eastern Daylight Time Friday.

The Dow plunged 560 points Wednesday through Thursday after the Federal Reserve said it could wind down its bond-buying program by the middle of next year if the economy continues to improve.

The Standard & Poor's 500 index fell eight points, or 0.5 percent, to 1,580 points. Technology stocks fell the most in the index after Oracle reported disappointing results late Thursday.

The Nasdaq composite index fell 35 points, or 1 percent, to 3,329.

The yield on the 10-year Treasury note rose to 2.50 percent from 2.42 percent.

Gold edged higher.

Rates

View Comments (0)