Mon, Jul 29, 2013 11:27 AM EDT 0:51
Stocks on Wall Street showed weakness as investors appeared wary at the outset of a week packed with data and central bank meetings. Investors are looking ahead to Wednesday?s statement from the Federal Reserve for clarity on when the Fed will begin to pare its $85 billion in monthly bond purchases. The Obama administration nominated Caroline. Kennedy as the next United States ambassador to Japan, which would give her the kind of formal public role many have long predicted for her. Stocks are falling in midday trading on Wall Street after more weakness in technology companies. The decline is putting the market on track for its first weekly loss in a month.