Wall St. opens lower on dtimulus program uncertainty

Wochit 1:00 mins

Stocks fell at the open as concerns grew over when the Federal Reserve might begin winding down its massive monetary stimulus program. Atlanta Fed President Dennis Lockhart said the Federal Reserve could begin reducing the size of its bond-buying stimulus program as early as September but might wait longer if economic growth fails to pick up in the second half of the year. Stocks slid as investors awaited further clues as to whether the U.S. Federal Reserve will start reducing its monetary stimulus as soon as next month. The Federal Reserve is nearer to dialing back its massive bond-buying program after the unemployment rate dropped last month, a top Fed official said, the second to make that point in as many trading days.

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