US stocks edge lower after a two-day plunge

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.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s