Wall Street falls hard as FOMC considers ease stimulus

The US stocks market has closed lower on Wednesday following the hawkish FOMC minutes and investors have seen stimulus may end. The S&P 500 and the Nasdaq have worst day of year while the Dow posted its worst day since February 4th.

The Dow Jones collapsed 108.13 points or 0.77% to finish the day at 13,927.54. The S&P 500 eased 18.99 points or 1.24% to 1,511.95. And the Nasdaq Composite lost 49.18 points or 1.53% to 3,164.41.

Feb 20, 2013

Session Recap: Risk aversion on hawkish FOMC minutes

The market is trading on risk aversion following the FOMC minutes as, according to the release, some Fed officials are considering eventual QE pullback and it has surprised investors with a hawkish tone.

Forex: FOMC spoke on QE and the Euro is speechless

The Dollar has been the winner of the day, isn't it?. Following the latest FOMC minutes, which showed members are considered the end of the QE, the EUR/USD was dragged below the 1.3300 frontier to reach 1-month lows around 1.3270 where the pair remains trading calm in consolidation mode.