Stocks Falling As Fed Appears Closer to Tightening Monetary Policy


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Stocks are extending losses following a late sell-off yesterday and more taper-friendly economic news. Worries the Federal Reserve will soon begin draining liquidity are also being exacerbated by comments from the head of the Capital Markets Group at the New York Fed who said that the central bank has been using reverse repos since September as a way to introduce more restrictive monetary policy into the market. The Dow Jones Industrials Index is struggling with profit-taking pressure, with blue chips sliding over 100 points into the red, while losses for the Nasdaq Composite index are more modest owing to strength for Apple ( AAPL ) and Tesla Motors ( TSLA ).

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This article appears in: Investing , Commodities
More Headlines for: AAPL , TSLA

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