|
Top Stories Latin American Markets: Brazilian stocks step back from rally Stocks fall in Brazil, with caution about growth prospects holding the market back from building on its best performance in seven months.
Asia Markets: Asia stocks tumble; downgrade hits Tokyo Asia markets fall, with European concerns bruising sentiment, while a downgrade of Japan’s credit rating and disappointing trade data weigh in Tokyo.
Market Extra: Facebook’s ‘falling knife’ shares drop again Shares of Facebook Inc. fall again, shedding another 9% on its third day of trading.
Dell shares fall on disappointing results PC maker posts a 33% drop in profit, sending its shares tumbling after hours.
See All Top Stories >> |
See All Overnight Stocks >> |
See All Ups & Downs >> |
May 22, 2012 11:23 PM EDT
The FOMC meets today in a one-day meeting. Investors are clearly bracing for a change of language that will leave the “exceptionally low rates for an extended period of time” alone. The pace of the economic recovery has clearly deteriorated in June and into July. The Fed has already used up its quiver on rates and must now address other methods to stimulate the economy. The most likely step is quantitative easing, which many in the financial c... full story >>