Fed comments spark gloom on US market

Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the US stock market down yesterday.

Fed comments spark gloom on US market
Fri, 17 May, 2013 - 02:30

Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the US stock market down yesterday.

There was plenty of discouraging news. Applications for unemployment benefits rose last week and manufacturing slowed in the mid-Atlantic region.

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