The Traderszone Network

Published in TZ Latest News 29 October, 2014 by The TZ Newswire Staff

Nasdaq Chalks Up Mild Distribution Day As Fed’s QE3 Bond Buys End

The stock market saw limited selling Wednesday after the Federal Reserve concluded a two-day meeting by ending a massive two-year program of buying U.S. Treasury and mortgage-backed securities to pump up the economy. The Nasdaq composite fell 0.3% in higher volume. Intraday, the decline was as steep as 1%. It was just the second down day in 10 sessions for the premier index.

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