Bloomberg (05/12) -- U.S. stocks fell a fourth day, the longest slump in 10 weeks for the Standard & Poor’s 500 Index, as investors weighed economic data for clues on the timing of Federal Reserve stimulus cuts amid optimism over a budget deal.
The S&P 500 fell 0.1 percent to 1,792.85 at 4 p.m. in New York. The gauge fluctuated during the session, rising as much as 0.3 percent and declining 0.9 percent at its lowest.
The S&P 500 has surged 26 percent this year, poised for the best annual gain since 2003, as the Fed has refrained from reducing its monthly bond purchases. Central-bank policy makers have been scrutinizing data to determine whether the economy is robust enough to withstand a reduction in their support.
They specifically cited during their last meeting fiscal drag and budget standoffs as being among “several significant risks” that remained.
Data today showed companies boosted payrolls in November by the most in a year. Labor Department data on Friday may show the unemployment rate fell to 7.2 percent, matching the lowest level since 2008.
0 komentar :
Post a Comment