Stocks Slump as Traders Fear Fed Will Cut Stimulus

By: Associated Press
By: Associated Press

The stock market is pulling back from the record high it reached a day earlier as traders worry that the Federal Reserve could start pulling back on its economic stimulus next month.

Twitter was one of the few standouts, gaining 73 percent on its first day of trading.

The Dow Jones industrial average dropped 152 points, or 1 percent, to 15,593 Thursday.

Other indexes fell even more. The Standard & Poor's 500 lost 23 points, or 1.3 percent, to 1,747, its biggest decline since August. The Nasdaq composite fell 74 points, 1.9 percent, to 3,857.

Investors bet that surprisingly rapid growth in the U.S. economy in the third quarter could prompt the Fed to reduce its huge bond purchasing program as early as next month, sooner than many had anticipated.

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 231046891 -
Gray Television, Inc.