[ No headline ]

The stock market drifted lower through much of last week as investors took profits and waited to see if the Federal Reserve Board would become more accommodative. This expectation was jolted late in the week when Fed chairman Paul Volcker warned that federal budget deficits could place upward pressures on interest rates. Stocks slumped and for the week, the Dow Jones industrial average closed at 1,052.98, with a loss of 27.87 points.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK