Fed decision not to taper buoyed Wall Street, but James Bullard, head of the Federal Reserve Bank of St. Louis, says a cutback in bond-buying could come as early as next month, depending on the economy. Also this week, housing posts mostly strong numbers, JPMorgan agrees to nearly $1 billion settlement, and the owner of Olive Garden and Red Lobster cuts jobs.
A weekly index published by the Federal Reserve Bank of St. Louis shows a continued elevation in financial stress in October 2012.
Euro crisis shouldn't have much effect on US, unless it blows up into something much larger, says James Bullard of the St. Louis Fed. But euro crisis will be drawn-out affair.
Protests in solidarity with 'Occupy Wall Street' occurred in US cities and around the world Saturday, sometimes drawing several thousand marchers. A key reason: Unemployment remains high, three years after a financial crisis in which banks got controversial bailouts.
Treasury bonds set new lows for interest rates. Federal Reserve plans to push down interest rates on Treasury bonds to try to get the economy expanding more quickly.
The Dow rose 68.91 points to close at 11,061.12 in September's second gain
The Dow fell 303.68 points to close at 10,992.13. The S&P lost 31.67 points to 1,154.23, and the Nasdaq dropped 61.15 points to end the day at 2,467.99.