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Hypo Venture Capital Headlines: Stocks Drop, Dollar Advances as Fed Lowers Growth Forecast
5 pages
Published by
Venture Hypo
Hypo Venture Capital Headlines: Stocks Drop, Dollar Advances as Fed Lowers Growth
Forecast
By Rita Nazareth and Cecile Vannucci
http://www.
businessweek.
com/news/2011-06-22/stocks-drop-dollar-advances-as-fedlowers-growth-forecast.
html...
[More]
Hypo Venture Capital Headlines: Stocks Drop, Dollar Advances as Fed Lowers Growth
Forecast
By Rita Nazareth and Cecile Vannucci
http://www.
businessweek.
com/news/2011-06-22/stocks-drop-dollar-advances-as-fedlowers-growth-forecast.
html
June 22 (Bloomberg) — U.
S.
stocks declined, breaking a four-day rally, after the Federal
Reserve lowered its economic growth forecast and said it will complete a $600 billion
bond- purchase program as scheduled this month.
The dollar rose, and oil climbed
following a decrease in inventories.
The Standard & Poor’s 500 Index fell 0.
7 percent to 1,287.
14 at 4:00 p.
m.
in New York,
and the Stoxx Europe 600 Index dropped 0.
6 percent.
Ten-year U.
S.
note yields were
almost unchanged, holding below 3 percent for a sixth day.
The Dollar Index advanced 0.
4
percent while the euro fell 0.
5 percent to $1.
4344.
The pound weakened after some Bank
of England members said more stimulus may be needed.
The S&P 500 halted its longest streak of gains of the
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Tags
bank,
benchmark,
dollar,
drop,
economic,
fell,
forecast,
growth,
index,
interest,
month,
percent,
period,
policy,
rate,
stimulus,
stocks
