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Showing posts with the label 14

U.S. stocks fall for third week in four before Fed: Wall Street At Close Report by MarketWatch; June, 14, 2013.

By Kate Gibson , MarketWatch    NEW YORK (MarketWatch) — U.S. stocks fell on Friday, chalking up a third weekly loss in four, with investors on guard ahead of next week’s monetary-policy decision by the Federal Open Market Committee.  “We didn’t get the pullback in May when we thought we would, so it looks like June is giving us some of that,” said Andrew Fitzpatrick, director of investments at Hinsdale Associates Inc.  FactSet Enlarge Image A day after Wall Street rallied on thinking the Federal Reserve would continue record-low interest rates, investors took a cautious stance on the final session of a losing week.  The FOMC holds a two-day policy gathering next week, with Fed Chairman Ben Bernanke due to hold a news conference Wednesday, after the FOMC decision.  Wall Street is tracking economic reports for clues as to whether the economy is