Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 36 | NO. 24 | Friday, June 15, 2012




Stocks little changed after Fed announcement

JOSHUA FREED,AP Business Writer

Print | Front Page | Email this story

Stocks closed a little lower after the Federal Reserve's economic update failed to give investors much to get excited about.

The Fed said it will continue its effort to keep long-term interest rates low. Investors liked that. But the Fed also said it's seeing high unemployment and a depressed housing market.

Consumer products maker Procter & Gamble Co. said demand is slowing. Sales of its products, which include Tide detergent and Duracell batteries, are a good window into the economy.

The Dow Jones industrial average closed down 13 points at 12,824 Wednesday. The Standard & Poor's 500 fell two points to close at 1,356. The Nasdaq gained a fraction of a point to close at 2,930.

Rising and falling stocks were evenly split. Volume was average at 3.8 billion shares.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0