Thu, 09 Aug 2012 16:47:17 GMT
Wall Street turned red, QE hopes persist
Wall
Street turned red on Wednesday, with the Dow Jones Industrial Average tumbling
0.18 per cent, the S&P 500 Index erasing 0.23 per cent, and the Nasdaq
Composite Index falling 0.27 per cent. A day earlier, the Fed claimed that it
is ready to intervene in the economy, and start bond-buying program in order to
support the world's biggest economy.