Thu, 25 Oct 2012 16:10:45 GMT
Dow Jones pared losses after FOMC statement
The Dow Jones Industrial Average Index pared losses on Wednesday after the Fed stated that it would stick to its loose monetary policy until the US economy improves. However, market sentiment remained under heavy pressure as corporate earnings continued to disappoint. Adding to losses of the US blue chips index, the eurozone witnessed faster than expected contraction of the manufacturing