Dow Jones index slips as Fed abandons further easing

Dow Jones Industrial Average index dropped on Tuesday after Fed executives expressed concerns about slower hiring and refused to purchase more bills to boost economy. Blue chip index lost 0.49% or 64.94 points and finished at 13,199.55 with all nine sectors posting loss. Financials provided the main downside effect with Bank of America slipping 2% and JP Morgan & Chase dropping 1.5%. On the upside restaurant chain McDonald's managed to add 1%.