US blue chips slid, Dow lost 0.77% on Wednesday

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Source: Dukascopy Bank SA
US blue chips finished lower on Wednesday amid concerns that the Fed may end its bond-buying program. Meanwhile, market participants remained cautious ahead of the key US figures due on Thursday. The Dow Jones Industrial Average Index slid 0.77% to end the session at 13,927.54. All but one industry plunged. The only gainers were telecommunication companies, with Verizon Communications jumping 0.94%. Dragging the US blue chips index lower, basic materials and industrials slumped 1.67% and 1.15%. Alcoa Inc and EI du Pont de Nemours & Co dived 3.31% and 1.36%, while Caterpillar Inc dipped 2.49%. Caterpillar Inc declined after reporting that its global sales declined in the first quarter. However, losses of industrial companies were capped by a 0.17% advance of Boeing Co. after the firm's engineers agreed on Boeing's offer, easing the labour dispute. Lenders dropped 1.02%, with Bank of America Corp and American Express Co. sagging 3.20% and 0.59%.
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