Wednesday, May 29, 2013

Wall Street extends losses on Fed uncertainty

Stocks extended their losses on Wednesday, with the S&P 500 and Dow briefly dropping 1 percent as investors continued to question the longevity of the Federal Reserve's stimulus program.

The Dow Jones industrial average .DJI was down 151.41 points, or 0.98 percent, at 15,257.98. The Standard & Poor's 500 Index .SPX was down 16.68 points, or 1.00 percent, at 1,643.38. The Nasdaq Composite Index .IXIC was down 31.40 points, or 0.90 percent, at 3,457.49.