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Markets Slip Again After Fed Minutes Released, Tech Shares Weak Again Wednesday (BAC)

By: , dated July 11th, 2012
Wall Street had another down day on Wednesday as minutes from the Federal Reserve’s June meeting were released, despite the report signaling it may take steps in the near future to lift the economy. In that meeting the Fed announced that it would buy an additional $267 billion in long-term bonds, however it did not commit to embarking on another round of quantitative easing. Financial companies, led by Bank of America Corp. (BAC) turned in a mostly positive day, while oil rose 2.5 percent.

Word on the Street

Interesting Tidbits

  • If Wal-Mart (WMT) was classified as a country, it would be the 24th most productive country in the world.
  • Yahoo! (YHOO) was originally called “Jerry’s Guide to the World Wide Web”.
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