Budget Worries Brings Indices Down Lower on Friday (BBRY, AAPL)

Stocks dipped lower for another day on Friday as investors continue to let the Federal Reserve's recent announcements sink in. St. Louis President Bullard made comments that the Fed may decide to taper in October if the economy continues to show signs of improvement. Several companies had IPOs today including BIND Therapeutics, FireEye and Rocket Fuel Inc. Caterpillar (CAT) dragged down the Dow after reporting quarterly sales and Blackberry (BBRY) weighed on Nasdaq and fell over 20%.
Oil fell below $105 a barrel, closing at the lowest level in one month. The US dollar did not change much on Friday but ended with a weekly loss, mostly on the Fed's stimulus announcement.

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Published on Sep 20, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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