Stocks End Way Down as The Fed is Scheduled to Meet Next Week

The stocks closed down for yet another day, with the Dow Jones ending below 16,000 and the S&P 500 ending below 1,800. The stocks end down upon announcement that the Federal Reserve will meet next week to discuss the stimulus. After years of success, Southwest Airlines (LUV) announced that they are going to be pulling out of three smaller hubs. This announcement comes as Southwest is now facing tougher competition than they have experienced in the past. Amazon (AMZN) continues to put pressure on other companies.
They have decided to expand AmazonFresh to San Francisco. AmazonFresh delivers produce and other items either same day or next day, putting pressure on Giant's PeaPod and other grocery delivery services. Looking to travel over this holiday season? Be weary of Delta (DAL) as they just increased fares. But they are not alone, many of the largest airline carriers are increasing prices as demand is rising for holiday season travelling.

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Published on Dec 11, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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