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.
Word on the Street
- Stocks tumble as the Federal Reserve is set to meet next week.
- Amazon (AMZN) expands its grocery delivery to a third market, San Francisco.
- 365,000 people have signed up for Obamacare.
- Is Microsoft (MSFT) going to offer some versions of its Windows devices for free?
- The wage gap between women and men seems to be closing.
- As cable bills continue to rise, is it the right time to ditch cable?
- Cardinal Health (CAH) jumps on joint venture with CVS Caremark.
Published on Dec 11, 2013By InvestorGuide Staff