Fed Increases Taper by $10B, Stocks End at 2014 Low

Stocks slid today, ending at a 2014 low, after the Fed announced that they will be trimming its monthly bond purchases by another $10 billion. This announcement marks one of Bernanke's final decisions as the chair of the Federal Reserve. On Saturday, Janet Yellen will officially become the chair of the Federal Reserve and will be in charge of directing all stimulus decisions from then on. Due to the large scale of Target's (TGT) security breach, the federal authorities have decided to step in and begin investigating. While it was assumed that the authorities have been investigating it for some time, it was confirmed today by Attorney General Eric Holder.
As the Super Bowl is now only days away some advertisers have been releasing their ads early in hopes of drawing additional attention.

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Published on Jan 29, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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