US STOCKS SNAPSHOT-Wall St slips as Fed eyed, but gains in July

NEW YORK, July 31 Tue Jul 31, 2012 4:11pm EDT

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NEW YORK, July 31 (Reuters) - U.S. stocks edged lower on Tuesday with traders' sights set again on Wednesday's Federal Reserve statement on the economy and a possible new round of stimulus.

Based on the latest available data, the Dow Jones industrial average dropped 64.33 points, or 0.49 percent, to end unofficially at 13,008.68. The Standard & Poor's 500 Index shed 5.98 points, or 0.43 percent, to finish unofficially at 1,379.32. The Nasdaq Composite Index declined 6.32 points, or 0.21 percent, to close unofficially at 2,939.52.

For the month of July, all three major U.S. stock indexes ended with gains. The Dow industrials advanced 1 percent in July, while the S&P 500 rose 1.3 percent and the Nasdaq edged up 0.2 percent.

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Comments (1)
drpalms wrote:
Printing more Federal reserve Notes , which we know as hundred dollar bills cannot create commercial activity, just more inflation by increasing the money supply with out any economic activity associated with this fiat money with nothing behind it, except for that it would be counterfeiting, if Congress had not provided the Fed ( a private cartel of bankers, with the right to counterfeit which is unconstitutional

Jul 31, 2012 6:58pm EDT  --  Report as abuse
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