The Wall Street Journal – By Jonathan Cheng – June 20, 2012
U.S. stocks traded roughly flat ahead of the Federal Reserve’s press conference, giving a muted response to the central bank’s efforts to juice the economy by extending its bond-buying program while holding off on more aggressive action.
In recent trading, the Dow Jones Industrial Average slipped two points, or less than 0.1%, at 12836. Prior to the Fed’s policy announcement, the Dow was off about 30 points, and fell to as many as 90 points lower immediately following the central bank’s statement.
The Standard & Poor’s 500 index also erased most of its losses to slip lower by one point, or 0.1%, to 1357, while the Nasdaq Composite inched up four points, or 0.2%, to 2934.
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