Stocks fall amid questions about Fed plan

AP News
Posted: Oct 27, 2010 4:57 PM
Stocks fall amid questions about Fed plan

FED CONCERNS: Broad stock indexes fell following a report that said that the Federal Reserve will not buy as many bonds as traders were anticipating. The central bank is expected to buy Treasurys in order to lower interest rates and spur spending.

MANUFACTURING SLOWS: The pace of growth in the manufacturing industry is slowing, the Commerce Department reported.

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DOLLAR GAINS: The dollar rose 0.5 percent against a basket of currencies, though it is still near its lows for the year.