S&P 500 Index slightly declined by 0.1% yesterday after reaching a 0.3 climb earlier. Dow Jones Industrial average is down 0.1%. Procter & Gamble Co. and Coca-Cola dropped by 1.2% as consumer goods companies declined. Health-care shares lost 0.6%, not significantly considering sector rose by 22% this year. Yahoo Inc. gained 0.2% share price as the company acquired Tumblr Inc. for $1.1 billion. Energy sector recorded a 1.3% increase. Exxon Mobil, WPX Energy Inc. and Chesapeake Inc. were among the leaders in energy yesterday.
European markets performed at their high as The Stoxx Europe 600 gained 0.3% as french, german and english indexes closed at years high.
Some Fed official recent weeks have voiced suggestions of scaling back the quantitative easing program in the upcoming months. However, Fed Chairman Ben Bernanke said he would continue the unprecedented stimulus until unemployment reaches 6.5% or inflation rises above 2.5%. Stimulus issued by the Fed weakens the dollar by flooding US economy to keep low interest rates and attract more investments and open jobs. As the stimulis keeps on supporting the economy there is a slight concern in investors when would that stop and would the economy be able to sustain itself.
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