You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

US stocks keep sliding on weak data, Fed qualms

Continue reading below

Stocks continued a two-day slide — the S&P is headed for its first weekly loss of 2013 — on weak economic data and concern about the Fed’s resolve to keep juicing the economy. More people sought jobless benefits last week; a less-volatile four-week average rose to its highest in six weeks. A monthly survey showed Europe’s business activity slowed in February. US indexes have soared to the highest levels since the crisis but ‘the market has gotten ahead of itself,’ says Fort Pitt Capital’s Kim Caughey Forrest. Walmart rose after it beat profit forecasts but warned the year has been slow, noting that customers have less money since payroll taxes rose.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of