Wednesday, december 4th. Good evening everyone. Its four in a row. The dow and s p fell again today backing away from last weeks record setting highs. Blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. The take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. All this comes just two days before the release of the monthly jobs report. A key data point for Central Bank Policy makers. Its no wonder stock averages between gains and losses and finally ending mostly in the red for the day. The dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s p fell two points. The same concerns about the feds next move sent the yield on the benchmark treasury note above 2. 8 , the highest since september. How does the Federal Reserve see the economy right now as it prepares for the next policy meeting next month . Steve liesman looks at the beige book survey and
Nightly Business Report for wednesday, december 4th. Good evening everyone. Its four in a row. The dow and s p fell again today backing away from last weeks record setting highs. Blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. The take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. All this comes just two days before the release of the monthly jobs report. A key data point for Central Bank Policy makers. Its no wonder stock averages between gains and losses and finally ending mostly in the red for the day. The dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s p fell two points. The same concerns about the feds next move sent the yield on the benchmark treasury note above 2. 8 , the highest since september. How does the Federal Reserve see the economy right now as it prepares for the next policy meeting next month . Steve liesman looks a
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