And welcome to the closing bell. Im kelly evans in today for maria bartiromo. Bill griffith will join me in just a moment. Stocks are closing lower on concerns some members of the fed favor slowing or stopping economic stimulus earlier than maybe was previous thought. Heres how were finishing the day on wall street. The Dow Jones Industrial average pointed down by about 22 points or 0. 2 , about double that is the loss on the nasdaq today, down 0. 4 and its giving up some of its gains from yesterday, 0. 2 on the s p bit. After we saw stocks moving towards their low after the fed minutes did get a little bit of a rebound into the final minutes of trading. The lead bias was to the upside. Let get straight to the markets. While we didnt give back all of yesterdays gains, we did close off the days lows. Should investors really be concerned about the potential end of the feds easing program . Ben pace from deutsche bank, private Wealth Management is with us and greg ipp, with the economist
160 points at the low of the session, and that was within the last hour or so. The s p down 16 and the nasdaq down 46 there. A lot of people watching the tenyear treasury yield as well, looking to that as they have for weeks now. Right. Kind of a broader reflected gauge of where we stand in the economy, where is this all headed and to what extent, if you look at the performance of these markets since the Federal Reserve meeting over the last eight sessions or so, thats really where youve seen the rotation from growth into value. How much does it have to do with the tapering and tightening if you want to call it that. A day that when they sell the stocks they buy the bonds because the yields on the long end of the curve have been come down today. Let talk about it and get to our closing bell exchange. Quincy crosby and anthony chan from chase, Michael Guyette from Pension Partners and winner, by the way, of the 2014 dell aware and samir samano and jim lacamp from ubs and Gordon Charlott