Stock Markets Latest News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline

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Stock Markets Latest News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline

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Stock Markets Latest News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline

by Wochit 0:53 mins

Stock Markets Latest News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline

by Wochit 0:53 mins

Stock futures have fallen adding to a more than 1 percent drop in U.S. equities just a day before. The losses come after Federal Reserve Chairman Ben Bernanke outlined the start of a wind-down of stimuli that has been instrumental to the market's previous rally. Financial markets shuddered after the Federal Reserve said it could start scaling back its huge bond-buying program later this year and end it by the middle of 2014. Investors accustomed to late market volatility at the end of the quarter should expect an extra jolt on June 28, when billions of dollars in stock trades will be executed in less than two seconds,when Russell Investments sets the final update for the annual reconstitution of its indexes.

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