US Stocks Continue to Slide - East Idaho News
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US Stocks Continue to Slide

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Getty 120711 WallStreet?  SQUARESPACE CACHEVERSION=1371074196969iStockphoto/Thinkstock(NEW YORK) — The U.S. markets saw another big drop on Wednesday.
 
The Dow Jones Industrial Average closed below the 15,000 mark, down 127 points at 14,995. The index on Wednesday saw its fourth triple-digit loss in two weeks.

The Nasdaq Composite Index shed 37 points to close at 3,400. The S&P 500 gave up 14 points to finish the session at 1,613.
 
Many investors are waiting to see if and when the Federal Reserve will ease up on its stimulus programs.
 
The House approved a bill giving the Federal Housing Administration the power to make quick fixes to its financially-troubled reverse mortgage program, which allows people over age 62 to borrow against their home equity for living expenses.  The FHA is $5 billion in the red.
 
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