By and  on January 27, 2014

U.S. stocks lost more ground today as investors worried over the Federal Reserve’s plan to withdraw its economic stimulus. Fed officials are meeting this week to decide whether to pull back on its bond-buying program.

The Dow Jones Industrial Average fell 0.3 percent to 15,837.88, while the S&P 500 Retailing Industry Group was down 0.4 percent to 889.09. Those declines, while modest, came on the heels of a sharp sell off on Friday that was sparked by concerns in emerging markets and sent the Dow Jones down 318 points.
Among the firms losing ground were Cache Inc., down 6.2 percent to $4.41; American Apparel Inc., 3.6 percent to $1.08 and Ascena Retail Group Inc., 3.0 percent to $19.13.

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