Stocks fall after second taper announcement
It's not so taper-ific this time around
There was no taper rally Wednesday after the Federal Open Market Committee made its announcement that yes, the taper is here and we’re tapering more.
By closing on Wednesday, we saw a steep stock market drop that ended with a minor rally that kept the loss to down 189 to 15,738.79.
The Nasdaq dropped 1.14% to close at 4051.43, while the S&P 500 dipped 1.02% to close at 1774.20.