Stocks declined worldwide today as investors grow cautious about the Fed’s policy decision. Today, the Federal Open Market Committee begins its two day meeting. Chairman Ben Bernanke will hold a press conference on its outcome tomorrow at 2 30
“The big market news of the day was definitely the report that Larry Summers withdrew his name from the race to become the next Federal Reserve chairman,” noted Schaeffer’s Senior Equity Analyst Joe Bell, CMT. “When you combine that