Business

Stocks slide on weak earnings, Fed’s stimulus cuts

By Washington Examiner
Published January 29, 2014 9:14pm ET
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Stocks slide on weak earnings, Fed’s stimulus cuts
Specialist Donald Civitanova works on the floor of the New York Stock Exchange Wednesday, Jan. 29, 2014. Stocks are lower in early trading as weak earnings from several U.S. companies dented investors' confidence. Worries about emerging markets were also coming back after relief faded over an effort by Turkey to shore up its struggling currency. (AP Photo/Richard Drew) | Richard Drew

NEW YORK (AP) — Stocks are sharply lower following weak earnings from several U.S. companies, more trouble in emerging markets and economic stimulus cuts from the Federal Reserve.

The Standard & Poor’s 500 index fell 18 points, or 1 percent, to close at 1,774 Wednesday. The S&P 500 has ended lower on four of the last five days.

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Federal Reserve Financial Markets