Market Wrap for Wednesday, August 28: Fed Tapering Might Not Be Near
August 28, 2013 at 16:37 PM EDT
Housing market is getting hit by the increasing interest rate environment threatening economic recovery; investors perceive the data as a positive, as the Fed will be less likely move ahead with tapering and push stock markets higher. Major Movers The Dow Jones Industrial Average was up by +48.38 points, or 0.33