The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

New York (AFP) – U.S. stocks Tuesday fell for a second day in a row as speculation increased that the U.S. Federal Reserve will soon scale back its bond-buying program.

At the closing bell, the Dow Jones Industrial Average fell 94.40 points (0.59 percent) to 15,914.37.

The broad-based S&P 500 dipped 5.81 (0.32 percent) to 1,795.09, while the tech-rich Nasdaq Composite Index declined 8.06 (0.20 percent) to 4,037.20.

Stocks have soared for most of 2013 despite periodic fits that the Fed will trim its $85 billion per month bond-buying program.

That speculation picked up following strong economic data on Monday, a dearth of major economic news on Tuesday and ahead of a big U.S. labor report Friday that many feel could hasten Fed action if jobs growth is strong.

The markets are falling because of “more taper fears” as economic data improves, said Brent Schutte of BMO Private Bank.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Jacob Chansley, or the "QAnon Shaman," in face paint, furs and horned hat during the January 6 Capitol riot.

Screenshot from Justice Department complaint

Notorious Capitol rioter Jacob Chansley, better known as the "QAnon shaman," is negotiating a possible plea deal with prosecutors after psychologists found he suffers from multiple mental illnesses, his lawyer told Reuters -- while painting a rosy image of the violent insurrectionist's part during the Capitol riot.

According to Albert Watkins, Chansley's defense lawyer, he was diagnosed with transient schizophrenia, bipolar disorder, depression, and anxiety by officials at the federal Bureau of Prisons (BOP). The findings have not yet been made public.

Keep reading... Show less

'Audit' under way in Maricopa County, Arizona.

Screenshot from azaudit.org

This article was produced by Voting Booth, a project of the Independent Media Institute.

The "big lie" that President Joe Biden was not legitimately elected is not going away. One reason is Americans who care about their democracy are not learning how votes for president in 2020 were counted and verified — neither from the big lie's promoters nor from most of its fact-driven critics.

Keep reading... Show less
x

Close