Beige Book Points To Modest Growth; Dow Drops More Than 200 Points
June 05, 2013 at 15:16 PM EDT
The Federal Reserve’s latest “beige book” report didn’t do much to help buoy sinking stock indexes. The report paints picture of an economy continuing to expand at a “modest rate,” helped by a resurgent housing industry and steady gains in manufacturing. Still, with less than an hour left in the trading day, the Dow Jones [...]