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Published: Wednesday 02 October, 2013

mango online shop mango online shop ?Europes debt prob mango online shop lems threaten U

Jin Lee/BloombergTraders work on the floor of the New York Stock Exchange in New York, June 23, 2010. Stocks dropped, Treasuries rose and the dollar weakened against the euro and yen after the Federal Reserve said European debt may harm economic growth and American newhome sales sank to a record low.

Stocks closed mixed today after the Federal Reserve indicated that problems in Europe pose a threat to the economy and that it would keep interest rates low.

The Dow Jones industri mango online shop al average rose about five points while broader indexes fell. Treasury prices rose, pushing down interest rates. The yield on the benchmark 10year Treasury note fell to its lowest level in more than a year.

In a statement following a meeting of its policymaking committee, the Fed has said that financial conditions have become less supportive of economic growth. The central bank cited what it called developments abroad but didn mention Europe by name.

Stocks have fallen from 2010 highs in April on worries that debt problems in Europe would spread and hurt a global rebound.

The market went through the backandforth trading that often follows Fed statements. Traders said the Fed statement wasn a big surprise, including the assertion that the economy recovery is likely to be moderate for a time.

The Fed is acknowledging what we all seeing, said Mike Materasso, cochair of the fixed income po mango online shop licy committee at Franklin Templeton. with regard to employment, housing and even retail sales that is disappointing.

Stocks fell in morning trading after new home sales dropped by a third to a record low last month. The market traded essentially flat ahead of the Fed afternoon statement.

The government report that new homes sales fell to a seasonally adjusted annual pace of 300,000 was far weaker than expected.

Economists polled by Thomson Reuters had forecast sales would drop nearly 19 percent to a seasonally adjusted annual rate of 410,000.

The homebuyer credit expired April 30, and its absence is expected to be felt beyond the May sales figures.

I think the market is, thankfully, already getting used to the idea that housing is going to fall off a cliff between the end of the homebuyer tax credit and now, said John Canally, economist at LPL Financial.

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