Independent, Fee-Only Financial Advisor
Tuesday, November 09, 2010
Stocks fell today as investors became increasingly concerned about the potential impacts of the Federal Reserve's stimulus plans announced last week. Global controversy has been mounting over the Fed's moves ahead of a group of 20 summit meeting that begins Wednesday night in Seoul. Data showed inventories at U.S. wholesalers grew more than twice as much as expected in September. While the inventory build could be seen as a sign that companies are confident demand will hold up as the economy continues to recover, some worried about whether that might leave companies with more inventory than they can sell. DJIA -60.09 Nasdaq -17.07 S&P 500 -9.85.