Independent, Fee-Only Financial Advisor
Monday, April 25, 2011
Blue-chip stocks slipped today as investors grew concerned about the impact of rising input costs, although strong reports in the technology sector limited the drop. The slight declines came as the latest round of U.S. corporate earnings drew attention to the increasing costs companies are battling. Meanwhile, investors were also looking to the Federal Reserve's decision on monetary policy following a two-day meeting that begins tomorrow. In the statement, the Federal Reserve officials are expected to signal that in June they plan to end their controversial strategy of buying $600 billion in U.S. Treasury bonds to spur the economy. DJIA -26.11 Nasdaq +5.72 S&P 500 -2.13.