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The Fed has been buying $85 billion of bonds each month in an effort to keep interest rates low and encourage borrowing, lending and investing. That stimulus has also been a major factor supporting the rally in the stock market as investors seek alternatives to bonds. Eastern Daylight Time. The S 500 index fell 13 points, or 0.8 percent, to 1,647. The Nasdaq composite dropped 23 points, or 0.7 percent, to 3,465. michael kors aviator sunglasses
Investors awaited President Barack Obama's State of the Union address. The president is expected to prod Congress to move to spur the economy in his speech and he will also touch on immigration, gun control and climate change. michael kors aviator sunglasses The showroom/representation centre at 6 Pabst Lane, which gives potential residents insight into what they are buying into, is the work of Alessandro Munge, managing partner in Munge Leung Associates.
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