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Author
The Associated Press
Date
August 21, 2013

News Summary: Dow sinks for a sixth day

FED SINKS STOCKS: The Dow fell more than 100 points after the Federal Reserve disclosed that its top officials were mostly in agreement that the central bank should end its massive bond-buying program.

WORST STREAK IN A YEAR: The blue chips have fallen six days in a row, its worst losing streak since July 2012. The Dow has fallen nearly 5 percent from its all-time high of 15,658 reached Aug. 2.

STAPLES COMES UNGLUED: Office supplies retailer Staples plunged 15 percent to $14.27 after reporting earnings and sales that missed analysts’ expectations. Staples also slashed its full-year profit forecast.

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