Financial Times FT.com

Wall St retreats on stimulus scepticism

By Kiran Stacey in New York

Published: March 19 2009 12:58 | Last updated: March 19 2009 20:54

US stocks fell on Thursday as investors continued to react to the Federal Reserve’s bold plan to buy up assets in order the stimulate the economy.

Financials fell steeply, outweighing rises in materials and energy stocks, as investors bet the plan would not be as beneficial for banks as hoped, but would trigger a rise in commodity prices and a fall in the dollar.

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