US STOCKS SNAPSHOT-Wall St extends losses; Nasdaq off 1 pct

NEW YORK Wed Feb 20, 2013 7:59pm GMT



NEW YORK Feb 20 (Reuters) - U.S. stocks extended losses on Wednesday following minutes from the U.S. Federal Reserve that suggested the central bank may have to slow or stop buying assets before seeing a pickup in hiring.

The Dow Jones industrial average was down 68.54 points, or 0.49 percent, at 13,967.13. The Standard & Poor's 500 Index was down 13.14 points, or 0.86 percent, at 1,517.80. The Nasdaq Composite Index was down 33.43 points, or 1.04 percent, at 3,180.16.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.