Closing Bell: Stocks Slump as Fed Keeps March Possibility in Play

U.S. stocks slumped to session lows in the final hour of trading after a statement from the Federal Reserve acknowledging weaker U.S. growth and turmoil overseas unsettled investors. The Dow dropped more than 200 points. What was even more worrying to investors, the central bank kept coy on timing for…

Midday Report: U.S. Stocks Slump as Confidence Drops to Seven-Month Low

U.S. stocks slipped alongside crude oil as commodity traders grew impatient over negotiations among members of the Organization of Petroleum Exporting Countries. Saudi Arabia’s oil minister said producers will convene again in March to negotiate a production freeze. Consumer confidence fell to its lowest level in seven months in February…