Market News: Priceline.com, Inc (PCLN), Groupon Inc (GRPN)

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Market News: Priceline.com, Inc (PCLN), Groupon Inc (GRPN)
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The stock markets in the United States declined after Federal Reserve officials indicated that the central bank will continue tapering its monthly bond-buying program.

Richard Fisher, president of the Federal Reserve Bank of Dallas stated that it is hard to argue that further expansion of the balance sheet of the central bank had “much efficacy.” According to him, that is the primary reason why he has been a strong proponent of reducing the large bond-buying program of the Fed. He vowed that he will “continue advocating” for that to happen.

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