Markets Lower on Fed Reserve Stimulus Cut, Emerging Market Woes

Markets closed lower Wednesday, extending losses after the Federal Reserve cut its bond buying program by another $10 billion a month, citing improvement in the US economy. U.S. equities opened in the red on concerns over stability in emerging markets and lackluster corporate earnings with the further wind-back of stimulus expected to trigger ongoing equity volatility. The central bank made no mention of emerging markets in its statement, focusing on domestic economic improvement. TheStreet's Jane Searle speaks to Keith Bliss from Cuttone at the NYSE.