Monday, December 18, 2017
 
 
News: Page (1) of 1 - 09/20/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Stocks close mixed as traders await Fed decision
Stocks trim their gains as Fed begins 2-day meeting and amid gloomy news on global economy
By The Associated Press

NEW YORK (AP) ' Stocks are erasing their gains after rallying all day on hopes the Federal Reserve would take steps to stimulate the economy.

Many analysts believe the Fed will announce a new stimulus plan at the end of a two-day policy meeting Wednesday. But investors are selling stocks amid fear that European finance ministers may not be able to prevent a Greek default and signs that U.S. growth is slowing.

At the closing bell, the Dow Jones industrial average is eking out an 8 point, or 0.1 percent gain, at 11,409. The Standard & Poor's 500 index is down 2, or 0.2 percent, at 1,203. The Nasdaq composite is down 23, or 0.9 percent, at 2,590.



Nearly two stocks fell for every one that rose. Trading was light, at 3.8 billion shares.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines