Dow Jones: Investors Jump To Sidelines Ahead Of Fed's Statement
ICM Brokers | Sep 16, 2014 02:31AM ET
Dow Jones
U.S. stocks ended Monday mixed to lower, with tech shares taking a beating ahead of an Alibaba initial public offering, with investors also jumping to the sidelines ahead of the Federal Reserve's Wednesday statement on monetary policy. U.S. stocks end mixed ahead of Fed meeting; Dow gains 0.26% U.S. stocks end mixed in tech sell off, with Federal Reserve in focus. At the close of U.S. trading, the Dow 30 rose 0.26%, The Fed is also expected to cut its quantitative easing program to $10 billion in Treasury and mortgage-backed securities purchased each month from $15 billion before closing the program in October, though uncertainty as to whether Fed language will hint at when interest rates may rise prompted investors to sell ahead of time, with tech stocks taking the brunt.
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