U.S. stocks fall day before Fed meeting
U.S. stock indexes closed down Monday, a day before the U.S. Federal Reserve was to meet to discuss interest rates.
The Dow Jones industrial average fell 39.10 points, or 0.29 percent, to close at 13,403.42. The broader Standard & Poor's 500 Index slipped 7.60 points, or 0.51 percent, at 1,476.65.
On the New York Stock Exchange, 1,044 stocks rose and 2,259 declined, on volume of 2.6 billion shares traded.
The technology-heavy Nasdaq Composite Index lost 20.52 points, or 0.79 percent, at 2,581.66.
In London, the FTSE index fell 106.50, or 1.69 percent, to close at 6,182.80.
Japan's Nikkei 225 index finished the day up 306.23 points, or 1.94 percent, at 16,127.42.
The benchmark 10-year U.S. Treasury note fell 2/32, yielding 4.464 percent, while the 30-year bond was up 14/32, yielding 4.698 percent.
The U.S. dollar fell to 115.17 yen from 115.30 yen in New York late Friday. The euro fell to $1.3866 from $1.3878.
Gold for December delivery finished up $6, or 0.8 percent, at $723.80 an ounce. // Copyright 2007 by United Press International
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