July 10, 2014
US stocks slip, dollar flat as traders await Fed decision
The Dow Jones industrial average closed down 9.31 points, or 0.06 percent, at 15,875.26. The Standard & Poor's 500 Index was down 5.54 points, or 0.31 percent, at 1,781.00. The Nasdaq Composite Index was down 5.84 points, or 0.14 percent, at 4,023.68.
European shares closed lower, resuming a downward slide seen for much of this month.
Oil services shares were among the top losers after a profit warning from French seismic surveyor CGG. CGG shares plummeted 16.9 percent in massive volumes, on track for their biggest one-day percentage drop in five years, also hitting rivals like Technip.
Weakness spread across the sectors, however, with fallers on the pan-European FTSEurofirst 300 index outnumbering risers by around two to one.
The FTSEurofirst 300 closed down 0.8 percent at 1,248.30 points, resuming its sell-off after a bounce higher the previous session. The EuroSTOXX 50 index of euro zone blue chips, meanwhile, fell 1.2 percent to 2,941.76.