July 10, 2014
Tuesday, December 17, 2013

US stocks slip, dollar flat as traders await Fed decision

Stock prices dipped and the dollar ended little changed today as the US Federal Reserve began a two-day policy meeting, with investors awaiting possible signals on when it plans to start winding down its massive stimulus program.

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.

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Tags:  Europe  shares  stocks  markets  Nikkei  

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