Wednesday, September 21, 2011

U.S. stocks mostly lose gains ahead of Fed

U.S. stocks squandered most gains Tuesday as Wall Street looked for signs of resolution to Europe’s debt crisis and for steps from the Federal Reserve to juice the economy.
“A lot of it at this point really trades over optimism or pessimism about Europe; it’s a giant game of chicken, as the political forces in Europe have the power to make this go away,” said Bruce McCain, chief investment strategist at Key Private Bank.
McCain said the Fed will probably implement a few measures to help the economy that don’t involve adding more to the central bank’s balance sheet.

Dow Jones Industrial Average

 (DJI: ^DJI )
Index Value:11,408.66
Trade Time:4:02PM EDT
Change:Up 7.65 (0.07%)
Prev Close:11,401.01
Day's Range:11,373.92 -11,550.22
52wk Range:10,588.50 -12,928.50

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