While you were sleeping Fed positioning stalls rally

Tue, 10 Dec 2013

By Margreet Dietz Dec. 11 (BusinessDesk) – Stocks on both sides of the Atlantic fell, pushing the Standard & Poor’s 500 Index down from a record-high close, as investors positioned themselves ahead of next week’s US Federal Reserve meeting. In afternoon trading in New York, the Dow Jones Industrial Average fell 0.15 percent, the Standard & Poor’s 500 Index declined 0.18 percent, while the Nasdaq Composite Index slipped 0.10 percent. Declines in shares of Verizon Communications and Microsoft, both 1.2 percent weaker, propelled the Dow lower....

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