US stocks fall ahead of Fed meeting
9 years, 4 months ago

US stocks fall ahead of Fed meeting

Live Mint  

US stocks were lower in early trading on Monday ahead of this week’s Federal Reserve policy meeting and as Apple shares fell a day before it reports quarterly results. While Fed chair Janet Yellen has said the central bank could raise rates this year, it will do so only if there are clear signs of sustained economic growth. “I don’t think it’s anything more than an early morning breather after a nice surge in equities,” said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey. The three major indices touched their highest levels since early August, when China’s devaluation of its currency sent global markets into a tailspin.

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