Tue, October 12, 2010
Business > Markets

US stocks dip as traders await Fed meeting details

2010-10-12 15:52:10 GMT2010-10-12 23:52:10 (Beijing Time)  SINA.com

Stocks are inching lower as traders are cautious before the Federal Reserve releases minutes from its September meeting.

The details could provide clues about the central bank's widely expected plans to stimulate the economy through stepped-up bond purchases. The Fed has hinted it is prepared to help jump-start the economy, though it provided few details about its plans.

Small gains in the technology sector helped the market pare early losses.

The Dow Jones industrial average fell 26, or 0.2 percent, to 10,985 in midday trading Tuesday.

The S&P 500 is down 1, or 0.1 percent, to 1,164, while the Nasdaq composite is up 3, or 0.1 percent, at 2,405.

(Agencies)

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