Stocks are likely to remain choppy Tuesday amid mixed cues from overseas shores due to caution ahead of Federal Reserve meeting to decide on US interest rates later today.
Meanwhile, US stocks fell on Monday as shares of energy and commodity-related companies tumbled on falling oil and metals prices and investors worried the housing slump could fuel further losses at financial companies. The Dow Jones Industrial Average fell 42.17 points, or 0.37 per cent, to 11,284.15, the Standard & Poor's 500 Index slid 11.30 points, or 0.90 per cent, to 1,249.01, while the Nasdaq Composite Index dropped 25.40 points, or 1.10 per cent, to 2,285.56.
Tuesday, August 5, 2008
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