Wednesday, May 9, 2007

Wall Street indexes end steady ahead of Fed meeting

(Reuters) - U.S. stocks closed flat on Tuesday as investors locked in profits after five straight sessions of gains in blue chips, a day before the Federal Reserve's meeting on interest rate policy.

After starting the session sharply lower, indexes clawed their way back as investors saw the decline as the first buying opportunity in more than a week. Resilience in the transportation sector also curbed the market's fall.


Read more at Reuters Africa

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