14 May 2001, 09:05 US stocks fall on perception next rate cut may be last
New York, May 11 (BridgeNews) - U.S. stocks ended lower after
stronger-than-expected economic data stoked fears that the Federal Reserve
would be less aggressive in cutting interest rates this year. Volume was
painfully thin, however, with many players sidelined ahead of the FOMC
policy meeting on Tuesday. The Nasdaq closed down 21.50, or 1.01%, at
2107.36. The Dow was down 89.13, or 0.82%, at 10,821.31 and the S&P 500
was down 9.53, or 0.76%, at 1245.65.
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