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May 9, 2007

Stocks flat ahead of Fed meeting

NEW YORK (AP) — Wall Street battled back from sharp losses Tuesday to close mostly flat as investors sought buying opportunities and adjusted their holdings ahead of the Federal Reserve's meeting on interest rates.

Stocks were down for most of the session on concerns about what central bankers might say about the economy. However, the drop — the first for the Dow Jones industrials in six sessions — did make some prices look more attractive ahead of the Wednesday meeting.


 
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