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US stocks in red ahead of Fed meeting

Published on Jul 31, 2012 7:33 AM

NEW YORK (AFP) - United States (US) stocks closed in the red on Monday as Wall Street hoped for US Federal Reserve and European Central Bank stimulus action this week and awaited a report on the July jobs market.

After two big euro-driven rallies late last week, the major indices struggled to maintain modest gains in markets lacking a catalyst.

The Dow Jones Industrial Average finished the session at 13,073.01, drifting down 2.65 points (0.02 per cent).

The S&P 500 slipped 0.67 point (0.05 per cent) to 1,385.30 and the Nasdaq shed 12.25 (0.41 per cent) to 2,945.84.

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