Major US stock indices fell Tuesday as wary
investors await the Federal Reserve's announcement on monetary policy
The US central bank began a two-day policy meeting Tuesday to discuss possible stimulus measures. The European Central Bank and Bank of England are scheduled to conclude similar meetings Thursday.
Earlier this month Federal Reserve chairman Ben Bernanke suggested the central bank might be ready to increase recession-easing measures.
The blue-chip Dow Jones Industrial Average dropped 64.33 points, or 0.49 per cent, to 13,008.68. The broader Standard & Poor's 500 Index slipped 5.97 points, or 0.43 per cent, to 1,379.33. The technology-heavy Nasdaq Composite Index fell 6.32 points, or 0.21 per cent, to 2,939.52.
The US currency dropped against the euro to 81.27 euro cents from 81.58 euro cents on Monday. The dollar slipped against the Japanese currency to 78.12 yen from 78.17 yen.
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