Tuesday, May 8, 2007

US STOCKS-Indexes dip on profit-taking before Fed meeting

(Reuters) - NEW YORK, May 8 - U.S. stocks declined modestly on Tuesday as investors decided to book profits on five straight sessions of gains in blue chips, a day before the Federal Reserve's meeting on interest-rate policy.

The market pared some of its morning losses as investors saw the decline as the first buying opportunity in more than a week. Resilience in the transportation sector also limited the market's decline.


Read more at Reuters.com Bonds News

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