WALL Street stocks fell yesterday as investors nervously contemplated turmoil in emerging markets overseas and awaited today's Federal Reserve decision on interest rates.
The blue-chip Dow Jones industrial average fell 45.09 points to 9050.91.
The stock market continued its recent downward trend while digesting news of turmoil in Indonesia and awaiting the outcome of the Federal Open Market Committee meeting, said Alfred Goldman, market analyst at AG Edwards and Sons.
''It's still a bull market, but it's taking a normal time-out pause to refresh,'' he said.
''We are churning in a trading range in the Dow from 8600 to about 9200 on the upside. We are going to do this for a few weeks.''
The broad-based S&P 500 index slid 3.13 points to 1105.60.
The technology-heavy Nasdaq composite index was hit harder, fallling 15.18 points to 1831.59.
The Nasdaq was pulled lower by technology bellwether Microsoft after the US Justice Department and 20 states filed antitrust lawsuits against the software giant.
Antitrust move Page 25
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