Monday, June 19, 2006

Markets Close Lower Before Rate Decision

The markets closed lower ahead next week's interest rate decision by the Federal Reserve. The Dow tumbled 72 points to 10,942 while Nasdaq dropped 20 points to 2,110. The S&P 500 lost 11 points to 1,240 while the 30-year bond eased as the yield rose to 5.183%.

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