Updated at 11:27 a.m., Monday, September 17, 2007
Stocks end down as interest-rate decision awaited
Associated Press
Stocks ended moderately lower Monday as investors awaited the Federal Reserve's decision on interest rates. While Wall Street generally expects Fed policymakers will lower rates at Tuesday's meeting, investors are unclear about what the Fed might indicate in its accompanying economic assessment. In addition, appeared uneasy about bank earnings due later in the week and as Northern Rock PLC, Britain's fifth-largest mortgage lender, saw its stock plunge and customers withdraw billions of dollars after it issued a profit warning Friday and drew on emergency funds from the Bank of England.
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