US Stocks Fall As Fed Meeting Outcome Nears; DJIA Down 31

U.S. stocks sank shallowly into the red, as investors treaded water ahead of the long-awaited outcome of the Federal Reserve meeting.

The Dow Jones Industrial Average fell 31 points to 11158 in midday trading, while the Standard & Poor's 500-stock index slipped four points to 1189 and the Nasdaq Composite fell 13 points to 2521.

Investors were treading lightly after big Republican gains in Congress, but before the Fed announcement, due around 2:15 p.m. EDT. Investors have pushed up the stock market in recent weeks as expectations have grown that the central bank will turn to some form of quantitative.

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