Wall Street mixed ahead of FOMC showdown

Wall Street was a mixed day today as we head ever closer to the FOMC showdown. Us stocks are doing better this month on a broad recovery.

The S&P 500 is up some 8% as USeconomic data offers an improved outlook along with a slightly better sentiment in the commodity sector with the recent recovery attempts. However, these may still be somewhat ahead of the curve given the outlook for the global economy as a whole and hence socks remain mixed on Wall Street. The Dow Jones Industrial Average rose 0.1%, the S&P 500 fell 0.2% and the Nasdaq Composite was off 0.5%.

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