Major averages finished yesterday flat to lower, finishing near their intraday lows on lower, below average volume. The indexes started the day out with a gap-up open, but most stocks drifted back to the downside by the close, giving up most of their gains.
For the most part the market appears to be consolidating ahead of the Fed policy announcement tomorrow. Expect more tentative trading ahead of the Wednesday conclusion to the Federal Reserve's two-day meeting.
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