Stocks Mixed Before Fed Decision

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– National

Investors put off major decisions Monday, leaving stocks mixed as Wall Street awaited the results of the first Federal Reserve rate-setting meeting chaired by Ben Bernanke.


The Dow Jones Industrial Average fell 29.86, or 0.3 percent, to 11,250.11. The Standard & Poor’s 500 Index lost 1.34, or 0.1 percent, at 1,301.61. The Nasdaq Composite Index climbed 2.76, or 0.1 percent, to 2,315.58.


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– Local


Local movers were led by Arden Group Inc., which gained 3.6 percent to $91.44, CB Richard Ellis Group Inc., which rose 1.5 percent to $78.61, and Ryland Group Inc., which climbed 0.9 percent to $71.49. On the down side, Public Storage Inc. fell 2.3 percent to $79.10, Guess Inc. lost 2.9 percent to $37.51 and Jacobs Engineering Group Inc. slipped 1.1 percent to $85.70.

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