Market quiet ahead of Fed meeting

Stock Prices changed little in New York today as investors refrained from building major new positions on the eve of the Federal…

Stock Prices changed little in New York today as investors refrained from building major new positions on the eve of the Federal Reserve's meeting on interest rates.

At the close of trading on Wall Street, the Dow Jones industrial average was down 8.57 at 10,760.75.

Broader stock indicators were also slightly lower. The Nasdaq composite index slipped 2.19 to 3,218.96, its first loss since November 9th. The Standard and Poor's 500 index fell 1.66 to 1,394.40. Advancing issues outnumbered decliners by an 8-to-7 margin on the New York Stock Exchange, with 1,671 up, 1,418 down and 485 unchanged.

NYSE volume totalled 792.55 million shares, against 895.25 million in the previous session.

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The Russell 2000 index of smaller companies rose 3.28 to 452.97.