It was a quiet trading day on Monday with the lack of important economic data and cautiousness ahead of the FOMC meeting. Wall Street ended the day with mild gains with the DJIA and the S&P 500 adding +0.29% and +0.02% respectively. The US dollar fell before FOMC meets as the Fed Chairman Ben Bernanke remained concerned about the US employment conditions. Yet, the generally positive tone of recent data signaled that the chance of further quantitative easing has lowered. In the commodity sector, both crude oil and gold slipped, amid concerns over the slowdown of Chinese economy.
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