14 May 2001, 09:05  US stocks fall on perception next rate cut may be last

New York, May 11 (BridgeNews) - U.S. stocks ended lower after stronger-than-expected economic data stoked fears that the Federal Reserve would be less aggressive in cutting interest rates this year. Volume was painfully thin, however, with many players sidelined ahead of the FOMC policy meeting on Tuesday. The Nasdaq closed down 21.50, or 1.01%, at 2107.36. The Dow was down 89.13, or 0.82%, at 10,821.31 and the S&P 500 was down 9.53, or 0.76%, at 1245.65.

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