Wall Street Closes Volatile Day As Fed Meeting Nears


Posted on: September 14th, 2016 by ABC News No Comments

robertcicchetti/iStock/Thinkstock(NEW YORK) – Wall Street finished a wild day ahead of a Federal Reserve meeting next week.

The Dow closed down 31.98 (-0.18%) to finish at 18,034, its lowest close since July.

The NASDAQ rose 18.52 (0.36%) to close at 5,173 and the S&P finished the session down 1.25 (-0.06%) to end at 2,125.

The Federal Reserve meets next week and could announce it’s raising interest rates for the second time in less than a year.

A mega corporate merger is underway.  Bayer’s offered to buy Monsanto for $66 billion. It’s the largest cash bid for a company in history, and the biggest takeover this year. The combined company would control more than a quarter of the world’s seed and pesticide market.  

Ford is shifting all of its small car production to a new $1.6 billion assembly plant south of the border to Mexico.

UPS says it’s going to hire 95,000 seasonal workers this year, 5,000 more than 2015.

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