U.S. stocks ended the day lower after many investors put off trades ahead of the Federal Reserve meeting later this week. Shartia Brantley reports.
Four days and counting. Investor concerns ahead of the crucial Fed decision Thursday on interest rates sent shares lower on Wall Street as well as Europe. Oil-related stocks fell again on a further drop in oil prices. But buy on the dips, including oil stocks, advises Steve Dudash of IHT Wealth Management. SOUNDBITE: STEVE DUDASH, PRESIDENT, IHT WEALTH MANAGEMENT (ENGLISH) SAYING: "I've told my clients, the ones sitting in cash, every time you see a downturn, every time you see one of these two percent drops, buy in. Buy in to whatever sector we're looking at the time. We like energy. We like financials." A splashy debut for the new iPhones. Apple says, advance orders are on track to surpass the ten million sold on the first weekend last year. Some investors sold shares of Alibaba after the weekly, Barron's said, the Chinese marketplace operator could lose another fifty percent of their value. It cited China's struggling economy as one of the reasons. Also falling: Yahoo, which has a stake in Alibaba. Separately, the Internet company's media head has decided to leave, and sources say a major shake up of its media unit is in the works. Solera Holdings bolted higher. Private equity firm Vista Equity Partners is buying the technology services provider for $3.7 billion. In Europe, German stocks bucked the downtrend, ending just a fraction higher.