Fed meets tomorrow, markets close mixed

The markets closed mixed with the Dow losing 23 points to 17,623 even as investors expect the Federal Reserve to hold interest rates steady during its policy meeting beginning tomorrow. Nasdaq added 2 points to 5,034.


On the upside


LendingTree (Nasdaq: TREE) impressed with sharply higher third quarter earnings and revenue that surpassed analyst expectations.


Shares of Relypsa (Nasdaq: RLYP) continued climbing.


Macquarie upgraded Pandora Media (NYSE: P) from a Neutral rating to an Outperform rating.


On the downside


Arch Coal (NYSE: ACI) stock extended its losses.


Falling natural gas prices weighed down shares of EXCO Resources (NYSE: XCO).


Horsehead Holding (Nasdaq: ZINC) named Greg Belland to the position of senior vice president.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 3 points to 2,071. Bitcoin held steady at $283.

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