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Empresas y finanzas

Wall Street off on Fed caution


    NEW YORK (Reuters) - Stocks fell at the open on Wednesday as investors turned cautious before the Federal Reserve's policy decision, due later in the day, tempering optimism from a report that IBM was in talks to buy computer maker Sun Microsystems .

    Fed to conclude two-day policy meeting, statement expected around 2:15 p.m EDT.

    IBM in talks to buy Sun according to WSJ report.

    The Dow Jones industrial average dropped 72.32 points, or 0.98 percent, to 7,323.38. The Standard & Poor's 500 Index fell 6.93 points, or 0.89 percent, to 771.19. The Nasdaq Composite Index slipped 9.87 points, or 0.68 percent, to 1,452.24.

    (Reporting by Rodrigo Campos, Editing by Chizu Nomiyama)