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Stocks give up gains as Fed meets


    NEW YORK (Reuters) - Stocks gave up early gains and the Nasdaq and the Dow industrials turned negative on Wednesday as investors were cautious at the start of the Federal Reserve's two-day policy meeting that could bring new measures to stimulate the economy.

    The Dow Jones industrial average dropped 0.94 points, or 0.01 percent, to 13,322.42. The Standard & Poor's 500 Index was up 0.15 points, or 0.01 percent, at 1,433.71. The Nasdaq Composite Index dropped 2.07 points, or 0.07 percent, to 3,102.45.

    (Reporting By Edward Krudy, editing by Dave Zimmerman)