Financial Times FT.com

US stocks follow commodities lower

By Samantha Pearson in New York

Published: September 23 2009 13:53 | Last updated: September 23 2009 22:11

Commodity stocks dragged Wall Street lower on Wednesday, forcing the market to give up modest gains following an optimistic statement from the Federal Reserve.

In an announcement at the end of the Fed’s two-day monetary policy meeting, the committee said that it would hold interest rates and continue to use a range of tools to help the economy along the road to recovery.

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