Stocks pulled back ahead of the FED meeting, Dow down 50 & decliners over advancers 3-2. Not much to do but wait.
UBS (UBS) reported a very ugly Q4, over $14B loss due to bad sub-prime loans. Merck (MRK), a Dow stock, & Yahoo (YHOO) are down after earnings announcements. Merck set aside almost $5B for claims against Vioxx.
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