Stocks fall as traders lock in profits after rally

Published August 10, 2009 4:00am ET



With the stock market in a bit of a news lull, investors decided to lock in some profits.

Stocks fell modestly Monday in the absence of any major corporate or economic developments. Investors were cautious ahead of a two-day meeting of the Federal Reserve that starts Tuesday, and they’re waiting for retail earnings reports to give some clues about consumer spending for the rest of the year.

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