Stocks lose ground while bond yields rise with rates in focus

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NEW YORK/ LONDON Dec 13 - MSCI's global equity index was lower on Friday while the dollar index barely changed after five days of gains as investors waited for clues about the future path for interest rates from next week's U.S. Federal Reserve meeting.

Friday's data showed U.S. import prices barely rose in November as increases in food and fuel costs were partially offset by decreases elsewhere, thanks to a strong dollar. At 11:26 a.m. EST the Dow Jones Industrial Average , opens new tab fell 3.07 points, or 0.01%, to 43,908.44, the S&P 500 , opens new tab fell 8.97 points, or 0.15%, to 6,042.32 and the Nasdaq Composite , opens new tab fell 59.91 points, or 0.30%, to 19,842.92.

The 2-year note yield, which typically moves in step with Fed interest-rate expectations, rose 4 basis points to 4.226%, from 4.186% late on Thursday.

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