NEW YORK, Sept 17 - U.S. stock markets gave back some early gains and the dollar firmed on Tuesday, as strong economic data allayed slowdown fears ahead of a policy meeting on Wednesday where the Federal Reserve is expected to cut interest rates.
"That points to a healthy state of the economy," said Peter Cardillo, chief market economist at Spartan Capital Securities. Cardillo expects Fed Chair Jerome Powell to cut rates by 25 basis points on Wednesday, and would be looking for clues to future moves. The S&P 500 , rose to an all-time intraday high at one point in the session, but flattened in afternoon trading and was last quoted down 0.01% at 5,632.63. The Dow Jones Industrial Average , fell 0.04% to 41,604.83. MSCI's All-World index , was unchanged at 828.43.
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