Points. the s&p and nasdaq closed lower. they had record highs on friday. this is all about the fed, the federal reserve. the central bank has a two-day july meeting that starts today. its decision on interest rates comes tomorrow afternoon. if the fed cuts rates it will push down borrowing costs, rates on credit cards and other loans. a general motor 78-year-old transition plant in warren, michigan, is halting production, the plant one of five in north america gm announced would suspend operations last year. it plans to build fewer sedans as customers demand more trucks and suvs. the plant ...