U.S. equity markets opened on a subdued note on Wednesday after reaching all-time highs on Tuesday, as traders are focused on the Federal Reserve’s interest-rate decision at 2 p.m. Eastern. Although the market isn’t expecting any change to interest rates, investors will be anticipating an update to monetary policy and Fed Chairwoman Janet Yellen’s outlook for the economy and stubbornly low inflation at a news conference a half-hour after the release of the central bank’s statement. The S&P 500 opened 0.36 points or 0.01% higher at 2,507, while the Dow Jones Industrial Average slipped 0.01% or 2.3 points to 22,370 points at the open. The Nasdaq Composite started Wednesday 5.8 points–0.09%– lower at 6,456. In individual stocks, General Mills slipped after missing earnings, dropping 6.4%.
comp 2507 1.11 0.04
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News