News Column

U.S. Stocks Open Lower Ahead of Fed

December 18, 2013
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U.S. stocks open mostly lower Wednesday morning ahead of the Fed meeting (AP)

NEW YORK (AP) Stocks are edging mostly lower in Wall Street in early trading as traders hold back at the beginning of a two-day policy meeting of the Federal Reserve.

The Standard & Poor's 500 index was down almost four points, or 0.2 percent, at 1,782 after the first few minutes of trading Tuesday.

The Dow Jones industrial average was down two points, just 0.02 percent, at 15,882. The Nasdaq composite was down 10 points, or 0.3 percent, at 4,019.

The Fed wraps up its meeting Wednesday. It will also release economic projections and hold a news conference.

Manufacturer 3M led the Dow higher with a 3 percent gain after increasing its dividend and predicting steady earnings gains through 2017.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Original headline: US stocks open mostly lower ahead of Fed meeting


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Source: Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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