NEW YORK, June 18 (AFP): Wall Street stocks Wednesday opened slightly lower as investors looked ahead to a policy announcement from the US Federal Reserve later in the day.
Six minutes into trade, the Dow Jones Industrial Average fell 27.00 points (0.16 per cent) to 16,781.49.
The broad-based S&P 500 slipped 0.15 of a point (0.01 per cent) to 1,941.84, while the tech-rich Nasdaq Composite Index lost 0.28 (0.01 per cent) at 4,336.96.
The Fed announcement, scheduled for 1800 GMT, is expected to continue a plan to gradually end its stimulus program by further reducing bond purchases, currently at $45 billion a month.
But analysts will scrutinize Fed Chair Janet Yellen's news conference for any hint of changes to the trajectory for interest rates.
US stocks edge lower as investors eye Fed
FE Team | Published: June 19, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
Share if you like