US Stocks are Little Changed in Early Trading
NEW YORK (AP) — Stock indexes are barely budging in early trading on Wall Street as traders wait for the latest news from the Federal Reserve.
The Dow Jones industrial average and the Standard & Poor's 500 index held at the record levels they set the day before.
The Dow was up 10 points, less than 0.1 percent, at 15,692 after the first few minutes of trading Wednesday.
The S&P 500 was up a point, also less than 0.1 percent, at 1,773. The Nasdaq composite was up 12 points, 0.3 percent, at 3,964.
The Federal Reserve releases a policy statement later Wednesday following a two-day meeting. Investors expect the Fed to maintain its $85 billion in monthly bond purchases to support the economy.
General Motors and Electronic Arts rose after reporting higher earnings.