U.S. stocks opened mostly higher on Wednesday, with only the Dow lagging in the red shortly after the start of cash trading.
Investors attributed the latest Treasury refunding announcement, where the department said it would sell $112 billion in notes and bonds next week, not far out of line with expectations, for helping to reverse premarket losses. Investors are now waiting to hear from Fed Chairman Jerome Powell this afternoon New York time. Here's where the main indexes were trading: S&P 500 up 0.2% at 4,202. Nasdaq Composite up 0.4% at 12,906. Dow off 20 points, or 0.
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Stock Market Today: Stocks slide, Treasury yields steady as Fed decision loomsInvestors are bracing for a key Fed rate decision, as well as the Treasury's quarterly refunding statement, with stocks moving lower heading into the start of Wednesday trading.
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Stock Market Today: Stocks mixed, Treasury yields steady ahead of Fed meetingStocks are on pace for their worst month of the year this October, with higher Treasury yields, mounting geopolitical risks and muted big tech earnings holding down gains.
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