Dow slightly lower as stocks open mixed before last Fed meeting of year

U.S. stocks opened mixed on Wednesday ahead of an eagerly awaited policy update by the Federal Reserve which could deliver clues on the interest rate outlook. The S&P 500 SPX, +0.20% was up 0.2% to 3,137. The Dow Jones Industrial Average DJIA, -0.05% shed 27 points, or 0.1%, to 27,854. The Nasdaq Composite COMP, +0.27% rose 0.2% to 8,630.

All three benchmarks ended Tuesday within 1% or less of their record closes set nearly two weeks ago on Nov. 27. The Fed is expected to stand pat but could point to how the interest rate path for next year may shape up. Investors saw signs of an inflation pickup on Wednesday, with consumer prices up 0.3% in November.

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