Stock market today: Wall Street drifts in early trading ahead of Fed announcement on rates

1% early Wednesday, coming off its third straight losing month largely because of higher yields in the bond market. The Dow was little changed, and the Nasdaq composite was up 0.3%. The Fed is wrapping up its latest meeting on interest-rate policy in the afternoon. The overwhelming expectation is for it to hold its main rate steady for the second straight time. It’s already yanked the overnight rate above 5.25% from nearly zero early last year.

In premarket equities trading, CVS Health dipped about 1% after it posted better-than-expected third-quarter sales and profit but trimmed its adjusted per-share earnings expectations for the year. U.S. benchmark crude oil advanced $1.55 early Wednesday to $82.57 a barrel. It lost 29 cents on Tuesday to $81.02. Brent crude, the international standard, picked up $1.55 to $86.57 a barrel.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street jumps as earnings gather momentum, Fed meeting nearsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market news today: Stocks rise with Fed rates decision on deckInvestors are laser-focused on the Fed policy statement and Chair Jerome Powell's comments for clues to how interest rates will evolve.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US futures slip with Fed rates decision on deckInvestors are laser-focused on the Fed policy statement and Chair Jerome Powell's comments for clues to how interest rates will evolve.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »