U.S. stocks open lower as Fed’s rate decision looms

U.S. stocks opened lower Wednesday as investors await the Federal Reserve’s interest-rate decision. The Dow Jones Industrial Average DJIA, -0.38% was down 0.5% soon after the opening bell, while the S&P 500 SPX, +0.15% edged down less than 0.

1% and the Nasdaq Composite COMP, +0.14% slipped less than 0.1%, according to FactSet data, at last check. The central bank will announce its policy decision on rates at 2 p.m. Eastern Time, with Fed Chair Jerome Powell scheduled to hold a press conference at 2:30 p.m.

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