US stocks open mixed, awaiting Fed decision | Malay Mail

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NEW YORK, April 28 — US trading began mixed today amid the continued flurry of corporate earnings, but investors appeared to be waiting for the conclusion of the Federal Reserve’s policy meeting later in the day. “The earnings news has been spectacular, yet the response has been spectacularly...

A Wall Street sign is seen in Lower Manhattan in New York January 20, 2016. — Reuters picNEW YORK, April 28 — US trading began mixed today amid the continued flurry of corporate earnings, but investors appeared to be waiting for the conclusion of the Federal Reserve’s policy meeting later in the day.

About 30 minutes into the session, the benchmark Dow Jones Industrial Average was down 0.4 per cent 33,853.36. The central bank has pledged to keep interest rates low until inflation tops 2.0 per cent and stays there, but some economists have begun to worry that its low rates and aggressive bond-buying program will need to be dialed back.

 

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