Oct 31 - Wall Street's main indexes struggled for direction on Tuesday as investors awaited the outcome of the Federal Reserve's monetary policy meeting while assessing the latest batch of earnings reports.
The Fed kicked off a two-day monetary policy meeting on Tuesday. At the end of the meet the central bank is widely expected to hold interest rates steady, according to the CME Group's FedWatch tool. "Investors since late July have become worried because the possibility of a hard landing has increased. That's why today there's so much attention on ."
Drugmaker Amgen fell 3.7% as sales of some high-profile medicines came in below expectations in the third quarter. At 11:47 a.m. ET, the Dow Jones Industrial Average was down 33.53 points, or 0.10%, at 32,895.43, the S&P 500 was up 0.09 points, or 0.00%, at 4,166.91, and the Nasdaq Composite was down 37.01 points, or 0.29%, at 12,752.48.
Sarepta Therapeutics slumped 41.7% on the failure of its muscle disorder gene therapy in a late-stage trial. Shares of Sarepta's client, Catalent , also fell 16.9%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Futures advance as investors await Fed rate verdict; more earnings on tapKitco 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 »
Wall St eyes higher open as investors await Fed rate verdict, more earningsKitco 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 »
Dollar falls vs yen, stocks advance; focus on rates outlook, earningsKitco 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 »
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 »