U.S. Stocks Open Lower Hours Before Fed Decision

By MarketWatch Pulse

U.S. stocks opened lower Thursday, following two days of solid gains, as investors braced for the Federal Reserve's rate decision at 2 p.m. Eastern. Opinions about whether the Fed will raise the rates or delay are split, while the Fed funds futures market is predicting a 25% chance for a hike. The S&P 500 opened 3 points, or 0.1%, lower at 1,992. The Dow Jones Industrial Average slipped 15 points, or 0.1%, to 16,721 at the open. The Nasdaq Composite began the day down 8 points, or 0.2% at 4,881.

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