U.S. Stocks Open Lower Ahead Of Federal Reserve's Policy Statement

By Ellie IsmailidouMarketWatch Pulse

U.S. stocks opened lower on Wednesday as investors braced for the Federal Reserve's decision on interest rates expected at 2 p.m. Eastern. A pair of economic reports pointed to a robust housing market and firming consumer prices. The data were taken as an indication that the Fed might have enough ammunition to raise rates later this year. The S&P 500 opened 2 points, or 0.1%, lower at 2,013. The Dow Jones Industrial Average dropped 22 points, or 0.1%, to 17,225. Meanwhile, the Nasdaq Composite began the day down 11 points, or 0.2%, at 4,718.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below