Breaking News Bar
updated: 1/8/2014 10:09 AM

Stocks open lower on Wall Street ahead of Fed news

hello
Success - Article sent! close
  • Specialist Michael Shearin, foreground center, works at his post on the floor of the New York Stock Exchange Wednesday.

      Specialist Michael Shearin, foreground center, works at his post on the floor of the New York Stock Exchange Wednesday.
    Associated Press

 
Associated Press

Stocks are mostly lower in early trading as investors hold back ahead of the release of the latest news from the Federal Reserve.

The Dow Jones industrial average fell 88 points, or 0.6 percent, at 16,435 in early trading Wednesday.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The Standard & Poor's 500 index was down five points, or 0.3 percent, at 1,831. The Nasdaq composite fell eight points, 0.2 percent, to 4,154.

Telecommunications and energy stocks fell the most.

Ford rose 1 percent after CEO Alan Mulally said he would not leave to run Microsoft.

Later Wednesday, investors will get minutes from the Fed's December policy meeting, where officials voted to start pulling back on the bank's economic stimulus program.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.98 percent.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here