Wall Street stocks were flat on Wednesday as markets traded cautiously ahead of a Federal Reserve rate decision.
While the US central bank is widely expected to slash interest rates for a third straight time, investors are also bracing for a “hawkish cut”.
At the opening bell, the Dow Jones Industrial Average rose 13.7 points, or 0.03%, to 47,573.96. The S&P 500 fell 7.0 points, or 0.10%, to 6,833.49, while the Nasdaq Composite dropped 40.5 points, or 0.17%, to 23,536.001.
Key Stock Movers
GE Vernova shares climbed more than 15% after the company raised its financial forecast and its share buyback authorization.
Oracle stock fell 0.4% ahead of the earnings report later on Wednesday.
