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U.S. stocks open mixed, eyes on FOMC statement; Dow Jones down 0.22%

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Investing.com -

Investing.com - U.S. stocks opened mixed on Wednesday, as investors remained cautious ahead of the Federal Reserve's highly anticipated policy statement due later in the trading session.

During early U.S. trade, the Dow 30 slipped 0.22%, the S&P 500 dipped 0.03%, while the NASDAQ Composite inched 0.01% higher.

Investors were looking ahead to the Fed's post-policy meeting press conference with Chair Janet Yellen later Wednesday, as they awaited fresh indications on the timing of possible interest rate increases.

The Fed was expected to cut its asset purchase program by another $10 billion, but is not expected to raise borrowing costs until mid-2015.

General Electric (NYSE:GE) slipped 0.15% as the company was said to be in talks with France to refine guarantees on jobs, planned investments and access to nuclear technology under its $17 billion bid for Alstom (PARIS:ALSO)'s energy assets ahead of a June 23 offer deadline.

On the upside, Adobe Systems (NASDAQ:ADBE) surged 7.76% after the company said online subscribers rose at a faster-than-projected rate in the fiscal second quarter, pushing the total to 2.31 million.

Google (NASDAQ:GOOGL) saw shares rise 0.33% after its video-sharing website YouTube said on Tuesday that it plans to launch a paid streaming music service, fuelling criticism that it might block the music videos of labels that do not agree to its terms.

Meanwhile, FedEx (NYSE:FDX) rallied 4.11% after the shipper posted fiscal fourth-quarter earnings that exceeded market estimates.

Across the Atlantic, European stock markets were mixed to higher. The DJ Euro Stoxx 50 edged up 0.07%, France's CAC 40 fell 0.12%, Germany's DAX added 0.13%, while Britain's FTSE 100 rose 0.27%.

During the Asian trading session, Hong Kong's Hang Seng edged down 0.09%, while Japan's Nikkei 225 jumped 0.93%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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