Stocks open slightly higher ahead of Fed policy statement
Stocks were flat to slightly higher Wednesday, as investors awaited the outcome of a Federal Reserve policy meeting and digested a wave of corporate earnings, including results from megacap tech giants Apple Inc. (AAPL), Google parent Alphabet Inc. (GOOGL)(GOOGL) and Microsoft Corp. (MSFT). The Dow Jones Industrial Average edged down 3 points to 35,055 after opening with a small gain, while the S&P 500 was up 0.1% at 4,406.09. The Nasdaq Composite rose 0.4% to 14,712.76. The Fed is expected to leave its monetary-policy settings unchanged, but investors will be hunting for clues to plans to eventually begin scaling back the central bank's monthly asset purchases.
-William Watts; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 28, 2021 09:34 ET (13:34 GMT)
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