The S&P 500 and the Nasdaq indexes held on to gains on Wednesday as traders awai...
- The S&P 500 and the Nasdaq indexes held on to gains on Wednesday as traders awaited the Federal Reserve’s December policy statement for clues on the domestic economy’s strength, while the Dow Jones index was pressured by losses in Boeing and Home Depot.
The U.S. central bank is widely expected to keep borrowing costs steady in its policy announcement, due at 2:00 p.m. ET . Markets are also awaiting Fed Chair Jerome Powell’s outlook on the economy when he holds a news conference later in the day. Stocks have stalled so far in December after three straight months of gains, hurt by worries over a delay in the signing of an interim U.S.-China trade deal and global growth concerns.
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