You are here

US: Wall St dips at open ahead of Fed statement


[NEW YORK] US stocks retreated at the open on Wednesday ahead of a highly anticipated statement and news conference by the Federal Reserve, with the Fed expected to give clearer clues on how soon it plans to tighten monetary policy.

The Dow Jones industrial average fell 39.6 points, or 0.22 per cent, to 17,809.48, the S&P 500 lost 4.19 points, or 0.2 per cent, to 2,070.09 and the Nasdaq Composite dropped 10.59 points, or 0.21 per cent, to 4,926.85.