US: Wall St opens muted ahead of Fed rate decision

WALL Street’s main indexes opened muted on Wednesday (Mar 22) ahead of the outcome of the Federal Reserve’s rate-setting meeting, in which the central bank will seek to balance inflation and banking sector concerns.

The Dow Jones Industrial Average rose 9.59 points, or 0.03 per cent, at the open to 32,570.19.

The S&P 500 opened lower by 0.83 points, or 0.02 per cent, at 4,002.04, while the Nasdaq Composite dropped 2.61 points, or 0.02 per cent, to 11,857.50 at the opening bell. REUTERS