Wall Street today: US stock indices flat ahead of Federal Reserve’s final rate decision of 2024 | Stock Market News
US stock indices opened flat on Wednesday, as investors remained cautious ahead of the Federal Reserve’s final policy decision of this year.
At the open, the Dow Jones Industrial Average rose 9.8 points, or 0.02%, to 43,459.72. The S&P 500 fell 3.0 points, or 0.05%, to 6,047.65, while the Nasdaq Composite rose 5.9 points, or 0.03%, to 20,114.982.
The central bank is widely expected to cut rates by a quarter point.
Oil prices were steady on Wednesday ahead of a potential interest rate cut by the US Federal Reserve.
Brent futures rose 42 cents, or 0.57%, to $73.61 a barrel at 1201 GMT, while US West Texas Intermediate crude climbed 47 cents, or 0.67%, to $70.55 a barrel.
Gold prices were little changed on Wednesday with spot gold down 0.1% to $2,643.79 per ounce by 1256 GMT. US gold futures fell 0.1% to $2,659.80.
Spot silver was down 0.6% at $30.35 per ounce.
