Stocks slip ahead of Fed decision; Oracle fallsMarch 19, 2014 @ 6:56 am
See all photos
NEW YORK (AP) -- Stocks are slightly lower in early trading on Wall Street as traders wait for the latest policy decision from the Federal Reserve.
Technology stocks had some of the biggest declines early Wednesday after software maker Oracle reported weaker earnings and revenue than investors were expecting. Home builders rose sharply following a surge in revenue and profits at K.B. Home.
The Standard & Poor's 500 index edged down a point to 1,870.
The Dow Jones industrial average lost 10 points, less than 0.1 percent, to 16,326. The Nasdaq composite fell eight points, or 0.2 percent, to 4,324.
The Fed finishes a two-day policy meeting later Wednesday. Investors will be watching closely to see how quickly the new Fed chief, Janet Yellen, will move to reduce the central bank's stimulus.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Working Through It
State troopers stay on the job despite seeing their own homes burn down
Fans turning to the secondary market will pay a hefty premium to see the Seahawks
As crews battle multiple wildfires, we take a look back at the at fire prevention's spokesbear
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.