Markets quiet ahead of Fed announcement

 

Stocks in the U.S. are relatively unchanged Wednesday morning as traders wait for an interest-rate announcement from the Federal Reserve scheduled for 2 p.m. Most market watchers are expecting the central bank to raise its rate by .25%. The S&P 500 is down 0.03%, while the NASDAQ is up 0.08%. The Dow Jones is down 0.05%.

Asian stocks were mixed Wednesday. The Shanghai rose 0.46% and the Hang Seng was up 0.04%. The Nikkei rose 0.02%.

European stocks are a touch below breakeven as traders across the pond wait for the Fed announcement. The FTSE is down 0.07%, and the DAX is down 0.18%. The Euronext 100 is down 0.32%.

Energy futures are down today. The price for West Texas Intermediate crude oil is down  -0.99 at 51.99 per barrel. Brent crude is down -0.9 at 54.82 per barrel. Natural Gas is down -1.63 at 3.48. Precious metals are up this morning. Gold is up 1.52 at 1160.06 per ounce. Platinum is up 4.86 at 940.31 while silver is up 0.09 at 17.07. The dollar is down compared to the the major currencies today. The greenback is down against the euro, down  against the Yen and down  against the Pound.

KeyCorp  (KEY),Boeing (BA),and NVIDIA Corp. (NVDA) are early risers, while Bed Bath & Beyond  (BBBY),KLA-Tencor (KLAC),and Wells Fargo (WFC) are down. [InvestorsKeyhole, various news and data sources]

Symbols: BA BBBY KEY KLAC NVDA WFC
Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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