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Dow drifts lower as investors await a key policy update from Fed's Powell


Wednesday, 20 March 2019 20:46 WIB

Standard & Poor's 500Saham AS


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U.S. stock benchmarks on Wednesday retreated slightly at the open ahead of a Federal Reserve meeting and news conference expected to reaffirm the central bank's dovish policy stance.

The Dow Jones Industrial Average was off by about 60 points, or 0.2%, at 25,824, while the S&P 500 index was slipping 0.1% at 2,828, while the Nasdaq Composite Index was virtually unchanged at 7,722. Later Wednesday, the Jerome Powell-run central bank will release its economic forecasts at 2 p.m. Eastern Time, and Powell will host a news conference a half-hour later.

Meanwhile, investors are watching developments in U.S.-China trade talks after Tuesday reports by the Wall Street Journal indicated Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin planned to go to Beijing next week, in an effort to complete a tariff agreement.

Source: Marketwatch


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