Stocks rose slightly on Wednesday as investors waited to hear the Federal Reserve’s latest decision on monetary policy.
The Dow Jones Industrial Average traded just 3 points higher as more than 1% gains in Dow Inc and Johnson & Johnson were offset by a 2% drop in Boeing shares. The S&P 500 and Nasdaq Composite gained 0.2% and 0.3%, respectively.
Treasury yield dipped slightly, with the 10-year rate trading at 1.826%. The 2-year yield slipped to 1.646%.
The Fed is largely expected to keep rates unchanged. But Fed Chairman Jerome Powell is also expected to signal the central bank will take appropriate measures to keep liquidity high and overnight lending rates steady to end the year.