Stocks were trading lower Wednesday, ahead of an expected Federal Reserve interest-rate cut, while a flood of quarterly corporate results continued to come in mixed, but better than some analysts had feared.
The Dow Jones Industrial Average was down about 25 points at 27,046, while the S&P 500 was off 4 points at 3,036=3. The Nasdaq was about half a point higher, around 8,264.
The S&P 500 notched an all-time intraday high Tuesday morning, but ended slightly lower after equities lost steam. The large-cap index, which posted a record close on Monday, lost 2.53 points Tuesday, or 0.1%, to end at 3,036.89. The Dow gave up 19.30 points, or 0.1%, to finish at 27,071.42, while the Nasdaq Composite shed 49.13 points, or 0.6%, closing at 8,276.85.
Source : Marketwatch