US stock market opens lower

Market expects interest rate hike from Fed

US stock market opens lower

World Bulletin / News Desk

The stock market opened lower Wednesday ahead of the Federal Reserve's interest rate decision.

The Dow fell 3 points to begin the day at 21,324 points and the S&P 500 lost 1 point to 2,438 points.

The Nasdaq slipped less than 1 point to start trading at 6,219 points.

The Fed will announce its interest rate decision at 1800 GMT, and Chair Janet Yellen will hold a news conference at 1830 GMT.

The market is highly anticipating a rate hike from the central bank, which last raised its benchmark interest rate in March, experts said.

 
Last Mod: 14 Haziran 2017, 17:12
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