NEW YORK, June 14 — Wall Street stocks were mixed early today, threatening the Dow's six-day winning streak ahead of a Federal Reserve interest rate decision.
Markets have been lifted by expectations that the Fed would hold rates steady and not increase them further after hikes at the end of 10 straight policy meetings.
Given the market rally leading into today's announcement, stocks could be primed for a "sell-the-news" reaction if the Fed meets expectations, said Briefing.com analyst Patrick O'Hare.
This means markets could fall after confirmation of the positive news.
About 15 minutes into trading, the Dow Jones Industrial Average was down 0.4 per cent at 34,074.29.
The broad-based S&P 500 added 0.1 per cent at 4,374.34, while the tech-rich Nasdaq Composite Index also edged up 0.1 per cent to 13,588.75.
The pullback followed official data showing a decline in wholesale prices in May, a report that is in line with the moderation in consumer prices over the same period. — AFP
