untitled design

S&P 500 Index opens lower, energy stocks suffer heavy losses

  • The major Wall Street indices opened modestly lower on Wednesday.
  • The drop in crude prices continues to weigh on energy stocks.
  • The Fed will announce monetary policy decisions later in the session.

The main US stock indices They started the day with small losses on Wednesday as investors stand on the sidelines as they wait for the US Federal Reserve to announce monetary policy decisions.

At time of writing, the S&P 500 was down 0.12% on the day at 4,625, the Dow Jones Industrial Average was losing 0.35% at 35,923, and the Nasdaq Composite was largely unchanged at 15,655.

Among the top 11 sectors of the S&P 500, the Energy Index is down more than 1% due to a more than 1% drop in US crude oil prices. On the other hand, the Consumer Discretionary Index it was up 0.4% as the biggest winner after the opening bell.

S&P 500 chart (daily)

.

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular