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S&P 500 Index Opens Sideways as Focus Shifts to FOMC Minutes

  • The major Wall Street indices are trading mixed on Wednesday.
  • Tech stocks on the rise support the Nasdaq Composite Index.
  • Defensive stocks operate in negative territory after the opening bell.

The main stock indices They opened mixed on Wednesday amid mixed results from major sectors. At time of writing, the S&P 500 was virtually unchanged on the day at 4,342, the Dow Jones Industrial Average was up 0.2% to 34,648, and the Nasdaq Composite was up 0.55% to 14,865.

Defensive real estate and utilities indices are trading in negative territory after the opening bell, pointing to an improvement in market sentiment. On the other hand, the Technology Index advanced 0.45% supported by risk flows.

Later in the day, the FOMC will release the minutes of its June meeting and market participants will look for new clues as to when to cut back.

S&P 500 chart (daily)

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