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Wall Street flat as banks fall after weak data; Fed meet eyed

Dow Jones Industrial Average was up 9.23 points at 21,337.7


US stocks pared gains to trade little changed on Wednesday as a set of weak economic data weighed on bank stocks, while investors braced for a near-certain interest rate hike by the Federal Reserve. Traders have placed a 91 per cent chance of the central bank pulling the trigger on a second rate increase this year. The hike will push interest rates above 1 per cent for the first time since the immediate aftermath of the collapse of Lehman Brothers in 2008. Investors will also be looking for any details on the Fed's plans to trim its $4.5 trillion balance ...

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First Published: Wed, June 14 2017. 21:02 IST