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Wall Street flat as Fed meet kicks off; Nasdaq hits record

Ten of 11 major S&P 500 sectors were higher, with industrials index's 0.34% rise leading advancers


Wall Street was little changed on Tuesday, with the Nasdaq Composite edging lower after eking out another record high, as the Federal Reserve's meeting kicks off. While the Fed is widely expected to stand pat on interest rates, investors are awaiting the central bank's statement, due on Wednesday, for clues regarding the future path of rate hikes. "While no one expects any changes to policy, the 500-word statement will probably provide some direction to the dollar," said Hussein Sayed, chief market strategist at FXTM. "'Will the Fed acknowledge a ...

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First Published: Tue, May 02 2017. 20:05 IST