You are here: Home » Reuters » News
Business Standard

S&P 500 hovers near unchanged as focus turns to Fed

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - U.S. stocks were near flat on Tuesday as investors became cautious ahead of the Federal Reserve's policy decision, while a historic U.S.-North Korea summit failed to impress investors.The Fed is widely expected to raise interest rates for the second time this year, when it concludes its policy meeting on Wednesday. With borrowing costs returning to more normal levels, investors are focused on how the Fed characterizes its monetary policy, while looking for hints if it would move to raise rates three or four times this year."There's a little bit of ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, June 13 2018. 01:02 IST
RECOMMENDED FOR YOU