Dow edges up as stocks open mixed ahead of Fed rate decision

U.S. stocks opened mixed on Wednesday morning with the Dow Jones Industrial Average attempting to bounce back after logging its longest losing streak in nearly half a century.

The Dow was rising 0.2%, at around 43,530 as of 9:31 a.m. Eastern time, according to FactSet data.

The S&P 500 was falling 0.1%, to around 6,045.

The Nasdaq Composite was off less 0.1%, at 20,083.

Investors were looking ahead to the Federal Reserve’s interest-rate decision and the release of the summary of economic projections on Wednesday afternoon. Policy makers are widely expected to lower the benchmark interest rate by 25 basis points, while the fresh set of economic forecasts may reflect fewer rate cuts in 2025 than previously anticipated.