Stocks move lower in morning trading as investors await Fed’s interest-rate decision [Los Angeles Times (CA)]
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Source: Los Angeles Times
Stocks move lower in morning trading as investors await Fed’s interest-rate decision U.S. stocks edged lower in early trading on Wall Street on Wednesday ahead of the latest interest rate policy decision by the Federal Reserve. Healthcare and technology companies led the market lower as investors favored safer holdings in the utilities and real estate sectors. Microsoft and Apple fell, dragging other technology stocks down with them. Johnson & Johnson and UnitedHealth Group slid 1.1%, weighing down their peers in the healthcare industry. The market closed on a soft note Tuesday, ending a weeklong rally. The market is still off to a roaring start to the year. The S&P 500 index is up 12.6% so far in 2019. That's better than the full-year gains for the benchmark index in four of the past five years. Investors are looking ahead to comments from the Federal Reserve after its latest two-day meeting. The central bank has signaled that it will be “patient” in raising interest rates as it weig
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