Stocks- Wall Street Mixed As Investors Look Ahead to FOMC

Stocks- Wall Street Mixed As Investors Look Ahead to FOMC

© Reuters.  Wall Street mixed as Fed meeting begins. © Reuters. Wall Street mixed as Fed meeting begins.

Investing.com – Wall Street was mixed on Tuesday as the Federal Open Market Committee meeting kicked off in Washington.

The inched forward two and a half points or 0.10% as of 10:07 AM ET (15:07 GMT) while the composite was up 80 points or 0.33% and the tech heavy was flat.

The FOMC begins its monetary policy meeting, which wraps up on Wednesday. The central bank is expected to raise interest rates. Investors will be listening closely for any indication of potential rate hikes in 2018. Some worry that recent sluggish economic data could cause a delay of further hikes.

Tech stocks were mostly down in early morning trading. Apple (NASDAQ:) slipped 0.33% while Facebook (NASDAQ:) fell 0.21% and Snap was down 1.71%. IP firm Marathon Patent Group Inc (NASDAQ:) decreased 9.70% after announcing it was selling one million of its common stock shares.

Meanwhile airline maker Boeing (NYSE:) surged 2.71% after increasing its divided by 20% while luxury car maker Tesla (NASDAQ:) rose 2.45% and payments processor Square (NYSE:) was up 2.77%. General Electric (NYSE:) inched forward 1.08% while PayPal Holdings Inc (NASDAQ:) gained 1.32%.

Stocks in Europe were mostly up. In Germany the rallied 22 points or 0.17% while France’s increased 25 points or 0.58% and in London the surged 37 points or 0.37%. Meanwhile Spain’s fell 34 points or 0.34% and the pan-European gained nine points or 0.28%.

In commodities, fell 0.37% to $1,242.30 a troy ounce while futures slipped 0.33% to 57.80 a barrel. The U.S , which measures the greenback against a basket of six major currencies, rallied 0.15% to 94.08.

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