Stocks end little changed as Fed kicks off 2-day meeting where stimulus is discussed
NEW YORK, N.Y. – Stocks are ending little changed as investors wait to see if the Federal Reserve will decide to start dialing back its stimulus or not.
The Dow Jones industrial average eased nine points, or 0.1 per cent, to close at 15,875.26 Tuesday. The Standard & Poor’s 500 index was down five points, or 0.3 per cent, at 1,781. The Nasdaq composite fell five points, or 0.1 per cent, at 4,023.68
Recent good news on the U.S. economy could increase the likelihood that the Fed decides to pull back on its huge bond-buying program as early as this week.
Frontier Communications surged 38 cents, or 8 per cent, to $4.78 after the company agreed to acquire AT&T’s fixed-line business in Connecticut for about $2 billion.
Delta Air Lines fell 98 cents, or 4 per cent, to $26.94.
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