Markets Right Now: Stocks mixed as investors wait for Fed

NEW YORK — The latest on developments in financial markets (all times local):

9:35 a.m.

Investors are in wait-and-see mode hours ahead of a widely anticipated Federal Reserve decision on interest rates.

Stocks are opening mixed Wednesday with the S&P 500 barely changed and the Nasdaq showing a slight decline.

Expectations that the Fed will have to cut rates at some point have pushed stocks higher in June. The S&P 500 is up 6% for the month and just 1% off its all-time high. The Fed issues its decision at 2:00 p.m.

Bank stocks led the gainers early Wednesday. Wells Fargo rose 1.2%.

The S&P 500 index was unchanged at 2,917.

The Dow Jones Industrial Average added 68 points, or 0.3%, to 26,532. The Nasdaq fell 12 points, or 0.2%, to 7,941.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.09%.

Must Read

The Latest: Trump meets Macron in France

Jun 6, 2019

President Donald Trump and French President Emmanuel Macron are meeting in Caen on the northern...

Qatar's ruler to attend Gulf meeting in Kuwait...

Dec 4, 2017

Qatar's ruling emir will attend an upcoming meeting of the Gulf Cooperation Council in Kuwait amid...

The Latest: Kuwait's emir quickly ends troubled...

Dec 5, 2017

Kuwait's emir has quickly ended a troubled summit of the Gulf Cooperation Council amid the ongoing...

Irish border dispute looms large over the UK-EU...

Oct 15, 2018

Britain and the European Union are stuck on the tricky question of how the Irish border fits into...

The Latest: Tusk says new thinking required in...

Oct 16, 2018

European Council President Donald Tusk says new thinking is required to end the Brexit standoff and...