Wall Street Opens Flat Awaiting FOMC Minutes

May 20, 2015 Share Print 0

U.S. stocks were little changed at the open on Wednesday as investors stayed on the sidelines ahead of the release of minutes from last month’s Federal Reserve meeting, which is expected to shed light on when interest rates will be hiked.

The Dow Jones industrial average .DJI fell 0.96 points, or 0.01 percent, to 18,311.43, the S&P 500 .SPX lost 0.42 points, or 0.02 percent, to 2,127.41 and the Nasdaq Composite .IXIC dropped 1.48 points, or 0.03 percent, to 5,068.55.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.