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Dow Jones Industrial Average Latest News: Futures Barely Moving Ahead of Fed Statement

Wochit 0:56 mins

Stock futures were mixed in very light trading with most investors in a holding pattern ahead of a statement from the U.S. Federal Reserve. Recently, the stock market has felt like late-summer inertia had already set in. U.S. stocks wandered between the tiniest of gains and losses before closing mixed. Traders were indecisive as companies reported disparate earnings news, and many were disinclined to make any big moves before getting direction from the Federal Reserve, which is scheduled to release an updated policy statement. The S&P 500 rose on Tuesday after earnings from Pfizer and others supported the market, but Mosaic and other potash producers tumbled on expectations of a global price decline.

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