Stock market opens little changed as investors brace for Fed

U.S. stock-indexes traded slightly weaker at the open on Wednesday, with traders hesitant to make any big moves ahead of the end of an important policy update from the Federal Reserve due at 2 p.m. Eastern Time. The Fed is widely expected to deliver a rate rise, and its forecasts could give investors clues to the pace of future increases.

The Dow Jones Industrial Average was trading flat at 24,727, the S&P 500 index retreated about 2 points or less than 0.1% at 2,715. The technology-laden Nasdaq Composite Index declined 12 points, or 0.1, at 7,354.

Meanwhile, Facebook Inc. was trading lower, down 1.5%, for a third straight day amid mounting concerns about how the social network has managed user data. The co-founder of WhatsApp, Brian Acton, said late Tuesday it was now time to delete Facebook because of its failures to guard user information. Facebook has shed about $ 50 billion in market value this week alone.

Source : Marketwatch

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European Stocks Little Changed After Biggest Bounce Since 2016

European stocks hold steady after rebounding from a selloff with their biggest weekly gain in 14 months.

The Stoxx Europe 600 Index adds less than 0.1% amid earnings reports. Reckitt Benckiser falls after posting its first-ever year of stagnant sales. Steel companies including ArcelorMittal, Outokumpu and Tenaris climb as the U.S. reveals recommendations to impose tariffs or quotas on imports of aluminum and steel, and China said it reserves the right to retaliate.

Source : Bloomberg

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U.S. Futures Little Changed Ahead of December Manufacturing PMI

U.S. stock-index futures signal a mixed start to the first trading session of 2018 ahead of December manufacturing PMI data.

E-Mini futures on S&P 500 up less than 0.1%. E-Mini futures on Dow Jones up less than 0.1%. E-Mini futures on Nasdaq 100 down less than 0.1%.

S&P 500 fell 0.5% on Dec. 29. VIX Index down 0.5% to 10.99.

WTI crude futures down 0.2% to $ 60.30/bbl. Bloomberg dollar spot index down 0.4%.

Source: Bloomberg

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