NEW YORK (AP) — The latest on developments in financial markets (All times local):
11:45 a.m.
U.S. stock indexes were mostly higher in midday trading ahead of the Federal Reserve’s latest economic and interest rate policy update.
Industrial companies, including airlines, led the gainers Wednesday. Johnson Controls rose 3 percent and American Airlines rose 2.3 percent.
Energy stocks also rose as oil prices headed higher. Technology stocks were down the most. Several packaged food companies also declined.
Bed Bath and Beyond plunged 15 percent after reporting earnings and sales that missed analysts’ forecasts.
The Standard & Poor’s 500 index was up a fraction of a point at 2,507.
The Dow Jones industrial average rose 17 points, or 0.1 percent, to 22,388. The Nasdaq composite fell 19 points, or 0.3 percent, to 6,442.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.24 percent.
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9:35 a.m.
Stocks are narrowly higher in early trading on Wall Street as investors wait to hear from the Federal Reserve.
Energy stocks were rising along with the price of crude oil early Wednesday. ConocoPhillips gained 1.3 percent.
Bed Bath and Beyond plunged 17 percent after reporting earnings and sales that missed analysts’ forecasts.
Cereal maker General Mills was also down 8 percent after reporting a disappointing quarter.
The Standard & Poor’s 500 index was little changed at 2,506.
The Dow Jones industrial average slipped 7 points, less than 0.1 percent, to 22,363. The Nasdaq composite fell 5 points, or 0.1 percent, to 6,456.
Three stocks rose for every two that fell on the New York Stock Exchange.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.23 percent.
