• Wall St. dips after recent rally as Fed statement looms

    NEW YORK (Reuters) - Stocks dipped modestly at the open on Wednesday, but held on to most of their gains over the last two days, ahead of a highly anticipated Federal Reserve statement and news9:54 AM ET | Reuters

  • World Bank watching Fed, ready to respond

    LONDON (Reuters) - The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs7:53 AM ET | Reuters

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[BRIEFING.COM] The major averages continue to hover near their lows with the S&P 500 off by 0.2%. Yesterday's top performer, the industrial sector, is among the early laggards today as defense companies lag. General Electric (GE 24.15, -0.18) trades lower by 0.8% while the broader PHLX Defense Index is off by 0.4%.

Another large industrial subsector, the Dow Jones Transportation Average, holds a slim loss of 0.2%. Nasdaq -3.61 at 3478.57... NYSE Adv/Dec ... More


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