S&P 500 opens flat near 4,400 as focus shifts to FOMC meeting
|- Wall Street's main indexes trade mixed on Wednesday.
- S&P 500 Communication Services Index is up more than 1% after the opening bell.
- Investors await for FOMC to release its Monetary Policy Statement.
Major equity indexes in the US opened on a mixed note on Wednesday as investors refrain from taking large positions while waiting for the FOMC to announce its policy decisions following the July meeting.
As of writing, the S&P 500 was virtually unchanged on the day 4,400, the Nasdaq Composite was up 0.25% at 15,000 and the Dow Jones Industrial Average was losing 0.18% at 35,062.
Among the 11 major S&P 500 sectors, the Communication Services Index is up more than 1% after the opening bell. On the other hand, the Technology Index is losing 0.9%, limiting the tech-heavy Nasdaq's upside.
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S&P 500 chart (daily)
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