February 1, 2023

Stocks slip as Wall Street waits for Fed's latest rate hike

NEW YORK (AP) — Stocks are drifting lower on Wall Street Wednesday ahead of the Federal Reserve’s latest decision on interest rates.

The S&P 500 was 0.3% lower in midday trading. The Dow Jones Industrial Average was down 244 points, or 0.7%, at 33,841, as of 11:30 a.m. Eastern time, while the Nasdaq composite was 0.2% lower.

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