Wednesday, October 30, 2013

Wall Street stock futures eye Fed stimulus call

Stocks were sluggish Wednesday as investors looked ahead to the conclusion of the Federal Reserve's two-day monetary policy meeting where the expectation is that the central bank will keep its economic stimulus fully in place until next year.

In morning trading the Dow Jones industrial average and S&P 500 index were each up less than 0.1%. The Nasdaq composite was up about 0.1%.

JOBS DISAPPOINTMENT: 130,000 added in private sector

INFLATION: Consumer prices up a scant 0.2%

On Tuesday, the Dow gained 0.7% to 15,680.35 and the S&P 500 rose 0.6% to 1,771.95 as both indexes closed at all-time highs. The Nasdaq added 0.3%, to 3,952.34.

TUESDAY: Dow and S&P 500 close at record highs

In energy trading, benchmark crude for December delivery was down 48 cents at $97.72 in electronic trading on the New York Mercantile Exchange. The contract dropped 48 cents to settle Tuesday at $98.20.

Japan's Nikkei 225 ended up 1.2% at 14,502.35.

The major benchmarks in Europe traded higher by 0.2% or more.

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