Stocks open slightly lower as Fed begins two-day meeting

Stocks opened slightly lower Tuesday as Federal Reserve policy makers were set to begin a two-day meeting expected to conclude with another quarter-point cut...

Stocks opened slightly lower Tuesday as Federal Reserve policy makers were set to begin a two-day meeting expected to conclude with another quarter-point cut in interest rates. The Dow Jones Industrial Average DJIA, -0.24% fell 77 points, or 0.3%, to 27,000, while the S&P 500 SPX, -0.

07% declined 4 points, or 0.1%, to 2,994. The Nasdaq Composite COMP, +0.02% was off 5 points, or 0.1%, at 8,148. Stocks ended lower Monday as oil prices surged in the wake of a weekend attack on Saudi Arabian oil-production facilities. Crude pulled back on Tuesday, while investors looked ahead to the outcome of the Fed meeting.

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