NEW YORK — Stocks are wandering Wednesday, as Wall Street waits to hear what the Federal Reserve’s mostcurrent economy-moving choice will be on interest rates.
The S&P 500 was 0.2% greater in earlymorning trading after riding a winning streak to its finest level consideringthat April2022 The Dow Jones Industrial Average was down 89 points, or 0.3%, at 34,123, as of 10: 05 a.m. Eastern time, while the Nasdaq composite was 0.2% greater.
Some stocks were making sharp moves, consistingof drops for numerous health insurancecompanies after UnitedHealth Group flagged how lotsof consumers were getting knee treatments and other outpatient services done. That’s something that might raise expenses for insuranceproviders, and UnitedHealth fell 6.9%. Humana dropped 11.6%.
Stocks of business that make items utilized in hip replacements and other health treatments, ontheotherhand, were at the front of the market. Stryker increased 4.8%, and Boston Scientific acquired 3.9%.
But the bulk of Wall Street was peaceful, with the primary occasion coming lateron in the afternoon. That’s when the Federal Reserve will reveal its newest relocation on interest rates after jacking them to their greatest levels because 2007 in hopes of getting high inflation under control.
The large expectation on Wall Street is that the Fed will make no move, which would be the veryfirst time in more than a year where it hasn’t raised rates. Inflation has