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MarketWatch MarketPulseMar 20, 2019
Dow drifts 122 points lower as investors await a key policy update from Fed's Powell; FedEx's stock sinks
U.S. stock benchmarks on Wednesday retreated slightly at the open ahead of a Federal Reserve meeting and news conference expected to reaffirm the central bank's dovish policy stance. The Dow Jones Industrial Average was off by about 122 points, or 0.5%, at 25,764, while the S&P 500 index was slipping 0.3% at 2,823, while the Nasdaq Composite Index was off by 0.2% at 7,708. Later Wednesday, the Jerome Powell-run central bank will release its economic forecasts at 2 p.m. Eastern Time, and Powell will host a news conference a half-hour later. Meanwhile, investors are watching developments in U.S.-China trade talks after Tuesday reports by the Wall Street Journal indicated Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin planned to go to Beijing next week, in an effort to complete a tariff agreement. In corporate news, shares of FedEx Corp. , often viewed as a barometer of global growth prospects, were down sharply after the logistics company missed Wall Street forecasts for its fiscal third quarter, partly due to higher costs for its FedEx Ground business.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters Company NewsMar 20, 2019
US STOCKS SNAPSHOT-Wall St opens flat as investors await Fed outlook
Wall Street's main indexes were little changed at the open on Wednesday as investors cautiously waited for more clarity on the Federal Reserve's monetary policy outlook for the year, while trade worries still lingered.

Reuters BusinessMar 20, 2019
Wall Street opens flat as investors await Fed outlook
Wall Street's main indexes were little changed at the open on Wednesday as investors cautiously waited for more clarity on the Federal Reserve's monetary policy outlook for the year, while trade worries still lingered.

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