Markets Right Now: US stocks edge higher in early trading
NEW YORK (AP) — Stocks are narrowly higher in early trading on Wall Street as investors wait to hear from the Federal Reserve.
Energy stocks were rising along with the price of crude oil early Wednesday. ConocoPhillips gained 1.3 percent.
Bed Bath and Beyond plunged 17 percent after reporting earnings and sales that missed analysts’ forecasts.
Cereal maker General Mills was also down 8 percent after reporting a disappointing quarter.
The Standard & Poor’s 500 index was little changed at 2,506.
The Dow Jones industrial average slipped 7 points, less than 0.1 percent, to 22,363. The Nasdaq composite fell 5 points, or 0.1 percent, to 6,456.
Three stocks rose for every two that fell on the New York Stock Exchange.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.23 percent.