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U.S. stocks trade mixed amid earnings, Fed meeting

WASHINGTON: U.S. stocks pared early gains to trade mixed around midday Wednesday, as investors digested Apple’s earnings report while awaiting the Federal Reserve’s decision on rate hikes. By noon, the Dow Jones Industrial Average edged up 3.05 points, or 0.02 percent, to 19,867.14. The S&P 500 fell 3.83 points, or 0.17 percent, to 2,275.04. The Nasdaq Composite Index was up ... Read More »

Oil value declines ahead of US Fed meeting

SINGAPORE: Oil prices fell in Asia on Wednesday as dealers await the outcome of a US Federal Reserve meeting and the release of a US supply report expected to show a surge in crude stockpiles, analysts said. US benchmark West Texas Intermediate for March delivery fell 75 cents to USD 45.48 while Brent for March eased 60 cents to USD ... Read More »

Dollar stable in Asia ahead of Fed meeting

TOKYO: The US dollar was steady in Asia on Wednesday as traders eye the outcome of a Federal Reserve policy meeting later in the day. The greenback fetched 108.12 yen in afternoon Tokyo trade against 108.16 yen in New York. The euro was nearly flat at $1.2737 from $1.2733 and 137.73 yen against 137.74 yen. Currency markets were stuck in ... Read More »

Brent crude rises to $86.23 as dealers await outcome of Fed meeting

SINGAPORE: Oil prices rose in Asia Wednesday as dealers await the outcome of a US Federal Reserve meeting and the latest US supply report. US benchmark West Texas Intermediate for December delivery rose 26 cents to $81.68 while Brent crude for December was up 20 cents at $86.23 in mid-morning trade. “The focus is clearly on the Fed, which has ... Read More »