Wall Street ticks lower as FedEx warns on profit; Fed on tap

FAN Editor
Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid

September 18, 2019

(Reuters) – U.S. stocks edged lower at open on Wednesday, pressured by FedEx’s warning on full-year profit, while investors waited for the Federal Reserve’s decision on interest rates.

The Dow Jones Industrial Average <.DJI> fell 35.41 points, or 0.13%, at the open to 27,075.39. The S&P 500 <.SPX> opened lower by 4.20 points, or 0.14%, at 3,001.50. The Nasdaq Composite <.IXIC> dropped 11.39 points, or 0.14%, to 8,174.62 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Anil D’Silva)

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