U.S. stocks trade mixed ahead of Fed meeting

U.S. stocks pared early gains in the morning session Wednesday, as investors were cautious ahead of the Federal Reserve'S policy meeting next week.

At midday, the Dow Jones Industrial Average ticked down 10.12 points, or 0.06 percent, to 16,482.56. The S&P 500 narrowly lost 0.40 points, or 0.02 percent, to 1,969.01. The Nasdaq Composite Index edged up 0.65 points, or 0.01 percent, to 4,812.58.

Wall Street remains focused on the Fed ahead of its key policy meeting next week, when the U.S. central bank could raise interest rates for the first time in more than nine years.

U.S. Labor Department showed Wednesday that the number of job openings again rose to a series high of 5.8 million on the last business day of July.

U.S. stocks opened higher in the day, as traders were boosted by the Chinese government's new fiscal stimulus measures.

China's Ministry of Finance rolled out policies to shore up growth, such as coordinating funds to accelerate infrastructure projects, activating idle money and widening tax breaks.

Chinese shares remained in positive territory for the second consecutive day Wednesday.

Investors will also pay attention to tech giant Apple, which is expected to unveil new products later Wednesday.

U.S. stocks soared Tuesday after a long weekend, as investors bought the dip after last week's rout. Endit