Off the wire
• Chinese tracking ship Yuanwang-7 starts maiden voyage  • 1st LD: Huge blast rocks Azerbaijan armory  • Zimbabwe oil processing firm seeks removal of U.S. sanctions  • Passenger ship, train services in S China halted ahead of typhoon  • China trains police officers with upgraded protocols on duty  • South Sudan swears in Gai as first vice president  • Family of five killed in bomb blast in Iraqi besieged town  • 1st LD: China must focus on supply-side reform  • Spotlight: Turkey-U.S. ties in peril over post-coup cleric extradition standoff  • Chinese VP highlights role of youth in global economic growth  
You are here: 　 Home

U.S. stocks open lower as Fed Meeting begins

Xinhua, July 26, 2016 Adjust font size:

U.S. stocks opened slightly lower Tuesday as the U.S. Federal Reserve started its two-day policy meeting.

Analysts believed that the U.S. central bank will keep its interest rates unchanged after the conclusion of the meeting Wednesday.

In corporate news, before Tuesday's opening bell, 3M reported second-quarter earnings of 2.08 U.S. dollars per share, generally in line with market estimates. The firm lowered its guidance for 2016 sales growth. Its shares fell about 1 percent in early trading Tuesday.

Shares of Caterpillar jumped nearly 2 percent in early trading Tuesday after the U.S. construction and mining equipment maker delivered better-than-expected quarterly results.

Shares of McDonald's tumbled over 3 percent in early trading Tuesday following the release of the company's disappointing quarterly earnings report.

Shortly after the opening bell, the Dow Jones Industrial Average fell 13.08 points, or 0.07 percent, to 18,479.98. The S&P 500 lost 0.30 point, or 0.01 percent, to 2,168.18. The Nasdaq Composite Index edged down 0.04 point, or less than 0.01 percent, to 5,097.58.

On Monday, U.S. stocks ended lower after wavering in a tight range, as a decline in oil prices weighed on Wall Street. Endi