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10/12/2022, 3:31 PM (Source: TeleTrader)
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Wall Street opens in red ahead of Fed Minutes

Major US stocks kicked off Wednesday's session mostly unchanged as investors awaited the Federal Reserve's latest report expected to reveal highlights of the previous FOMC meeting.

In corporate news, tech giant Microsoft was scheduled to unveil new products at its Surface event later during the session. Moderna's shares soared over 13% after news it has joined efforts with Merck to develop and sell vaccines against cancer.

The Dow Jones fell by 0.22%, while the S&P 500 lost 0.16%. The Nasdaq 100 remained flat at the open, turning lower shortly after. The euro slipped against the dollar to sell for 0.97001 at 9:27 am ET.

Baha Breaking News (BBN) / ND