Trader Edward Curran works on the floor of the New York Stock Exchange Wednesday, Jan. 8, 2014.Stocks are mostly lower in early trading as investors hold back ahead of the release of the latest news from the Federal Reserve. (AP Photo/Richard Drew)
NEW YORK — Stocks are mixed on Wall Street as investors hold back ahead of the release of the latest news from the Federal Reserve.
The Dow Jones industrial average was down 54 points, or 0.4 percent, at 16,435 in midday trading today.
The Standard & Poor’s 500 index was up a point, or 0.1 percent, at 1,839. The Nasdaq composite was up 17 points, 0.4 percent, at 4,170.
Telecommunications stocks fell, while health care stocks rose.
Ford rose 1.5 percent after CEO Alan Mulally said he would not leave to run Microsoft.
Later today, investors will get the minutes from the Fed’s December policy meeting, where officials voted to start pulling back on the bank’s bond-buying program.
Bond prices fell. The yield on the 10-year Treasury note rose to 3 percent.