Stocks End Mixed As Investors Await Fed Statement

By: Associated Press Email
By: Associated Press Email

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Tuesday, June 23, 2009

Investors are holding off making big moves while they wait for the Federal Reserve.

Stocks are ending mixed but little changed Tuesday, one day after a selloff. Traders are looking for the central bank to outline its expectations for the economy and signal when it might raise interest rates.

The Fed's two-day meeting ends Wednesday.

According to preliminary calculations, the Dow Jones industrial average is down 16 to 8,323. The broader Standard & Poor's 500 index is up 2 to 895 and the Nasdaq composite index is down 1 to 1,765.

About eight stocks fell for every seven that rose on the New York Stock Exchange, where volume came to 1.2 billion shares.

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