Summary
U.S. stocks were lower on Wednesday morning ahead of the Fed’s rate decision later this afternoon. ADP’s latest employment report shows 107,000 jobs were added in January, down from 164,000 in December and lower than expected. Shares of Paramount Global are up on news that billionaire Byron Allen has made a $14.3 billion takeover offer for Paramount Global. Meanwhile, Microsoft, Advanced Micro Devices and Alphabet are all trending lower after reporting fourth-quarter results. The S&P 500 is down 0.9%, the Dow 0.1%, the Nasdaq lost 1.5% and the Russell 2000 fell 0.5%. Crude oil was down 2%, while gold rose $17.50 to $2068 per ounce.
Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Source: finance.yahoo.com