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Stocks waver as investors wait for Fed statement

By WTOP Staff

NEW YORK (AP) — Major U.S. stock indexes are trading in a tight range as investors waited for word from the Federal Reserve and mulled over a mixed batch of corporate earnings results.

The Standard & Poor’s 500 was flat at 1,985 as of 11:54 a.m. Eastern time Wednesday.

The Dow Jones industrial average rose 16 points, or 0.1 percent, to 17,021. The Nasdaq composite fell 18 points, or 0.4 percent, to 4,546.

Facebook slumped 6 percent after its chief financial officer said that expenses for the social networking giant could rise sharply next year as it ramps up spending.

Investors are looking ahead to an announcement later Wednesday from the Fed’s policymaking committee for insight into when the central bank might start raising interest rates.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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