Business Standard

Wall St dips as Merk drags; Fed on tap

Image

Reuters NEW YORK

NEW YORK (Reuters) - Wall Street edged lower at the open on Wednesday, weighed by weak results from Merck as investors waited to hear from the U.S. Federal Reserve on the state of the economy.

The Dow Jones industrial average dropped 41.40 points, or 0.28 percent, to 14,798.40. The Standard & Poor's 500 Index lost 3.14 points, or 0.20 percent, to 1,594.43. The Nasdaq Composite Index shed 2.55 points, or 0.08 percent, to 3,326.24.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 01 2013 | 7:03 PM IST

Explore News