NEW YORK (AP) — Stock indexes are slipping in midday trading on Wall Street as investors wait for the latest news from the Federal Reserve.
The Dow Jones industrial average and the Standard & Poor's 500 index edged below the record levels they set the day before.
The Dow was down 28 points, or 0.2 percent, at 15,653 as of noon Eastern time Wednesday.
The S&P 500 was down four points, or 0.2 percent, at 1,767. The Nasdaq composite was down 12 points, or 0.3 percent, at 3,939.
The Federal Reserve releases a policy statement later Wednesday following a two-day meeting. Economists expect the Fed to maintain its $85 billion in monthly bond purchases to support the economy.
Hess, Western Union and Aflac fell after reporting lower earnings.