U.S. stocks struggle for direction as traders await Fed decision

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U.S. stock indexes are mostly lower in cautious trades on Wednesday, as the focus turns to the Federal Reserve interest rate decision later in the day, while private-sector employment in April increased more than expected.

How are stocks trading

On Tuesday, the Dow Jones Industrial Average fell 367 points, or 1.08%, to 33685, the S&P 500 declined 48 points, or 1.16%, to 4120, and the Nasdaq Composite dropped 132 points, or 1.08%, to 12081.

What’s driving markets

Stocks…

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