Little change on Wall Street as investors wait for Fed action
Associated Press
NEW YORK — Investors are holding off making big moves while they wait for the Federal Reserve.
Stocks ended little changed yesterday, a day after the major indexes had their worst day in two months. Traders are looking for the central bank at its two-day meeting ending today to outline its expectations for the economy and signal when it might raise interest rates.
Investors reacted coolly to a report from the National Association of Realtors that May sales of existing homes rose 2.4 percent. The increase was smaller than economists' forecasts of 2.8 percent.
