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Dow, S&P 500 muted at open as Fed meeting begins

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 12, 2021. REUTERS/Brendan McDermid

(Reuters) – The S&P 500 and the Dow saw a muted open on Tuesday as investors remained on the sidelines ahead of the Federal Reserve’s two-day policy meeting against the backdrop of rising borrowing costs.

The Dow Jones Industrial Average rose 13.3 points, or 0.04%, at the open to 32966.75. The S&P 500 rose 4.7 points, or 0.12%, at the open to 3973.59, while the Nasdaq Composite rose 63.5 points, or 0.47%, to 13523.173 at the opening bell.

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