Major market indices were a touch higher as the market awaits the results of today's
Federal Open Market Committee
While the vast majority of analysts expect the Fed to leave short-term interest rates unchanged, there is uncertainty over whether or not the Fed will adopt a tightening bias.
Dow Jones Industrial Average
was up 30 to 10,884.
was up 1 to 1340. The
Nasdaq Composite Index
was up 3 to 2565. The
was up 1 to 443.
TheStreet.com Internet Sector
index was down 3 to 638.
The 30-year Treasury bond was up 11/32 to 91 11/32, yielding 5.87%.
Most Up at Open -- NYSE
Charles Schwab (SCH) , up 2 13/16 to 116 3/4
: Schwab said it will go ahead with its 2-for-1 stock split after obtaining approval from shareholders.
Most Up at Open -- Nasdaq
Varlen (VRLN) , up 9 5/16 to 35 1/4
: Privately held
, a rail, truck and auto parts maker, launched a hostile bid for Varlen.
Most Down at Open -- NYSE
Royal Dutch Petroleum (RD) , down 1 7/16 to 55
Most Down at Open -- Nasdaq
Com21 (CMTO) , down 5 3/16 to 25 1/16