US stocks trade mixed ahead of Fed minutes

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New York, July 7 (IANS) US stocks traded mostly lower in the morning session on Wednesday as investors awaited US Federal Reserve minutes and digested a slew of economic data.

The Dow Jones Industrial Average shed 28.59 points, or 0.16 per cent, to 17,812.03, Xinhua news agency reported.

The S&P 500 ticked down 0.99 points, or 0.05 per cent, to 2,087.56. The Nasdaq Composite Index rose 16. 19 points, or 0.34 per cent, to 4,839.10.

The June Fed minutes will be perused for indications of the Fed’ s concerns over recent weakness in the US economy and the Brexit referendum, said Chris Low, chief economist at FTN Financial on Wednesday.

US stocks closed lower on Tuesday, snapping a four-session winning streak, as Wall Street shifted its focus from Brexit to the uncertainty over the timing of the next rate hike.

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