NEW YORK (AP) - Wall Street is fluctuating on a mix of economic and corporate news and as investors await the Federal Reserve’s latest assessment of the economy.
The government has issued better-than-expected reports on housing and inflation. Meanwhile, Alcoa Inc. says it’s cutting its dividend and Nokia Corp. is laying off 1,700 workers.
The Fed is widely expected to leave interest rates at historically low levels, but the market will be keen to see how the central bank sizes up the economy in a statement accompanying its rate decision.
In midday trading, the Dow Jones industrial average is up 13 at 7,230. The Standard & Poor’s 500 index is up 4 at 758, and the Nasdaq composite index is up 17 at 1,421.