U.S. stocks struggled for direction at Wednesday’s open as investors awaited clarity from Federal Reserve policymakers on their monetary tightening plans against a backdrop of downbeat economic data.
The S&P 500 was just below breakeven at the start of trading after the benchmark index fell for three straight sessions. The Dow Jones Industrial Average slipped 50 points, or roughly 0.2%, while the Nasdaq Composite was flat.
Peloton (PTON) shares surged as much 13% in after the company said it…
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