Stocks mixed as investors await release of Fed meeting minutes
NEW YORK -- Stocks were mixed in early trading on Wall Street ahead of the Federal Reserve’s release Wednesday of meeting minutes that could offer clues on future monetary stimulus.
The Dow Jones industrial average was down 26 points, or 0.2%, to 12,626 shortly after the opening bell.
The Standard & Poor’s 500 index was, up 3 points, or 0.2%, to 1,345. The Nasdaq was essentially flat at 2,902.
In a week that will end with JPMorgan Chase & Co.’s second-quarter earnings announcement, Wall Street was awaiting other potential big banking news: The board of British investment bank Barclays was set to consider splitting up the company into two units as regulatory pressure mounts, according to news accounts.
Barclays recently agreed to pay about $450 million in fines to U.S. and British authorities to settle charges that the bank tried to manipulate key interest rates.
A Barclays spokeswoman declined to comment on the board’s meeting, or a meeting the company was scheduled to hold Wednesday.
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