Stocks are drifting as Wall Street waits to hear from the Federal Reserve about where interest rates may be heading. The S&P 500 slipped 0.2% early Wednesday, coming off its first losing month in the last six. The Dow Jones Industrial Average rose 109 points, and the Nasdaq composite fell 0.3%. CVS Health, Starbucks, Advanced Micro Devices and Super Micro Computer tumbled following their profit reports. The main focus is on the Fed, which is expected to keep its main interest rate steady. Chair Jerome Powell could give guidance about the chances for a cut to rates later this year.
