Nasdaq turns higher; focus on Fed meeting
2008-01-30 07:48:47 SINA English
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NEW YORK (Reuters) - The Nasdaq composite index turned higher while the S&P 500 and Dow pared early losses on Wednesday as expectations of another interest rate cut from the Federal Reserve helped investors overcome disappointment from Yahoo Inc's (YHOO.O) revenue outlook.
The Dow Jones industrial average (.DJI) was down 33.89 points, or 0.27 percent, at 12,446.41. The Standard & Poor's 500 Index (.SPX) was down 1.80 points, or 0.13 percent, at 1,360.50. The Nasdaq Composite Index (.IXIC) was up 1.90 points, or 0.08 percent, at 2,359.96.
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